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Is it mandatory to have a Demat account to share online?

I am interested to invest some money in the share market. Because it is now safe and easy to invest money on the share market. I do not have a demat account. Is it possible to invest money on the market without a demat account?

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Answer #1

Hi,

In India, Demat refers to a dematerialised account. Just as you have to open an account with a bank if you want to save your money, make cheque payments etc, you need to open a demat account if you want to buy or sell stocks.

HOWEVER, The Securities and Exchange Board of India (SEBI) mandates a demat account for share trading above 500 shares.

While you don’t need anything like this to maintain your stock portfolio in the US, in India, you seem to be required to have this account if you are dealing with more than 500 shares of stock.

Good luck.

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