Demat Account is an account that is used to hold shares and securities in electronic format. The full form of Demat account is a dematerialised account.
During online trading, shares are bought and held in a Demat account, thus facilitating easy trade for the users.
In India, Demat account service is provided by depositories such as NSDL and CDSL through intermediaries / Depository Participant / Stock Broker . The charges of Demat account vary as per the volume held in the account, type subscribed, and the terms and conditions laid by the depository and the stock broker.