So, your stock broker has told you to open a DEMAT account. You might have thought, what on earth is a DEMAT account and why do you need it? Keep reading to find out the evolution of DEMAT accounts.
Our era belongs to the internet and all things digital, and there’s no turning back. With everything going online, it becomes easier for a consumer to access his assets and liabilities at the click of a button. In an age where change is constant, it’s safe to say that communication and learning devices are here to stay. This technology isn’t alien to India. Slowly and steadily, all monetary transactions have gone online. In fact, India plays a significant role in the international market and is deemed to be one of the fastest and strongest growing economy.
The Indian share market has always been fascinating. What used to be known primarily for its agricultural produce is now known for its evolution in digital banking. The Indian capital market is famous for its contribution to its ever-growing economy. This contribution is visible from the amount of transactions that happen in the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). In turn, this attracts potential investors to join the trading bandwagon, thus making their fair share of profits, be it long or short term.
How did it all begin?
In 1991, India began modernizing for the better. Banking and investment methods were old-school and were in a desperate need to be revamped. … Read More