All those who wish to invest and trade in the stock market must have a Demat Account.One must be a citizen of India, have a PAN card or Adhar card, and must have an operational bank account.
Demat accounts can hold equities, debentures, bonds, mutual funds, and IPO’s in electronic form. An investor can hold these financial instruments in his Demat A/C for investment and long-term wealth creation.
Demat is compulsory for all IPO applications.
Trading account can be opened with any registered stock broker or bank for share trading.