BQ Big Decisions: Here’s What You Probably Don’t Know About Your Demat Account
BloombergQuint’s Big Decisions podcast gets you the insights you need to make big money decisions with confidence.
If you’ve ever traded in the equity market, you’ll likely know about a demat account. It is, after all, a necessary prerequisite. But, there’s a lot more to your demat account than just providing a digital storehouse for the equities you buy.
Demat accounts are held in India with two depositories—the National Securities Depository Ltd. and Central Depository Services Ltd. They were created as part of the dematerialisation of equity shares, or in other words the process to convert physical share certificates into a digital record.
On this BQ Big Decisions podcast, BloombergQuint speaks to Narayan Venkat, assistant vice president of NSDL, about the features of demat accounts that are often overlooked.