Key Points
With technological advancements, the process of opening a demat account has become streamlined, enabling retail investors to initiate trading activities within a day..
Demat accounts offer several benefits to investors, including the elimination of physical share certificates, which are susceptible to damage..
Additionally, those looking to hold securities jointly with family members or business partners may opt for a joint demat account to manage investments collectively..
A joint demat account is a type of dematerialised account that allows two or more individuals to jointly hold securities such as stocks, bonds, and mutual funds in electronic format..
For instance, if an investor holds one share certificate individually and another jointly with someone else, they would need to open two separate demat accounts to accommodate these securities...
