Do you know what is Demat Account and Trading Account? One should open Demat & Trading account to invest in stock markets in India. How can you open Demat Account and Trading Account with IFGL.
A Demat or dematerialize account is an account which is required for holding shares or securities of any nature in electronic form. A bank account is linked with your Demat account and the dividends declared are credited into your Demat account with Indian Finance Guaranty ltd.
Trading account is an account which is required for execution of purchase of listed securities in the Indian stock market. A bank account is linked with your IFGL trading account and the holder of the IFGL trading account can transfer funds directly into his/her trading account via net banking from his/her account. On having the clear balance in your trading account you can buy shares, which further gets transferred to your Demat account with Indian Finance Guaranty ltd.