---
title: "What is a Demat account?"  
description: "What is a Demat account?"  
author: "Sanjay Goenka"  
published: 2022-08-26  
canonical: https://answers.mindstick.com/qa/98138/what-is-a-demat-account  
category: "finance"  
tags: ["finance"]  
reading_time: 1 minute  

---

# What is a Demat account?

What is a Demat [account](https://www.mindstick.com/articles/33699/how-tech-is-disrupting-the-accounting-world)

## Answers

### Answer by Subhamay Ganai

A demat account is a brokerage account held by a bank or a broker, where securities are held in physical form. It is also known as an account held in dematerialized form.

A demat account allows you to buy and sell shares in your stock market portfolio from anywhere in the world through internet banking. The difference between a demat account and a NRI account is that NRI accounts are administered by non-resident Indians (NRIs), whereas demat accounts are administered by resident Indians.


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Original Source: https://answers.mindstick.com/qa/98138/what-is-a-demat-account

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