In the last few years, the number of Indians investing in the stock market has increased. This is the reason, demat accounts are being opened every month. To invest directly in the stock market, it is necessary to open a demat account. Shares of any company cannot be bought or sold in the stock exchange without a demat account. Apart from shares, mutual fund units, debentures, bonds and government securities can also be held in a demat account.
Let us tell you, Demat account also works like a bank account. The only difference is that there is a transaction of money in a bank account and a transaction of shares takes place in a demat account. PAN card, residence proof ID proof, passport size photograph are required to open a demat account.
The number of people opening demat accounts in India is continuously increasing. On an average, more than 12 lakh demat accounts are opened every month. In this way, the total number of demat account holders has doubled in just three years. Minister of State for Finance Pankaj Choudhary gave this information in the Lok Sabha. In which he told that there are a total of 7.38 crore demat account holders in India at present. Apart from these, the number of investors of mutual funds is about 2.7 crores.
Along with this, he told that 3.79 crore new demat accounts have been opened in three years. 3.79 crore new demat accounts were opened in the last 31 months. In this way, on an average, more than 12 lakh demat accounts were opened every month. 3.79 crore new demat accounts were opened in the last 31 months. In this way, on an average, more than 12 lakh demat accounts were opened every month. During this, this figure is continuously increasing.
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