Today, in order to trade in the stock market it is mandatory to open a demat account. This account maintains all your documents and certificates in a dematerialised format. This implies that it replaces the paper format of maintaining the same documents in a computerised format. With the introduction of this feature, it has not only reduced the complication of maintaining paperwork but also created a safe and secured platform to store your shares and securities. 

Before you start trading here are two terms you should understand

Depository