Dematerialization is the procedure wherein the physical share certificates are converted to a digital form. To hold investments in an electronic mode, you need to open a dematerialization account with a Depository Participant (DP).
The primary objective of digitalization is to enable you to hold your investments in a digital form. It is more convenient and secure because there is no risk of damage or loss that is associated with the physical holdings.
Features of a dematerialization account
You may open a demat account with a DP either in a single name or as a joint account. However, this account can...