9 Points
Joined October 2022
Many people mistake a demat account and a trading account accounts as one and the same. However, that is not the case, and there is a clear difference between demat and trading account. If you wish to invest in the stock market, you will require both accounts since both accounts serve a specific purpose. You require a demat account to hold or store the shares you purchase electronically. On the other hand, you need a trading account to buy and sell shares. You can open both accounts simultaneously with SEBI (Securities and Exchange Board of India), a registered broker like IIFL Securities. Moreover, a broker like IIFL lets you open both accounts for free.
https://www.indiainfoline.com/knowledge-center/demat-account/what-is-a-demat-account