You can hold your financial products electronically with a demat account, which is an account.
Your shares are kept in a demat account, same as your money is kept in a savings account.
It is significant to remember that, as an investor, you require a demat account in order to
trade on the stock market. You can store the certificates for all of your financial assets,
including mutual funds, exchange-traded funds (ETFs), shares, and bonds, online when you have a
demat account.
In India, there are essentially three different kinds of Demat accounts. As follows:
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NRIs (non-resident Indians) who want to invest in the Indian stock market can benefit from using this Demat account. An NRE bank account must be linked to this account. It can also have joint holders, who must be Indian citizens, much like a conventional Demat account..
Depository institutions such as the National Securities Depository Limited (NSDL) & Central Depository Services (India) Ltd (CDSL) are providing this Demat account for Indian nationals through intermediaries, stockbrokers, etc.
Also available to non-resident Indians is this Demat account. However, this account does not allow for international money transfers. NRIs can simply manage their finances with this account, which needs an associated NRO bank account.