In India, a demat account, is similar to banking account which transfers paper based physical shares into electronic form (dematerialized). This dematerialized account is used to avoid holding physical shares. It is safe, secure and convenient way to hold securities. Demat account is just like your savings or current Bank A/c. At KMC, we provide demat accounts through CSDL (Central Depository Services (India) Limited). We are member of CDSL
Financial Institutions, banks, custodians and stockbrokers complying with the requirements prescribed by Securities & Exchange Board of India (SEBI) can be registered as a Depository Participant (DP).