What is the difference between a demat account & a trading account?

Demat account is like bank’s saving account, demat account is used only for depositing shares. We use trading account to buy and sell shares on stock exchanges.

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I do only intraday trades, do I still need to open a demat account?

If you are trading in equity segment, it is mandatory to have a DP demat account. If you are trading only in F&O, demat account is not required.

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