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What is RMoney Demat Account and What is RMoney Trading Account?

Post Date : November 23, 2022

Often used interchangeably, a Demat and a Trading Account hold different purposes, however, they are closely related to each other.

RMONEY DEMAT ACCOUNT

RMoney Demat Account is the one that allows you to hold your shares in a electronic format. RMoney’s Demat Account converts physical shares into electronic format thus dematerializing them. A Demat Account works just like a bank account but debits and credits securities instead of cash. You need not have shares in order to open a Demat Account.

RMONEY TRADING ACCOUNT

RMoney’s Trading Account allows you to conduct stock trading activities. You can trade your electronic shares through a special account known as trading account only. Once you register with RMoney for a Trading Account, you get a unique Trading ID that allows you to carry out trading transactions.

Difference Between RMoney Demat and RMoney Trading Account

RMONEY DEMAT ACCOUNT RMONEY TRADING ACCOUNT
RMoney Demat Account is required to hold your securities in electronic format RMoney Trading Account helps you place buy and sell orders in the stock market
RMoney Demat Account is provided by DP (Depository Participant) registered with the Depository RMoney Trading Account is offered by RMoney post registering with the Exchanges
RMoney’s Demat Account has a unique 16 digits Demat Account Number that helps find out Demat Account Holder RMoney’s Trading Account comes with a unique Trading Number which is used to trade in the Indian stock market
RMoney Demat Account holds investors’ shares while trading RMoney Trading Account allows you to carry out trading transactions

 

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