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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 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’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.
|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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