A demat account is required when you need to invest in shares electronically. Any Stock that you purchase through your broker will be placed in your demat account. Most brokers charge you account opening charges and an annual demat maintenance fee to keep your account active.
If however you don’t intend to purchase any shares in the long term and wish to only trade in Futures and Options or intraday stocks you don’t need a Demat Account. A simple trading account will suffice.
With Upstox you can open a demat account or a trading account online in minutes. It’s easy and seamless. Just follow the link, fill up your details and your account will be opened free of charge.