Two jobs, two accounts
A demat account stores your shares electronically with the depository (NSDL/CDSL). A trading account transacts — it places buy and sell orders on the exchange. You need both, and on ROAR they’re opened together in one application.
How they work together
Money flows from your bank → trading account → exchange to buy. The shares then settle into your demat account. When you sell, shares move out of demat and the money returns via the trading account to your bank.
Do you always need both?
For stocks and ETFs, yes — you need a demat to hold them and a trading account to transact. Mutual funds can be held in statement form without a demat, but a demat lets you hold funds, stocks, ETFs and bonds together.
Frequently asked questions
What is the difference between a demat and trading account?
A demat account holds your securities electronically; a trading account places buy/sell orders on the exchange. You need both, and ROAR opens them together.
Do I need a demat account for mutual funds?
Not necessarily — mutual funds can be held in non-demat (statement) form. But a demat lets you hold funds, stocks, ETFs and bonds in one place.
Can I have a trading account without a demat?
For delivery of shares you need a demat to hold them. They’re opened together on ROAR, so you don’t have to think about it.