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What is DEMAT a/c?
It is mandatory to have an Demat account to trade securities online, Shares and securities are held in dematerialized form in Demat account.
In India, shares and securities are held electronically in a dematerialized or Demat account, instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker.
DEMAT is the online stock trading account, in which the shares will be stored in dematerialized format.
in india shares are electronically being held in a dematerialised format. it is mandatory for every share holder to have a demat account with his broker.
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