What is DEMAT a/c?

[P.PAULRAJ]

DEMAT A/C: Investors all shares are holds in electronic form .

[Ganesh Ramanan]

DMAT a/c is De materialized account

It is a storage device (example:harddisk) which stores the shares bought by the trader in electronic format

Earlier stocks were maintained in physical storage (example:certificate,papers etc.,), now its moved to electronic format

 

NSDL (National Securities Depositories Limited) / CDSL (Central Depository Services Limited) are the depositories in India

One more information, SEBI provides free DMAT account (Basic Services Demat Account) if the transaction limit is up to 50k, if its 50k to 2L yearly account holders have to pay  fee 100k, duplicate BSDA accounts are not allowed by SEBI its now tracked to PAN

[Venkatesh PG]

A Demat a/c is an account where the shares traded are stored(ONLINE a/c for holding shares). For any shareholder it is necessary to hold a demat a/c and a trading a/c so as to buy, sell and hold his/her shares.

[@AshokA]

Account which is used for trading the shares electronically is called DEMAT a/c..

[AMARNATH]

Demat account where Shares /Securities of Investors & Traders are held in electronic form. You can transact through demat account buy or sell.

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