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DEMAT account is dematerialized account where the shares bought are stored in an electronic format.
<b>de mat a.c. is a dematerialized acct where the shares are stored in electronic formats</b>
Dematerialized account where shares are converted into electronic format and stored in depository.
Shares/ Securities are held in an electronic format in an account named as DEMAT account.
<span style=”color: #222222; font-family: arial, sans-serif;”>Ā anĀ </span><b style=”color: #222222; font-family: arial, sans-serif;”>account</b><span style=”color: #222222; font-family: arial, sans-serif;”>Ā that allows investors to hold their shares in an electronic form and it functions like a bankĀ </span><b style=”color: #222222; font-family: arial, sans-serif;”>account</b><span style=”color: #222222; font-family: arial, sans-serif;”>, where you hold your money and respective entries are done in bank passbook. Similarly, securities too are held in electronic form.</span>
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