What is DEMAT a/c?

[SRINIDHI NARAYANAN]

My answer is :

DEMAT a/c also known as  “DEMATERIALIZED ” the form where shares are held in a dematerialized form or electronic form instead of keeping them in physical form . There are chances of shares getting destroyed or by natural cause . DEMAT a/c is opened by investor while registering with the investment broker .

 

 

 

 

[Sreejesh]

An account where shares are kept in electronic format stored in NSDL or CDSL

[Gogaya]

Hold Digital form of Share Certificates in the Traders Repository.

[shri hari]

its an electronic space where share certificates are stored.its is nothing but a electronic locker.the two providers of the demat are NSDL & CDSL

[Hema]

The share certificate in DEMAT format has to be stored digitally. The storage place for the digital share certificate is the ‘DEMAT Account’.

Once the trade is executed the shares will be electronically debited from the sellers DEMAT account.

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