What is DEMAT a/c?

[canute]

 

Demat Account is a Trading Account wherein we keep the shares in Dematerialized form (Digital Version) rather than a Hard copy, It helps in easy accessibility it is created by a Broker for Trading in Buy & Sell Shares as per the Balance available in our Account.

[Sridhar]

<p style=”margin: 0in 0in 0.0001pt; text-align: justify; line-height: 15pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;”><span style=”font-size: 10.0pt; font-family: ‘Open Sans’,’serif’; mso-bidi-font-family: Arial; color: #4e4e4e;”>DEMAT Account provides the facility of holding shares and securities in electronic format. During online trading, shares are bought and held in a DEMAT account. DEMAT </span><span style=”font-size: 10.5pt; font-family: ‘Open Sans’, serif; color: #4e4e4e; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;”>Account service is provided by depositories such as NSDL and CDSL through</span> Stock Broker.<span class=”apple-converted-space”> </span></p>

[parimal]

It is an electonic form of share storage.i.e. known as dematerialization.CDSL ANDNSDL ARE TWO STORAGE.

[Poojitha Konduru]

A Demat account is an account that needs to be opened and maintained by the buyer and seller or investors to trade shares in the market. A Demat account is facilitated by brokers which helps in storing shares in a dematerialized format, rather than holding them physically.

[Ranjani Arumugam]

Demat = means Materialized.

Earlier shares where stored in their physical form, now a days for ease of  working and for safety, shares are stored electronically. Such  electronic accounts are called Demat accounts.

[Author]

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