What is DEMAT a/c?

[Aravind S]

<span style=”color: #222222; font-family: sans-serif; font-size: 14px;”>In </span>India<span style=”color: #222222; font-family: sans-serif; font-size: 14px;”>, </span>shares<span style=”color: #222222; font-family: sans-serif; font-size: 14px;”> and securities are held electronically in a </span>dematerialized<span style=”color: #222222; font-family: sans-serif; font-size: 14px;”>  “Demat”</span><span style=”color: #222222; font-family: sans-serif; font-size: 14px;”> account, instead of the investor taking physical possession of certificates. </span>

[Vimal Kumar]

DEMAT stands for DE-MATERIALIZED.

Earlier the share holders where given certificates. Now, its stored in an electronic formats. CSDL & NSDL are the two entities that stores the De-materialized shares.

[Angelin Monica]

Demat account is a place where the shares we buy or sell are stored in NSDL or CSDL in a dematerialized format.

[Rahul]

Demat is the electronic locker to store the shares owned by share holders.its just like saving account.in saving account we store money in demat we store shares purchased.NSDL and CDSL are two depositeris in india.demat means dematerialisation of physical share in electronic fromat.

[Denis]

DEMAT account is similar to our bank locker where else the Share we brought from share market are stored as electronic format in CSDL or NSDL.

[Author]

Posts