What is DEMAT a/c?

[v geetha]

DEMAT a/c (dematerialised a/c} – shares are stored in electronic format

[Christopher]

Demat A/C stands for De-Materialized Account. It’s a account where our stocks bought are stored in e-certificate format.

[clintonfernando]

de-materialized account is offered by the bank with secret internet password and transaction password. Share holders can buy and sell shares using this number..

[EQSIS]

Share cannot be bought or sold using Demat Account, But we need Demat account to Store Share in Electronic Format.

Share are bought and sold using Trading account provided by the Registered Trading Member (Stock Broker)

[Johnson]

<p class=”MsoNormal”><span style=”font-size: 10.5pt; line-height: 107%; font-family: Arial, sans-serif; color: #252525; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;”>In<span class=”apple-converted-space”> </span>India shares </span>and securities are held electronically in a<span class=”apple-converted-space”> </span>dematerialized account, instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an<span class=”apple-converted-space”> investment broker </span>(or sub-broker). The Dematerialized account number is quoted for all transactions to enable electronic settlements of trades to take place. Every shareholder will have a Dematerialized account for the purpose of transacting<span class=”apple-converted-space”> </span><span style=”font-size: 10.5pt; line-height: 107%; font-family: Arial, sans-serif; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;”>shares</span></p>

[Author]

Posts