What is DEMAT a/c?

[gorantla.vinod]

Shares and securities are held electronically in a dematerialized (or “Demat”) account, instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker).

[Navin]

Demat Acc:

A Demat account is a place where a electronic transferred stocks are stored for a temporary of a permanent span of time.

[Divya S]

Demat a/c is opened by investor with the DEPOSITORIES that is either with NSDL or CDSL through an banker or a registered share broker, it is the place where the share certificates of an investor or a trader are stored in a de-materialized form rather than in a physical form. The buying and selling of shares can be done only through a demat account and it contains only securities.

[Maria Alex]

Demat is an abbreviation for DeMaterialized, which is an account to hold the share certificates electronically with any of the DEPOSITORIES. This will hold only security e certificates not money.

[chemmalar]

demat account opened for the purpose of transacting the shares.broker help the investors to open the demat  a/c.shres are converted into electronic format and it is stored in nsdl & csdl.

[Author]

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