demat account

TS Bhatia (Querist) 17 October 2008 This query is : Resolved
What is demat account ?

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Guest (Expert) 17 October 2008
It is an account that can hold shares of companies in electronic format. Most Banks offer DEMAT facility.

Tribhuwan Pandey (Expert) 17 October 2008
DEMAT is a dematerialized account in which shares are transferred in dematerialized form.

Adv.Shine Thomas (Expert) 18 October 2008
Demat account is just like a bank account where actual money is replaced by shares.

ARVIND JAIN (Expert) 18 October 2008
SHARES CAN BE PURCHED AND SOLD THROUGH DMAT A/C BALANCE SHARES REMAIN IN DMAT A/C LIKE ALL OTHER BANK A/C.

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