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Q.

What is the use of a demat acc if i have acc with icici direct or sharekhan?

Tags: icici direct, demat acc
Asked by gautham duggirala, 09 Aug '09 10:37 pm
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Answers (5)

1.

Demat refers to a dematerialised account.

Just as you have to open an account with a bank if you want to save your money, make cheque payments etc, you need to open a demat account if you want to buy or sell stocks.

So it is just like a bank account where actual money is replaced by shares.

You have to approach the DPs (remember, they are like bank branches), to open your demat account.

Let's say your portfolio of shares looks like this: 40 of Infosys, 25 of Wipro, 45 of HLL and 100 of ACC.
...more
Answered by anantharaman, 10 Aug '09 02:47 am

 
  
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2.

My dear friend, just as u have money in your ICICI Bank a/c, your shares lie in Demat account with a DP, such as Sharekhan, Indiainfo etc. The plus factor in having a account at ICICI is you get instant credit / debit for your trading activities i n your ICICi a/c, instead the usual cheque form. All best days, ahead my dear dhosth
Answered by govindarao krishna murthy, 10 Aug '09 05:08 pm

 
  
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3.

No use.
Answered by Nachiket, 11 Aug '09 01:59 pm

 
  
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4.

U can do on line share purachase and sales
Answered by Dinesh C S, 10 Aug '09 05:28 pm

 
  
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5.

There are two option .1. While you purchase stocks , you can keep the stocks in brooker's pool.You will get all the dividend/bonus which will be reflected in the daily ledger given by the broker.
2.you can also keep the share to your demat. while selling you have to pay some charges like rs.10/- per transaction.The dividend etc will come to you in form of DD at your address provided in demat
Answered by Santonu Borpuzari, 09 Aug '09 10:46 pm

 
  
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