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Q.

What is the meaning of demat account adn trading account in the share market

Tags: share market, trading account, meaning of demat account adn
Asked by parv sharma, 18 Dec '07 12:33 pm
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Answers (3)

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.
Answered by vamshi krishna, 18 Jan '08 10:55 am

 
  
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2.

Demat is nothing but dematerialised account maintained by the Stock broking agencies, for the purpose of buying and selling of stocks in stock market by the acount holder like maintaining a savings/current account by an individual in a bank.
Answered by Moses Jayakumar, 17 Mar '08 08:48 am

 
  
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3.

CONTACT KOTAK
Answered by PRASOON SMART, 18 Dec '07 12:33 pm

 
  
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