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Q.

What is called by Demat Account?

Asked by Sankar, 02 Jun '09 06:44 pm
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Answers (9)

1.

Demat is short form for Dematerialisation. Shares in physical form are demateriaslised and are kept in your account (like a bank account). You can add shares or remove them and sell them, without the hassles of a physical transfer or misplacing them etc.
Answered by Venkateswaraswamy Swarna, 02 Jun '09 06:47 pm

 
  
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2.

In India, a demat account, the abbreviation for dematerialised account, is a type of banking account which dematerializes paper-based physical stock shares. The dematerialised account is used to avoid holding physical shares: the shares are bought and sold through a stock broker.

This account is popular in India. The Securities and Exchange Board of India (SEBI) mandates a demat account for share trading above 500 shares. As of April 2006, it became mandatory that any person holding a demat account should possess a Permanent Account Number (PAN), and the deadline for submission of PAN details to the depository lapsed on January 2007.

Procedure

1.Fill demat request form (DRF) (obtained from a depository participant or DP with whom your depository account is opened).
2.Deface the share certificate(s) you want to dematerialise by writing across Surrendered for dematerialisation.
3.Submit the DRF & share certificate(s) to DP. DP would forward them to the issuer / their R&T Agent ...more
Answered by kyatam vinamrath kumar, 03 Jun '09 04:49 pm

 
  
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3.

Demat Account, is the abbreviation for Dematerialised Account, is a type of banking account which dematerializes paper-based physical shares. The dematerialised account is used to avoid holding physical shares: This account is popular in India. The Securities and Exchange Board of India (SEBI) mandates a demat account for share trading above 500 shares.
Answered by Anil K Chugh, 02 Jun '09 06:48 pm

 
  
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4.

Account ininternet of banking sytem to enable to transact share stocks on personla pc without meeting the buyer or seller
Answered by Dinesh C S, 03 Jun '09 05:22 pm

 
  
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5.

It is a type of account used for online trading
Answered by ruthwick, 03 Jun '09 05:23 pm

 
  
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6.

Physical shares converted to electronic format is called a Demat account.
Answered by gem mina, 02 Jun '09 06:45 pm

 
  
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7.

It is type of bank a/c where your shares are kept. As physical or paper based shares are no longer in use.
Answered by ram kishore rathi, 07 Jun '09 06:49 pm

 
  
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8.

Demat a/c is shear holding not baying not selling.
Answered by vikrant mhatre, 06 Jun '09 09:48 am

 
  
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9.

ITs an account which can make you rich if you act smart or make you begger if you do not act smart.
Answered by jat kr, 03 Jun '09 02:53 pm

 
  
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DMat account is not like the bank account wherein U need to maintain a minimum balance. But it various from firm to firm. ICICI needs min. of Rs. 5000..more

Answered by Jairam Kshirasagar