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Q.

I am new to market.I heard about demat account.What is it?I am interested to have one for online trading .Please guide

About: Money

Tags: money, careers, demat account
Asked by Ilyas Mehfooz, 05 Dec '11 12:02 pm
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Answers (3)

1.

To Know the answers of all your questions please visit www.stoxpulse.com
Answered by Anoop Nigam, 13 Dec '11 02:35 pm

 
  
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2.

Pls visit my blog shareways.blogspot.com for full guidance on sharemarket investing.
Answered by Jayaprakash, 12 Dec '11 12:06 am

 
  
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3.

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.
Source: http://www.rediff.com/getahead/2005/jan/31demat.htm
Answered by ABBY shakthi, 05 Dec '11 12:10 pm

 
  
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