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
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.
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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