What is Demat Account? what is the use of it?




Answers were Sorted based on User's Feedback



What is Demat Account? what is the use of it?..

Answer / sravan chary

Demat means Dematerialisation of share, in simple it is an
accoutn with which a person can trade in security market
without which a person cannot buy or sell any share in
security market.

Is This Answer Correct ?    53 Yes 8 No

What is Demat Account? what is the use of it?..

Answer / pranjal

Demat a/c is an account which only creat for share trading.
It is basicaly use for share trading transaction from which
you can get security to your each transaction.

Is This Answer Correct ?    44 Yes 11 No

What is Demat Account? what is the use of it?..

Answer / jitendra kumar

Demat refers to dematerialised account, it can be open with
any authorised Depository Participants. Demat turns security
into electronic form to make it tradable online. However, It
is not mandatory to have a demat a/c for buying and selling
of securities, SEBI allows invester to purchase upto 500
shares without having Demat account.
But having a Demat account is always good for investor
because it minimize the transaction time and provide safety
from loss and theft of shares.

Is This Answer Correct ?    29 Yes 4 No




What is Demat Account? what is the use of it?..

Answer / vidyadhar

Demat account is like an bank account, but in bank account
we keep, Fund for security and in Demat account we keep
shares for security.It is mandatory for Equity market.Even
though it is not mandatory for commodity market, but having
an Demat account for the investors is very good for their
securitys of shares.

Is This Answer Correct ?    17 Yes 2 No

What is Demat Account? what is the use of it?..

Answer / ravi 9986288362

demat is meant for dematerised account where the trading of
shares taken place in electronoicall manner which enables
the investors to over come the problem of loss of
shares,theft etc...........and it speed up the transaction

Is This Answer Correct ?    19 Yes 6 No

What is Demat Account? what is the use of it?..

Answer / priyanka singh

Demat account i.e demateralisations account is the
conversion of shares from physical form into electronic form.
it is used for share trading purposes which are kept in
electronic form

Is This Answer Correct ?    7 Yes 2 No

What is Demat Account? what is the use of it?..

Answer / chintan l. pasad

It has a broader scope and is just not restricted to shares.....it could include commodities, forex transactions, etc.

Is This Answer Correct ?    8 Yes 4 No

What is Demat Account? what is the use of it?..

Answer / samantha001

A Demat account is something like a bank account, except the fact that here you store your shares instead of money. It is a store house for all the entities you buy through your trading account. Opening a demat account has become really easy these days as well. Some stock broking companies even open it within few hours. Attaching a link for your reference.
www.adigitalblogger.com/trading/steps-how-to-open-a-demat-account/

Is This Answer Correct ?    2 Yes 0 No

What is Demat Account? what is the use of it?..

Answer / satish

demat is meant for dematerised account where the trading of
shares taken place in electronical manner.
I found more information at

http://theindianstockbrokers.com/what-is-a-demat-account-and-how-to-open-it/

Is This Answer Correct ?    0 Yes 1 No

What is Demat Account? what is the use of it?..

Answer / akajay201988

A demat account is used for holding securities in the electronic format, after they are purchased or dematerialized. It is provided by two depositories – NSDL and CDSL respectively. Read more about the working, functions, and use of demat account here: http://www.angelbroking.com/demat-account

Is This Answer Correct ?    0 Yes 1 No

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