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What is Demat Account? what is the use of it?
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Answer Posted / 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
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