What is a demat account and how does it work?
Mon, Mar 4, 2024 2:36 PM

What is a demat account and how does it work?

A Flip by Shubhangi Gupta
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The term 'Demat' stands for dematerialisation, a process wherein physical securities are transformed into electronic form. Through a demat account, traders can hold, transfer, and transact securities without the need for physical certificates. According to SEBI guidelines, verifying the identity of the applicant is a mandatory requirement during the account opening process.

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