Demat Account from Vijay Capitals
DeMat is nothing but a dematerialized account. If one has to save money or make cheque payments, then he/she needs to open a bank account. Similarly, one needs to open a DeMat account if he/she wants to buy or sell stocks. Thus, DeMat account is similar to a bank account where in the actual money is being replaced by shares. In order to open a DeMat account, one needs to approach the Depository Participants [DPs]
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