Demat Account is given to the Investor while registering with broker or sub broker. Demat Account is provided with an Account number. This Account would be used for all the transactions later on. Demat Account is used to keep the shares safe which we bought in the Exchange (BSE or NSE). In earlier days before the commencement of Demat Account investors were given relevant Documents for the shares they bought. And those documents (or) materials had to be kept safe with so much care. These documents had to be given to the buyer when selling. (more…)
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