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ajay a kumar


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Question { India Infoline, 25432 }

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


Answer

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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