What is Demat Account?

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

Priyanka Trainee Asked on February 27, 2015 in Financial Planning.
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Demat account, the abbreviation for de-materialised account, is a type of banking account which de -materializes  paper-based physical stock shares. Demat account is an account wherein you can hold shares of various companies in the de-materialised (electronic) form.

The dematerialised account is used to avoid holding physical shares.

CA Ritika Mittal Accountant Answered on February 28, 2015.
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