Demat Account- Definition, Meaning, Example | FindYourAdvocate
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WHAT IS A DEMAT ACCOUNT? You would possibly have heard the word ` Demat Account’ often within side the beyond few years. If you’ve puzzled what's Demat Account, let’s give an explanation for it for you. A Demat Account is a piece like a financial institution account on your proportion certificate and different securities which are held in a digital format. Demat Account is brief for dematerialization account and makes the manner of keeping investments like stocks, bonds, authorities securities, Mutual Funds, Insurance and ETFs easier, doing away the hassles of bodily coping with and preservation of paper stocks and associated documents. To apprehend Demat Account meaning, let’s use an example. Let’s say you need to buy the stocks of Company X. When you purchase the ones stocks, they may need to be transferred for your call. In in advance times, you acquire bodily stocks certificate from the alternate together along with your call on it. This, as you may imagine, concer