Why do I need a demat account?

asked Thursday, August 9, 2018

The Demat Account is used as a bank where shares bought are deposited in, and where shares sold are taken from. The basic benefit of demat account is that the investor does not have to hold any physical fund certificates when the investment is made.

answered Thursday, August 9, 2018

1 Comments

1. prathamesh punekar

| Link | Sep 4, 2021 6:46:05 PM Reply

Demat account is required for Trading or any kind of investment in stock market.
for further more details about the stock market
go through this link

https://financeera.site/demat_account.html

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More Demat Account Questions...

Is it mandatory to have a demat account to apply in an IPO?
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I do not have a demat account. Can I apply in an IPO?
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What is dematerialisation Process?
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How do I safeguard my Demat Account with Power of Attorney to Broker?
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Should Power of Attorney be printed on the Stamp Paper?
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Can a Broker misuse the Power of Attorney?
Can a Broker withdraw money from my linked bank account using the Power of Attorney I gave?
Can I use Broker Pool Demat Account to keep my share and do not give Power of Attorney?
Can I trade in Futures and Options without Power of Attorney to my Demat account?
My signed Power of Attorney is still in courier. Can I still trade?
How can I get dividends directly to the bank instead of the cheque? Is there any online application?
Can I add another person to my demat account?
Why do I need a demat account?
Is demat account required for SIP?
What is the differences between NSDL and CDSL?
Does any stock broker offer CDSL Easiest facility?
Can I transfer shares from CDSL demat account to NSDL demat account?
What happens if I do not pay AMC for a demat account?
Can I open Demat Account without PAN Card?

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