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Showing posts from November, 2018

What are DEMAT and Trading Account?, Why these use in Trading ?

Hello friend, I am Arpit your friend. Today I going to show you what is demat and trading account, why these accounts are required to do a trade, Friends whenever you want to invest in the stock market you need demat account. The demat account is like a bank account, the only difference is that there is a transaction of money in the bank account. Whereas shares are traded in a demat account. Just like money are safe in the bank account, shares are safe in the demat account. To invest in the share market, demat account is required, Apart from the shares in demat accounts, mutual fund units, debentures, bonds, and government securities can also be held. The demat account is also called Beneficial Owner or BO. The demat account opens by the bank, broker or financial institution. SEBI has approved 2 depository NSDL and CDSL for Demat Account. There are several Depository Participants (DPs) below NSDL and CDSL. The DP should be registered with one of these depositories. Th...