In this post you will know what Demat account is and its benefits.
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The need to create a demat account is generally required when securities are held digitally and traded in the stock market
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The responsibility of demat accounts in India lies entirely with these two institutions, National Securities Depository Ltd and Central Depository Services Limited
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Demat account is also known as dematerialized account and it helps in holding other securities and shares in digital form
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The account in which electronic copies of equity related transactions done by you are kept is called Demat account
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Demat account is created for the purpose of facilitating transactions in share market so that you can easily exchange shares while trading online
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A Demat Account Officer's demat account holds all the funds of Mutual Funds, Bonds, Exchange Traded Funds, Share and Government Securities
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All the assets are collected in one place, which is beneficial at the time of tax and you will be able to check any of your assets easily
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The biggest feature of this account is that you can transfer any of your assets from one place to another easily with security
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After the creation of a demat account, the mistakes in the transactions will also be reduced and there will be no risk of theft of lions and other assets
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