The term in India refers to a account for individual Indian citizens to trade in a public entity. In this account transactions are held electronically instead of the investor taking physical possession of certificates. This Account is opened by the the user while registering with an intermediary. The account number is quoted for all transactions to enable electronic settlements of trades to take place. Access to the account requires an internet password and a transaction password as well as initiating and confirming transfers or purchases of securities. Purchases and sales of securities on the account are automatically made once transactions are executed and completed. What Am I talking about ?
A-Demat
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