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A DEMAT stands for a De-Materialized account. This is a special type of account that is required in India to trade in the Indian stock exchanges NSE and BSE. There are many banks like ICICI, HDFC etc that offer DEMAT accounts to citizens of India.

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6mo ago

DMAT account stands for Demat Account. It is an electronic account used to hold and trade securities in electronic format. It eliminates the need for physical certificates and enables investors to buy, sell, and transfer securities electronically. DMAT accounts are widely used in India for trading and storing securities such as stocks, bonds, mutual funds, and other financial instruments.

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Q: What is dmat account?
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Can any person open more than one Dmat account?

you can have as many dmat accounts as u want there is absolutely no restriction on number of dmat account u can open. but only one account per dmat service provider, for example if u have a dmat account in hdfc band under name of , say, mr s k narula, u cant open second account with same name in hdfc bank. but go ahead and open another dmat account in same name in , say, axis bank


How do you close demat account?

Hi, Go to Bank with a written application for closure of DMAT account.....also mention Client ID in the application.....They shd close ur DMAT account.... Thanks


How do you close sbi demat account?

Hi, Go to Bank with a written application for closure of DMAT account.....also mention Client ID in the application.....They shd close ur DMAT account.... Thanks


Can you tell me the time to open an dmat account?

Hi, First of all, it;s good u r interested to know about Dmat account at right time.Dmat account can be opened within 5days, provided all the required documents. For better clarity u can mail to snsanthosh_111@yahoo.co.in Cheers, Santhosh


Which banks are opening dmat account?

A Demat account is one in which customers hold shares and other securities in electronic or de-materialized format. A Demat account is a mandatory requirement these days to trade in shares in India. ICICI, HDFC, SBI, Reliance etc. are all leading Demat account providers in India.


What is DMAT?

A DEMAT stands for a De-Materialized account. This is a special type of account that is required in India to trade in the Indian stock exchanges NSE and BSE. There are many banks like ICICI, HDFC etc that offer DEMAT accounts to citizens of India.


What is tax saving IFCI Infrastructure Bond?

IFCI Infrastructure Bond Series II are tax free bonds. Investment in IFCI infra bond is tax exempt upto a maximum limit of Rs 20,000 under section 80CCF of Income Tax Act. This exemption is over and above Rs One Lakh exemption under section 80C of Income Tax Act.This bond is just like a bank FD. The interest rate is 8.25%. If you add the benefit of tax exemption the effective interest rate becomes 14.25% (If you are in 30% tax slab). This is also a good investment to diversify your portfolio.The issue is closing on 31st December. Investors with DMAT account can buy online. Investors who do not have DMAT account can invest by first downloading the application form from ifciltd.com


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Drawings Account is a Temporary Account


Is capital account is real account or nominal account?

Real Account