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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.

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14y ago

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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


What is dmat account?

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 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.


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


What is the need for using account opening form in banks?

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Which banks in Georgia have the highest rate for opening a checking account Do any of them have tax free products ?

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