What is a demat narrative ? and can be used as a stash statement too?
Answers:
With demat justification you can supply or purchase shares, in need witch you cannot. Savings narrative have no relation to it and is different
Demat accounts are for buying and selling of shares. You cannot hold any money transactions within this commentary.
Demat statement is an picture which is held beside any institution which have commentary surrounded by the Indian stock souk. This tale is used to do the transactions beside the stock souk, close to shares, IPOs and mutual funds.
It cannot be used as an hoard reason. Its simply for trading in the Indian stock open market.
You can't use it as in your favour commentary
savings vindication is for keeping/withdrawing money
dmat tale is for keeping/withdrawing shares/securities.
simple. isnt it.
A demat sketch is an side is an article where on earth you can hold your securities within electronic form; i.e. not contained by physical form. A Demat Account can be open next to any of the D.P.(Depository Participant) registered near a Depository. A Demat Account cannot be used as a nest egg reason.
DEMAT is short form of dematerialisation of shares. In demat A/C you can buy and put up for sale the shares surrounded by electronic form. you can't use this A/C as a stash A/C.