Question
Explain the working of a Demat Account.

Answer

The working of a Demat Account is stated in the points below:
  1. The Depository Participant (DP) either a bank, broker or financial services company may be identified.
  2. An account opening form is filled giving details of PAN Card, photograph and power of attorney.
  3. The physical certificate is to be given to the DP alongwith a dematerialisation request form.

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