What is meaning of demet account?

Question

What is meaning of demet account?

Answer 1

It's a demat account, that is a dematerialised account.

It is a type of banking account which does not use paper-based physical stock shares. The demat account is used to avoid holding physical shares: the shares are bought and sold through a stock broker.

Hence the name "dematerialized" since there are no physical/material assets.

You can find more info here: http://en.wikipedia.org/wiki/Demat_accou...