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What is meaning of demet account?

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What is meaning of demet account?

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  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...

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