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A demat account is an Indian term for a dematerialized account that holds financial securities (equity or debt) digitally for traded shares in the share market. In India, demat accounts are maintained by two depository organizations: the National Securities Depository Limited and the Central Depository Services Limited .
A demat account is opened on the same lines as that of a Bank Account. Prescribed Account opening forms are available with the DP, needs to be filled in. Standard Agreements are to be signed by the Client and the DP, which details the rights and obligations of both parties.
IOB may stand for: Indian Overseas Bank, a public sector bank in India; Input/Output Block, see Execute Channel Program; Inside Outside Beginning, a file representation format for tagging tokens; Institute of Development Policy and Management, Instituut voor Ontwikkelingsbeleid en -beheer (University of Antwerp, Belgium)
2015-IOB started migration from its in-house CBS platform to Finacle. January 2016- All branches migrated from in house CBS platform "CROWN" to FINACLE. [5] February 2024- On Friday, February 2, 2024, Indian Overseas Bank (IOB) reached a noteworthy milestone by being the fifth public sector lender to reach ₹1 lakh crore in market ...
It has established a state-of-the-art infrastructure that handles most of the securities held and settled in de-materialized form in the Indian securities markets. [6] Securities are held in depository accounts, which are similar to holding funds in bank accounts. Transfer of ownership of securities is done through simple account transfers.
Inter-connected Stock Exchange Ltd. (ISE) is an Indian national-level stock exchange.under the ownership of Ministry of Finance, Government of India.It is responsible for providing trading, clearing, settlement, risk management and surveillance support to its trading members.
Another similar format which is widely used is IOB2 format, which is the same as the IOB format except that the B- tag is used in the beginning of every chunk (i.e. all chunks start with the B- tag). A readable introduction to entity tagging is given in Bob Carpenter's blog post, "Coding Chunkers as Taggers". [3] An example with IOB format:
This started September, 1988. However, the option for delivering shares either in physical or demat form started in November 1998. [citation needed] DSE initialised its Rs. 1.25 billion Trade Guarantee Fund on 27 July 1998. TGF guarantees all the transactions of the DSE interse through the stock exchange. If a member fails to honour the ...