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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 .
Dematerialisation (usually known as demat) is converting physical certificates of Securities to electronic form; Rematerialisation, known as remat, is reverse of demat, i.e. getting physical certificates from the electronic securities; Transfer of securities, change of beneficial ownership
In finance and financial law, dematerialization refers to the substitution of paper-form securities by book-entry securities. This is a form of indirect holding system in which an intermediary, such as a broker or central securities depository, or the issuer (e.g., French system) holds a record of the ownership of shares usually in electronic format.
It was established in August 1996 as the first electronic securities depository in India with national coverage. [2] It was established based on a suggestion by a national institution responsible for the economic development of India. At the end of 2023, its demat accounts held assets worth ₹398 Lakh Crore ($4.7 trillion). [3] [4] [5] [6]
The bank could close your account for inactivity and charge a $30 fee, then pay the remaining $470 back to you. Payment typically arrives in the form of a check mailed to the address you have on file.
The company saw its revenue nearly double from $1.1 billion in fiscal 2022 (ended July 31) to $2.2 billion in fiscal 2024. Free cash flow (FCF) did even better, more than doubling from $231.3 ...
CDSL is the largest depository in India in terms of number of demat accounts opened. In February, CDSL became the first depository in India to open 60 million active demat accounts. [ 4 ] As of March 2022, the depository holds assets worth ₹ 37.2 trillion, [ 5 ] with over 580 depository participants associated with CDSL.
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