Informative report of demat account presentation of data and information
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Secondary School English 5 points
Presentation of data and information of demat acconut
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Demat means the preservation of physical securities into electronic form.
It is a process where the securities like debentures, shares are converted into electronic data.
These data are stored in a computer depository. In India, there are two types of depository. Ther are NSDL and CDSL.
A demat account can be formed by through the help of the following steps:
• You should pick a stockbroker or The DP.
• Fill up the registration form and attach necessary documents. The signing of a POA document is also required here.
• Once the documents are dispatched the stockbroker will perform an in-person verification
• In the final step, the stockbroker will verify all the details and will create the client ID and account number for you