Question

Write short note on D-mat account.

Answer 1

Answer:

As per the question

D -mat account :

In India's banking terminology, the term D-mat refers to a deposit made at a n Indian financial institution that can be used for investing in shares of stocks and other financial assets. Securities are held electronically in a D-mat account, thereby eliminating the need for physical paper certifications

It is similar to a bank account where actual money is replaced by shares.