TRADING ACCOUNT
Trade is the buying and selling of shares
The ways of buying and selling the shares are through (IPO'S TRANSACTIONS)
To invest in share one must have a trading account
DEMAT ACCOUNT
Demat is known as dematerialisation account, and it is maintained in an electronic form of holding the shares. Demat account started because to make things faster.
Exchange / broker
Before dematerialization, shares are maintained as paper certificates the problem with that was its lost easily and loss due to communication problems.
UNIQUE ACCOUNT
Unique a/c is nothing but a savings account
Demat account can be opened n number of times but it must be multiple accounts in same company i.e. primary holder, 2nd applicant 3rd applicant and demat is only for shares.
BANK ACCOUNT
A bank account is a financial account between a bank customer and a financial institution. A bank account can be a deposit account, a credit card, or any other type of account offered by a financial institution.
Trade is the buying and selling of shares
The ways of buying and selling the shares are through (IPO'S TRANSACTIONS)
To invest in share one must have a trading account
- Trading account is the Linker between Bank account and a Demat account
- Cash transaction can be done through trading account, (from Bank account to trading account and from trading account back to bank account).
- Delivery instruction slip can be obtained Online / offline
DEMAT ACCOUNT
Demat is known as dematerialisation account, and it is maintained in an electronic form of holding the shares. Demat account started because to make things faster.
Exchange / broker
Before dematerialization, shares are maintained as paper certificates the problem with that was its lost easily and loss due to communication problems.
UNIQUE ACCOUNT
Unique a/c is nothing but a savings account
Demat account can be opened n number of times but it must be multiple accounts in same company i.e. primary holder, 2nd applicant 3rd applicant and demat is only for shares.
BANK ACCOUNT
A bank account is a financial account between a bank customer and a financial institution. A bank account can be a deposit account, a credit card, or any other type of account offered by a financial institution.
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