Write short notes on: 3. D-mat account

Write short notes on:

3. D-mat account

Answer: 

A D-mat account refers to the account opened for electronic transactions of securities (used for purchase and sale of shares and debentures, futures, options and other securities) and keeping securities in the electronic form instead of in the form of a paper document (physical form). Transactions of a D-mat account are made through an investment broker.

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