D Mat

This query is : Resolved

Pallavi Jain (Querist)
Follow

07 January 2010 I want to open D MAT account..... is their any need to maintain minimum balance in that account... If yes, How much??
How Intra day transaction are made in that account?

Pawan Periwal

Pawan Periwal (Expert)
Follow

07 January 2010 Hi Pallavi

It is same as your bank account..however herein you deposit your share.

It means Holding the share in electronic format.

There is no need to maintain the minimum balance as you you can sell all of your shares..

Intra day transaction does not come under the purview of DMat...only the net position comes..

Thanks and Regards
CA Pawan Periwal
9471712220

Pallavi Jain

Pallavi Jain (Querist)
Follow

11 January 2010