Demat account in Tamil
Definition:
A Demat account (Dematerialized account) is a secure account used to hold and manage shares, debentures, bonds, Initial Public Offers (IPOs), and mutual funds that are not in physical form. In a Demat account, the securities are held electronically, eliminating the need for physical certificates.
Here’s a breakdown of what a Demat account offers:
1. **Security**: Demat accounts are insured, ensuring the safety of your investments from the risk of theft, loss, or damage.
2. **Convenience**: You can easily buy, sell, or hold multiple securities in one account, making it a convenient way to manage your investments.
3. **Paperless transactions**: Demat accounts allow for electronic transactions, reducing paperwork and making it easier to keep track of your investments.
4. **Efficient**: Demat accounts enable quick settlement of transactions, typically within a few days, eliminating the need for physical certificates to be issued and returned.
5. **Portfolio management**: You can monitor and manage your portfolio easily, as all your securities are stored in a single account.
To open a Demat account, you need to contact a registered depository participant (DP), such as a brokerage firm, bank, or financial institution. They will guide you through the account opening process, which typically involves providing identification documents, choosing a username and password, and setting up a user profile.
Once your Demat account is opened, you can start buying, selling, and holding securities electronically.
Translation of ‘Demat account ‘ in Tamil:
டிமேட் கணக்கு
Examples:
- Here are three unique example sentences using the word ‘Demat account’:
- 1. After opening a Demat account with the popular brokerage firm, Rohan was excited to start trading in the stock market and monitor his portfolio’s performance.
- 2. Due to the rise in popularity of online trading, more individuals are opting for Demat accounts to buy, sell, and hold securities in a secure and Convenient manner.
Synonyms:
without the need for physical certificates. Here are some synonyms for the term “Demat account” :
1. Trading account
2. Securities account
3. Financial account
4. Online trading account
5. Brokerage account
6. Trading portfolio
7. Investment account
8. Electronic trading account
9. paperless account
10. Custodial account
Note that while these terms may be related to a Demat account, they may not be exact synonyms. A Demat account is a specific type of account that is designed for holding and trading securities in electronic form, A “Demat account” is a type of account that allows investors to hold, and trade securities in a dematerialized form, whereas other accounts may be used for other purposes, manage, such as holding cash or other financial instruments.
Antonyms:
and transactions are settled in cash.
3. Offline Account: This could refer to a physical location where securities are stored and traded, bonds, as opposed to a demat account which holds securities in an electronic form.
4. Non-Electronic Account: This is a broad antonym that refers to any type of account that does not use electronic methods for holding or trading securities.
5. Manual Account: A manual account is one that relies on manual processes and paperwork for transactions, and mutual funds in a dematerialized form, as opposed to a demat account which automates many processes.
Note that these antonyms are not exact opposites, which are the primary differences between a Demat account and other types of accounts., A Demat account is a type of account used to hold financial securities such as shares, but they all convey a sense of physicality, or non-electronic methods, manual processes, meaning they are not physical certificates but electronic records. Here are some antonyms for the word “Demat account”:
1. Physical Certificate: This refers to the traditional method of holding securities where shareholders receive physical certificates representing their ownership.
2. Cash Account: A cash account is a type of account where securities are not held
Related Words: