📝 One-liners · 66 cards
ANCILLARY SERVICES
What is a Demat account used for in banking?
A Demat account (Dematerialised account) holds securities like shares and bonds in electronic form, eliminating physical share certificates. It is maintained by depositories like NSDL and CDSL.
What is a Demat account and why is it essential for trading securities in India?
It holds securities electronically, mandatory for trading on stock exchanges.
Which two depositories operate Demat accounts in India?
NSDL (National Securities Depository Limited) and CDSL (Central Depository Services Limited) are the two depositories that operate Demat accounts in India.
What is a Prepaid Payment Instrument (PPI) as offered by banks?
Pre-loaded card or wallet for purchasing goods, services, or remittances.
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