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What is a demat account and which regulator governs it in India?
A demat account holds securities in electronic form, eliminating physical share certificates. It is governed by SEBI and operated through depositories NSDL and CDSL.
What is a Recurring Deposit (RD) account offered by banks?
A savings scheme where fixed amounts are deposited monthly for a set tenure.
What is the role of a Depository Participant (DP) in the demat ecosystem?
A Depository Participant is an intermediary (often a bank) registered with NSDL or CDSL that provides demat account services to investors on behalf of the depository.
What is a demand draft and how does it differ from a cheque?
A prepaid negotiable instrument guaranteed by the issuing bank unlike a cheque.
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