What is D-mat account and mid cap?

Demat Account: In India, a demat account, the abbreviation for dematerialized account, is a type of banking account which dematerializes paper-based physical stock (equity) shares. The dematerialized account is used to avoid holding physical equity shares: the equity shares are bought and sold through a stock broker.

This account is popular in India. The Securities and Exchange Board of India (SEBI) mandates a demat account for equity share trading even One equity share. As of April 2006, it became mandatory that any person holding a demat account should posses an Income Tax Permanent Account Number (PAN), and the deadline for submission of PAN details to the depository lapsed on January 2007.

Procedure:

1. Fill demat request form (DRF) (obtained from a depository participant or DP with whom your depository account is opened).
2. Deface the equity share certificate(s) you want to dematerialize by writing across Surrendered for dematerialization.
3. Submit the DRF & equity share certificate(s) to DP. DP would forward them to the issuer / their R&T Agent.
4. After dematerialization, your depository account with your DP would be credited with the dematerialized securities.

The benefits:

- A safe and convenient way to hold securities;
- Immediate transfer of securities;
- No stamp duty on transfer of securities;
- Elimination of risks associated with physical equity share certificates such as bad delivery, fake securities, delays, thefts etc;
- Reduction in paperwork involved in transfer of securities;
- Reduction in transaction cost;
- No odd lot problem, even one equity share can be sold;
- Nomination facility;
- Change in address recorded with DP gets registered with all companies in which investor holds securities electronically eliminating the need to correspond with each of them separately;
- Transmission of securities is done by DP eliminating correspondence with companies;
- Automatic credit into demat account of equity shares, arising out of bonus/split/consolidation/merger etc.
- Holding investments in equity and debt instruments in a single account.

Required Documents:

The extent of documentation required to open a demat account may vary according to your relationship with the institution. If you plan to open a demat account with a bank, a savings account holder has an edge over the non-account holder. In fact, banks usually offer additional incentives to customers who open a demat account with them. Along with the application form, your photographs (with co-applicants) and proof of identity/residence/date of birth have to be submitted. The DPs also ask for a DP-client agreement to be executed on non-judicial stamp paper. Here is a broad list (you wonâ€™t need all of them though):
Income tax PAN card / Voterâ€™s ID / Passport / Ration card / Driverâ€™s license / Photo credit card / Employee ID card / Bank attestation / Income Tax returns / Electricity bill / Landline phone bill

While they only ask for photocopies of the documents, they will need the originals for verification. You will have to submit 8 passport size photographs on which you sign across.

d mat account is for buying and selling of shares
r u the same kashish

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D mat account is shares trading A/C few years ago the materiel (share Certificate)come to the Person by post but the current time the material not come to but is gos to your A/C the Account is cold D Mate A/C but sorry i don't no about the mid cap

it is a account that one ones for the trading of shares with the ise ie indian stock exchange
u can directly apply for a account but u will have to contact a broker for the trading purpose
careful this buisness is veryyyyyyyyy risky

i think these terms r used in share market nd u have to open a d-mat account if u have a inyerest in shares.................

it is account on which the transactions are mainly for shares, shares are transfered here after buying,and many more....
i have one request can you be my friend ,what is your id, my id is [kasu_5000@yahoo.com] please reply me soon,iam online.bye have a good day.

Look at this excellent tutorial here:

Mid cap are shares of companies with medium capitalisation.
Dmat is the share passbook that tells you (1) what shares you hold and (2) where you have got them and (3) to whom you have given them.

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