Question

Which account is used for dealing Shares ?

• A. Current Account
• B. Savings Account
• C. Demat Account
• D. Fixed Deposit Account

Answer 1

Answer:

C. Demat Account

Demat Account:

• Demat Account means dematerialised account 

• Demat Account is used for dealing Shares

• CASA: Current Account And Savings Account

• These are demand liabilities

• The bank have to maintain 100%. of SLR for maintaining liquidity as per the provisions of RBI.

• The profitability of Banks depends up on the volume of CASA Deposits 

• These are Low Cost Deposits