DP (Depository Participants) Account

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I will share some of the details about DP account in this Discussion. Usages of DP Account : You can Buy and Sell the Shares using the DP account. Who will Open DP account : Any bank and any Share brokers can eligible to open a DP account for any individual. Basic Documents needed to open the DP Account : Pan Card, Valid Address and ID proof, Bank account Details with copy of the Passbook. DP account will act as a your regular Saving Account, if you buy the shares, your money will get debited from your cash account (Bank account) and the Shares will get credited to your DP Account, vise versa, when you sell the shares, your shares will go out from your DP account and the respective money will get credited to your Cash account (Bank account).