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Dmat account is needed only for OT. You don't need to have such account if you want to put the shares in BT. But it's good to have dmat account so that you can send for OT as and when you needed it. I opened Dmat account today at Ace capital.

I bought 100units of NBB bank on 14th Aswin,but I dont have D-mat account.In fact I have no idea about Dmat Account.Broker also said anything about it.If D-mat account was necessary why broker did not say anything about it?what happens in such condition please reply kidly

perfectly right relateji, but i was making clearly what rameshji was asking and was confused about.......so it's better to open account to get updated.

Sameer ji, yes you can buy shares in BT and Dmat account is needed only if you need to send to for OT. But since, book close dates of commercial banks and others are being announced, its for sure that the buyers will need to send it for OT, for which Dmat account is compulsory. For instance, the buyers of investment bank shares yesterday need to open Dmat account immediately since they need to send it for OT. Similarly, from kartik not only shares of commercial banks but also the shares of other listed companies will be traded in the Dmat form. And then what? We always have this tendency to wait till the last moment. Why so? Yes, there is the saying, Better late than never. But isn't that "Early the best"

yes you can buy in BT,
but as per manual you have to open DMAT account within 3 days and
process for transfer to dmat account.

ramesh ji plz read this properly as it has written and i have no confusion u can also ask the broker that u can buy in bt there is no problem

no Rameshji i am telling u that u can buy in DP of commercial bank as well as i buyed commercial bank yesterday as well but i don't have any Dmat a/c.

Sameer ji,
U are wrong. If u Buy commercial bank's share u should compulsory open Dmat account. U can't take in BT. it's compulsory to demilitarize. after kartik 6, BT system only for sale not for buy for all share.

Sameer ji, from my understanding, I think you can sell your paper shares/ BT shares but in order for you to buy, you need a demat account.

There is nothing to rush.....yes we need to open Dmat a/c but we can buy in BT now as well like before.
There is no dmat a/c needed to buy in BT.
When u want to send it for Name Transfer then only Dmat is needed
So all investors can buy shares without Dmat as well.
Thank you!!!

There are very limited investors who have opened Dmat account. This shows that there are very very limited buyers and who do you think they are?? Which of course means that the bargaining power of buyers will be very very high as there are whole lot of sellers. So if this situation is to continue, I believe, all the investors in this forum can just imagine the situation up front. So I request all the investors to open dmat account today itself. We say, these large investors, brokers and other vested groups are taking undue advantage over small investors. And, ultimately when time comes to tackle such interests, we small investors are the ones who are hesitating. Why so??? If you think that you can at least sell ur stocks, even if you do not open dmat account, then my friends I say you are totally mistaken. Even though the law allows, the market doesn't. And even if you managed to, at what price???
So I urge all the small investors, not to just wait and watch the market and placing selling orders expecting it will be sold in a day or few, but to hold all your stocks, get up and rush to DPs to open BO accounts.
I have already opened and obtained my BO ID.