Question

What is a benefit of recording a change in address with a Depository Participant (DP)?

a.

Reduced transaction cost

b.

Automatic credit into demat account

c.

Reduced paperwork

d.

Corresponding with each company separately

Answer: (d).Corresponding with each company separately Explanation:Recording a change in address with a DP gets registered with all companies, eliminating the need to correspond with each of them separately.

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Q. What is a benefit of recording a change in address with a Depository Participant (DP)?

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