Which of the following statements is/are correct about DEMAT account in India?
1
The term ‘DEMAT’ refers to a dematerialised account for individual Indian citizens to trade in listed stocks or debentures in electronic form.
2
A DEMAT account is opened by an investor while registering with an investment broker (or sub-broker).
3
A DEMAT account is a type of saving account offered by all the scheduled banks.
4
Only (a) and (b)
5
Only (a) and (c)