Skip to main content
Commodity

Beneficiary Account

A beneficiary account, much like a bank account, is a Demat account that can be held by an individual or a corporate entity. It can also be held jointly by multiple parties, such as a partnership firm, society, or trust. The purpose of this account is to facilitate transactions in commodity balances stored at accredited warehouses by the account holder. These balances, usually represented by a warehouse receipt, are part of a physical process.

Related terms

Close out price

Understand the meaning and definition of Close out price in the context of stock market, trading, and investments.

MORE
Commodity Exchange

Understand the meaning and definition of Commodity Exchange in the context of stock market, trading, and investments.

MORE
IFFCO

Understand the meaning and definition of IFFCO in the context of stock market, trading, and investments.

MORE
Invisible Supply

Understand the meaning and definition of Invisible Supply in the context of stock market, trading, and investments.

MORE
FCI

Understand the meaning and definition of FCI in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91