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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.
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