How is a depository similar to a bank?

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A Depository compares to a bank in the following ways;

Bank Vs Depository

Bank	Depository
Holds money in a bank account	Holds financial securities like shares, debentures, mutual funds in a demat account
Enables fund transfers between bank accounts as requested by the account holder	Enables securities transfers between demat accounts as requested by the demat account holders
Eliminates the need to physically handle money	Eliminates the need to physically handle security certificates

Topic: Depository Defenition

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