Demat Account: Central Depository Services Limited has set a new record by opening 6 crore (60 million) active demat accounts so far.
Thanks to investors
Speaking of CDSL’s shareholders, it mainly includes BSE, Standard Chartered Bank, PPFAS Mutual Fund, HDFC Bank and LIC. “We especially want to thank the investors who have placed their trust in us,” said Nehal Bora, MD and CEO, CDSL. “With the help of our digital services, we will take steps to make every investor a self-reliant investor,” he said.
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CDSL and its affiliates provide this service
CDSL Ventures Limited
It is a subsidiary of CDSL and is the first and largest KYC registration agency in the country. The company, in partnership with AMFI, designs and implements the KRA (KYC Registration Agency) system for mutual funds.
CDSL Insurance Repository Limited
CDSL IR has received a certificate of registration from the Insurance Regulatory and Development Authority of the country (IRDAI), which enables the company to operate as an insurance repository under the guidelines.
CDSL Commodity Repository Limited
This facility allows farmers, farmer producing companies and manufacturers to keep electronic warehouse receipts in demat accounts. Instead of these receipts, any product can be deposited.