CDSL Sets New Record, First Depository To Open 6 Crore Active Demat Accounts, Learn More

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Demat Account: Central Depository Services Limited has set a new record by opening 6 crore (60 million) active demat accounts so far.

Demat Account: During and after the Corona, many people tend to move towards the stock market. During this time many new investors join the stock market and for this they open their new demat account. We tell you that there are currently many online brokerage firms where new investors can easily open their demat account without any paperwork. Although demat accounts are opened under the depository, these include Central Depository Service Limited (CDSL) and National Depository Service Limited (NDSL). Central Depository Services Limited has set a new record by opening 6 crore (60 million) active demat accounts so far. The company said in a press release. Let us tell you that CDSL is the first and only listed depository company to set a record of opening 60 million active demat accounts.

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.