NSDL Crosses 1 Crore Demat Accounts

Posted In India, Stocks - By NitiN Kumar Jain On Sunday, August 23rd, 2009 With 0 Comments

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Its amazing news …. A lot of us are into the market religiously these days …

I received the following e-mail from the CEO, NSDL.

I am pleased to inform you that NSDL has crossed 1,00,00,000 (one crore) demat accounts. These accounts have more than 80% of securities held in dematerialised form in India, indicating the preference and trust the investors have in maintaining their assets with NSDL. Over the period of last two years, more than 40 lakh new demat accounts were opened with NSDL. NSDL has also been appointed as Central Recordkeeping Agency for the New Pension System of Govt. of India, which has recently become operational for all citizens of the country, apart from Central and State Government employees.

I write this to thank you for your support and good wishes.

Warm regards,

Gagan Rai
Managing Director & CEO
National Securities Depository Ltd. (NSDL)