×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

NSDL crosses 10 mn demat accounts

NSDL crosses 10 mn demat accounts
PTI
Comment E-mail Print Share
First Published: Wed, Aug 19 2009. 04 54 PM IST
Updated: Wed, Aug 19 2009. 04 54 PM IST
Mumbai: India’s largest depository, National Securities Depositories Ltd (NSDL), on Wednesday said it has crossed 10 million demat accounts, with over 40,00000 new accounts coming up in the last two years alone.
These accounts have more than 80% securities held and settled in dematerialised form in India, a company press release said.
Further, the accounts are serviced by 281 depository participants through more than 9,600 service centres across 1,000 cities and towns pan-India, the release said.
According to NSDL, after the successful implementation of the depository system, the company has also set up and is maintaining Tax Information Network (TIN) on behalf of the income tax department.
Comment E-mail Print Share
First Published: Wed, Aug 19 2009. 04 54 PM IST