CDSL crosses over 4 crore demat accounts | Stock Market News
Central Depository Services (India)
Limited (CDSL), a leading depository, announced on Thursday that the number of
active demat accounts it has opened surpassed the 4-crore milestone.
CDSL started operating in the year
1997. In September 2015, CDSL had one crore active demat accounts, which
climbed to two crore in January 2020, three crore in January 2021, and four
crore in July 2021.According to CDSL, it is the country''''s largest depository in
terms of active demat accounts.
CDSL Managing Director and CEO Nehal
Vora stated, "Our milestones are a consequence of the hard effort and
collaboration of all the market infrastructure institutions and market
To achieve the goal of making India a
capital market hub that is highly focused on corporate governance, technology,
investor protection, transparency, and sustainability, this journey of
financial inclusion has to be enhanced to engage with a larger number of
people to foray into the securities market," he added.
Depository participants pay
transaction fees, account maintenance fees, and settlement charges to Central
Depository Services Limited (CDSL) India, which allows investors to deposit
securities by opening a dematerialized account. The fees and charges are a
source of revenue for CDSL.
Annual fees, corporate action, and
e-voting fees paid by companies whose stocks are admitted to the depository''''s
system are further sources of revenue.