Central Depository Services (India) Limited (CDSL), the first and only listed depository in India, is pleased to announce another noteworthy milestone today as it becomes the first depository to open Four crore plus (40million) active demat accounts.
CDSL is currently the largest depository in the country in terms of active demat accounts.
Expressing his joy and pride on the moment, Shri Nehal Vora stated “I will firstly congratulate SEBI – the capital market regulator for being the visionary leader that guided us to this digital growth and safe ecosystem. It is their foresight that transited the long demat account opening procedure into an easy digital experience without compromising on the necessary controls. Our milestones are a result of the hard-work and coordination of all the market infrastructure institutions and the market intermediaries. I wish to thank the investors for choosing CDSL to be their depository.
I would like to thank all the participants of the capital market for their contribution in accelerating the digital and financial growth of India.”
This journey of financial inclusion has to enhance to engage with a higher number of persons to foray into the securities market to achieve the objective to make India a capital market hub that is highly focused on corporate governance, technology, investor protection, transparency and sustainability.
Further, CDSL will continue to provide services for the progress of the securities markets, for the valued investors in line of our vision of “Empowering the Atma-nirbhar Niveshak” through our digital services.”