Home  :  About Us  :  Press Releases  :  NSDL News

In March 2009, NDA Securities Limited (DP ID IN303663) was made operational as a Participant of NSDL. It will conduct its depository operations from New Delhi. This takes the total number of operational Participants to 275 and the total number of DPM set-ups to 352.

W.e.f. April 1, 2009, NSDL has withdrawn the user fees for Benefi cial Owners (BO) availing IDeAS facility. There is no user fee for Password based BOs using SPEED-e facility. Thus, the internet - based facilities of IDeAS and SPEED-e are now available without any user fee for the Password based BOs. NSDL has also reduced joining fees charged to Participants for SPEED-e facility from Rs. six lakh to Rs. two lakh.

NSDL's common internet facility called IDeAS facilitates investors to view latest balances and transactions in their demat accounts. NSDL's other internet-based facility called SPEED-e facilitates Users (Benefi cial Owners and Clearing Members) to submit delivery instructions on the internet. SPEED-e facilitates Participants to eliminate paper [Delivery Instruction Slips (DIS)] resulting in reduction in cost of storage and processing of DIS and the risk involved in verifying specimen signatures of account holders at the time of processing DIS.

Pursuant to the revision, fee structure for IDeAS and SPEED-e (charged by NSDL to its Participants) is mentioned below:

* Charges for e-token will be Rs.1,000 approx.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0025 dated April 1, 2009.

Based on the representations received from Participants, NSDL has informed its Participants that they may not send Transaction Statements to those clients to whom Transaction Statements were returned undelivered in the past subject to the following conditions:

• Transaction Statements were returned undelivered on three consecutive occasions.
• The Participant maintains proof that the Transaction Statements were returned undelivered.
• The Transaction Statements were returned undelivered for the reasons which clearly establish that the client no longer resides at the given address (i.e. party shifted, etc.) and not for other reasons (i.e. residence/offi ce closed, address incorrect, address incomplete, etc.).
• The Participant informs such clients through alternative means (such as outbound call, SMS or email) that their Transaction Statements are returned undelivered and they need to communicate the proper (new) address.
• The Participant ensures that on receipt of request for address modifi cation from the client as per the stipulated procedure, the dispatch of Transaction Statements is immediately started. Further, the Participant ensures that Transaction Statements that were not delivered and dispatched due to discontinuation are also dispatched immediately without any additional cost to the clients.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/ 0024 dated April 1, 2009.

NSDL conducts NCDO oriented training programmes for staff of Participants to increase the availability of trained personnel for depository operations. In March 2009, four such programmes were conducted in Mumbai, New Delhi, Kolkata and Chennai.

BLB Limited (DP ID IN301102) and Exponential Financial Services Pvt. Ltd. (DP ID IN301178), Participants of NSDL have informed NSDL that they intend to close down their depository operations. Clients of BLB Limited and Exponential Financial Services Pvt. Ltd. are requested to get their securities transferred to the accounts opened with any other Participant or get them rematerialized.