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With effect from January 7, 2010, NSDL has enhanced its SMS Alert facility for demat accountholders by adding a new feature. As per this feature, an SMS will be sent to the depository account holders for credits/debits of Mutual Fund units.

A sample text of the SMS is as follows:

"________ units of __________ (Scheme Name / ISIN as the case may be) credited on "…………." (date, dd-mm-yy) to your demat a/c no xxxx5678 – NSDL"

"________ units of __________ (Scheme Name / ISIN as the case may be) debited on "…………." (date, dd-mm-yy) from your demat a/c no xxxx5678 – NSDL"

With the above addition, SMS alerts are sent by NSDL to demat accountholders for the following:

• Intra-day alerts for all Debits (transfers)
• Credits for IPO, bonus & sub-division
• Failed instructions
• Overdue instructions
• Change of mobile number
• Change of address
• Credit/debit of Mutual Fund units

This has been informed to Participants vide Circular No. NSDL/POLICY/2010/0003 dated January 6, 2010.

NSDL has launched a facility for auto pay-in of securities called SPICE (Submission of Power of attorney based Instructions for Clients Electronically) using the infrastructure of SPEED-e and IDeAS. This facility is in respect of demat accounts operated on the basis of Power of Attorney (POA).

Many investors execute POA in favour of their stock brokers (i.e. Clearing Members) and advise their Participants accordingly. Based on the POA, Clearing Members (CMs) submit instructions (auto pay-in) to the Participants (where Clients maintain demat accounts) to debit the demat accounts of the Clients and credit their CM Pool accounts. SPICE would enable such CMs to submit digitally signed instructions to Participant through the SPEED-e facility thereby eliminating the need to give paper based delivery instructions to the Participants.

Further details about this are available in Circular No. NSDL/POLICY/2009/0126 dated December 31, 2009, which is posted on NSDL website www.nsdl.co.in.

NSDL has enabled the facility of holding mutual fund units in dematerialised form as per the scheme envisaged by SEBI vide its Circular No. SEBI/IMD/CIR No.11/183204/2009 dated November 13, 2009 for transacting in mutual funds.

In order to spread awareness about this facility and encourage investors to avail this facility, following footnote has been incorporated in the Transaction Statements, of Client accounts (Active or Frozen) where PAN fl ag is enabled in DPM System. In case of accounts which are suspended for PAN noncompliance, the footnote related to PAN will continue to be displayed.

Further details about this are available in Circular Nos. NSDL/POLICY/2009/0116 dated December 5, 2009 and NSDL/POLICY/2010/0002 dated January 4, 2010 issued to Participants and the same are posted on NSDL website www.nsdl.co.in.

NSDL conducts training and certifi cation programmes for Participants to increase the availability of trained personnel for depository operations. In December 2009, such programmes were conducted in Amritsar, Bhopal, Chandigarh, Chennai, Guwahati, Jaipur, Jalandhar, Kochi, Kolkata, Lucknow, Ludhiana, Mumbai, Nagpur, Nashik, New Delhi, Pondicherry, Pune, Raipur, Siliguri and Vijayawada.

H. Nyalchand Financial Services Private Limited (DP ID IN302488) a Participant of NSDL has informed NSDL about its decision to discontinue depository operations.