National Securities Depository Limited
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Statistics

Statistics

August 31, 2019

arraw Investor Accounts - 1,89,16,477
arraw DP Service Centres - 31,205
arraw Demat Custody Value - 177.44
(₹ Lakh Crore)(US$ 2,483 billion)
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NSDL News

Following entities have been made operational as DPs in NSDL during June 2008

DP Name Date of Commencing Operations City DP Id
Stewart Securities Limited June 26, 2008 Kolkata IN303454
Crossborder Investments Private Limited June 27, 2008 Mumbai IN303462

The above additions take the total number of operational DPs to 258 and the total number of DPM set-ups to 337.

DPs have been seeking clarifications regarding capturing of landmark details under the address field in the DPM system as the same does not appear in the proof of address submitted by the Clients at the time of opening demat accounts. DPs have stated that Clients prefer to write nearby landmark details such as 'near by', 'adjacent to', 'behind', 'next to', 'opposite to', 'off', name of the building /mall /junction /school /garden /hotel /bank /railway station /company name /bus depot etc. in the account opening form as it facilitates for easy location of their addresses and prompt delivery of various communications to be received by the Clients.

In this context, DPs have been informed that they may capture the address including landmark details in the DPM System as provided by the Clients even though the same does not appear in the proof of address submitted by the Client, after ensuring compliance with the various guidelines/circulars issued by NSDL on account opening and after satisfying itself. Further details about this are available in Circular No. NSDL/POLICY/2008/0040 dated June 4, 2008 which is posted on NSDL website www.nsdl.co.in.

HDFC Bank Limited (HBL) has changed the length of the bank account numbers from 13 digits to 14 digits by prefixing the existing 13 digit account numbers with '0'. NSDL has advised its DPs to carry out necessary changes and communicate to concerned clients about the changes carried out in their bank details alongwith the transaction statement for the month /quarter ended June 2008 or earlier, as the DP may deem fit. This has been informed to DPs vide Circular No. NSDL/POLICY/2008/0041 dated June 4, 2008.

As investors are aware, NSDL's SMS Alert facility for demat account holders enables investors to receive alerts for debits (transfers) to their demat accounts, credits in respect of IPO & offer for sale allotment and for failed instructions due to insufficient balance.

With effect from June 5, 2008, SMS Alert facility for demat account holders has been further enhanced. Investors can now receive alerts in respect of credits pursuant to sub-division and bonus.

The text of SMS alerts being sent to the account holders is as follows

Sub-division

“___ sub-divided shares of ______ (Company Name/ISIN as the case may be) credited on "Execution date" to your demat a/c no xxxx5678. Check with your DP or on IDEAS website if subscribed – NSDL”

Bonus

“___ shares of ______ (Company Name/ISIN as the case may be) credited on "Execution date" to your demat a/c no xxxx5678 in respect of Bonus. Check with your DP or on IDEAS website if subscribed – NSDL”.

NSDL has informed the DPs about the various precautions to be taken by DPs while executing delivery instructions received through fax from their Clients. Few DPs represented to NSDL regarding the practical difficulty in implementing requirement by DPs to receive the original delivery instructions within two days from the date of receipt of the fax instruction.

In light of the aforesaid representation, NSDL has informed its DPs that the requirement to receive the original instructions within two days from the date of receipt of the fax instruction has now been extended to three days, excluding Sundays and Bank holidays.This has been informed to DPs vide Circular No. NSDL/POLICY/2008/0045 dated June 16, 2008.

NSDL launched its common internet facility called SPEED-e on September 1, 2001, which facilitates Users (Beneficial Owners and Clearing Members) to submit delivery instructions on the internet. Users have the option of accessing SPEED-e facility either as a Password User or as a Smart Card / e-Token User.

With a view to encourage investors to submit delivery instructions electronically over internet, NSDL is pleased to announce the withdrawal of usage fee of Rs.25 charged to DPs, every quarter, in respect of Password based Users of the SPEED-e facility, with effect from July 1, 2008. NSDL has requested its DPs to pass on the benefit to the Password based Users of the SPEED-e facility. This has been informed to DPs vide Circular No. NSDL/POLICY/2008/0046 dated June 26, 2008.

SEBI has vide its Circular no. MRD/DoP/Cir-20/2008 dated June 30, 2008 issued certain clarifications on PAN as a mandatory requirement for demat account opening. Extracts of the same are as under

  • Please refer to SEBI circular No.MRD/DoP/Cir-05/2007 dated April 27, 2007 making PAN mandatory for all transactions in the securities market.
  • Subsequent to the issuance of the aforesaid circular, SEBI has received representations from certain categories of investors requesting for exemption from mandatory requirement of PAN for transacting in the securities market.
  • Upon consideration of the said representations, and in view of Rule 114 C (1) (c) of Income Tax Rules, it is clarified that PAN may not be insisted in the case of Central Government, State Government, and the officials appointed by the courts e.g. Official liquidator, Court receiver etc. (under the category of Government) for transacting in the securities market.
  • However, the aforementioned clarification would be subject to the intermediaries verifying the veracity of the claim of the specified organizations, by collecting sufficient documentary evidence in support of their claim for such an exemption.”

SEBI has further vide press release dated July 4, 2008 clarified that the exemption from mandatory PAN requirement applies to transactions undertaken on behalf of the Central and State Government, but not to the transactions of the employees of Central and State Government in their personal capacity.

This has been informed to DPs vide Circular Nos. NSDL/POLICY/2008/0048 dated June 30, 2008 and NSDL/POLICY/2008/0049 dated July 8, 2008.