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March 31, 2024
Investor Accounts 3,57,70,759
DP Service Centres 61,665
Demat Custody Value 423.44 (₹ Lakh Crore)
(US$ 5079 billion)

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NSDL Update - News - March 2014

In order to facilitate transactions in Mutual Fund units through stock exchange platform (security type code '20') and to encourage investors to hold Mutual Fund units in dematerialised form, NSDL has not been charging any fee to Participants till March 31, 2014. NSDL has now decided to charge fee to Participants in respect of transactions in mutual fund units (security type code '20') held in the depository system from April 1, 2014 as mentioned below:

Sr. No. Type of Transaction Charge to be levied
1. Debit to Client Account `4.50 per instruction
2. Conversion of MF units represented by SoA into dematerialised form Nil
3. Reconversion of MF units into SoA 10.00 per instruction
4. Redemption of MF units through Participants 4.50 per instruction
5. Pledge confirmation 25 per instruction
6. Inter-Settlement 4.50 per instruction
7. CM Pool to CM Pool Account Transfer 4.50 per instruction
8. Settlement fee for CM Pool account (Receipt in charges) 1.00 per instruction for securities received from the CC/CH into the Pool account subject to a minimum of ` 1,000 and a maximum of ` 5,000 per quarter per CM Account.

(Ref: Circular No. NSDL/POLICY/2014/0021 dated February 28, 2014)

  • NCDO/NISM training / certification programmes for Participants
  • To facilitate officials of Participants to prepare and appear for NISM-Series VI Depository Operations Certification Examination (DOCE), NSDL conducted two such training programmes in February 2014 at Bangalore and Chennai which were attended by 76 officials of various Participants.

  • CPE Training Programme for Participants
  • NSDL, an approved NISM Accreditated Continuing Professional Education (CPE) Provider offers CPE training programmes for eligible associated persons of Participants. In February 2014, NSDL conducted seven such training programmes at various locations viz., Ahmedabad, Bangalore, Kolkata, Mumbai, New Delhi and Pune which were attended by 169 officials of Participants.

  • KYC Training Programme for Participants
  • In February 2014, NSDL conducted a 'KYC requirements for Account Opening' training programme at Kolkata which was attended by nine officials of Participants. The program focuses on latest developments viz., procedure for opening various depository accounts, BSDA, RGESS, etc., to facilitate efficient functioning of depository operations of Participants.

During February 2014, two more Participants have subscribed to the SPEED-e facility viz.,

  • BgSE Financials Limited (DP ID IN302148)
  • SPFL Securities Limited (DP ID IN300556)

Clients of the above mentioned Participants can now avail the facility of submitting various instructions through SPEED-e facility.

This takes the total number of Participants who have subscribed to SPEED-e to 132.

  • Investor Depository Meets (IDMs):

NSDL interacts with investors throughout the country through a series of 'Investor Depository Meets'. These programs are organised to spread awareness amongst the accountholders and others about the new facilities introduced by NSDL, the safety features and precautions to be taken by accountholders while operating in the depository environment. During February 2014, NSDL organised 12 such IDMs at Biharsharif & Gaya in Bihar, Suryapet, Bhadrachalam & Khammam in Andhra Pradesh, Burhanpur, Dewas & Dhar in Madhya Pradesh, Wai in Maharashtra, Muzaffarnagar, Bijnor & Bulandshahar in Uttar Pradesh which were attended by around 215 investors.

  • Joint Awareness Programmes with BgSE Financials Limited:

In order to reach out to masses spread across the country and to apprise them about the facilities available in NSDL depository system, NSDL conducted Joint Awareness Programme with BgSE Financials Limited (DP ID IN302148) in Bangalore, Karnataka in February 2014 which was attended by around 40 investors.

  • Participation in events conducted by Institutions:

In February 2014, NSDL sponsored an event titled "Business Conclave 2014" organized by Shri Ram College of Commerce (SRCC), Delhi. Over 400 participants visited the NSDL stall. Various aspects on Depository related services were explained to these participants attending this event.

  • Training Programme organized by Institutions:

In February 2014, NSDL organized four Investor Awareness Programmes with Vivek Vyaspeeth, an NGO, at Panjim, Vasco & Ponda in Goa and in Rajarambapu Institute of Technology in Islampur, Maharashtra which were attended by 630 investors. Various aspects on Depository related services were addressed to investors attending these programmes. Chief Minister of Goa, Mr. Manohar Parrikar, Hon'ble Speaker - Goa Assembly, Mr. Rajendra Arlekar & Goa Industries Minister, Mr. Mahadev Naik were present during the events held at Goa.

  • NSDL Brand Ambassador:

NSDL has launched an initiative called "NSDL Brand Ambassador (NSDL BA)" for student community education to popularize demat products and related concepts amongst colleges. In February 2014, NSDL conducted two "NSDL Brand Ambassador Contest" for students of R.A. Podar College of Commerce & Economics and S.K. Somaiya College of Arts, Science & Commerce, Mumbai. Around 160 students & two faculties' participated in these Brand Ambassadorship programmes. Ms. Snehal Khandare & Ms. Rucha Kshirsagar from R.A. Podar College of Commerce & Economics and Ms. Pooja Wagh, Ms. Riddhi Dand, Mr. Sourja Dam and Mr. Harsh Amlani from S.K. Somaiya College of Arts, Science & Commerce were selected as NSDL Brand Ambassadors after screening them through various rounds of this contest.

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