National Securities Depository Limited
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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

NSDL Update – News – October 2012

Visit by delegates from Maldives Stock Exchange Pvt. Ltd. to NSDL during September 2012

In order to encourage investors to hold mutual fund units in the depository system, NSDL has decided to continue not to charge any fee to Participants in respect of transactions in mutual fund units held in the depository system till March 31, 2013.

(Ref: Circular No. NSDL/POLICY/2012/0103 dated September 26, 2012)

The Union Finance Minister, Shri. P. Chidambaram approved a new tax saving scheme called “Rajiv Gandhi Equity Saving Scheme“(RGESS), exclusively for the first time retail investors in securities market. This Scheme would give tax benefits to new investors who invest up to `50,000 and whose annual income is below `10 lakh.
The Scheme not only encourages the flow of savings and improves the depth of domestic capital markets, but also aims to promote an ‘equity culture’ in India. This is also expected to widen the retail investor base in the Indian securities markets.

Further details about this circular are posted on NSDL website www.nsdl.co.in.

(Ref: Circular No. NSDL/POLICY/2012/0104 dated September 26, 2012)

SEBI vide its Circular No. CIR/MRD/DP/DA/ 25 /2012 dated September 21, 2012 has informed regarding revised contents pertaining to Grievances Redressal Mechanism to be printed in the Delivery Instruction Form (DIF) Book. In case where DIF Books have already been printed by Participants but are yet to be issued to the Clients, Participants shall at the time of issuance of such books to the Clients, provide a printed copy of the aforesaid information along with the DIF Book.

(Ref: Circular No. NSDL/POLICY/2012/0100 dated September 25, 2012)

SEBI vide Circular No. CIR/MRD/DP/22/2012 dated August 27, 2012 had advised that all Participants make available the facility for Basic Services Demat Account (BSDA) for retail investors. As per the aforementioned SEBI circular, Participant shall give option to open BSDA / convert existing account into BSDA to eligible individuals. If Participant wishes to incorporate such an option in Account Opening Form (AOF), it may do so. After conversion of regular account into BSDA and vice-versa, Participant should send a communication to such Client informing about the changes effected in the account of the Client.

Further details about this circular are posted on NSDL website www.nsdl.co.in.

(Ref: Circular No. NSDL/POLICY/2012/0101 dated September 26, 2012)

  • At the time of opening BSDA/ converting existing account into BSDA, the Participant must provide to the Client the charges which will be applicable for the regular account in case the BSDA is converted into a regular account subsequently.
  • Comply with all the requirements of SEBI Circular No. CIR/MRD/DP/22/2012 dated August 27, 2012.

(Ref: Circular No. NSDL/POLICY/2012/0100 dated September 25, 2012)

In case of amalgamation / scheme of arrangement of the entities who have depository accounts, Participants have been informed to follow the procedure for change of name of such corporate Clients in the depository account and obtain the required documents as mentioned in the circulars. Further details about this circular are posted on NSDL website www.nsdl.co.in.

(Ref: Circular No. NSDL/POLICY/2012/0090 dated September 5, 2012)

NSDL has made arrangements with NISM to facilitate staff of Participants to get certified for NISM-Series VI Depository Operations Certification Examination (DOCE) as per SEBI requirements. A training programme is conducted by NSDL for Participant’s staff followed by NISM-Series VI-DOCE online test conducted by NISM. In September 2012, NSDL conducted 20 such training programmes at Ahmedabad, Bengaluru, Chandigarh, Chennai, Cochin, Gurgaon, Guwahati, Hyderabad, Indore, Jaipur, Kolkata Lucknow, Mumbai, New Delhi and Pune which were attended by 491 persons nominated by various Participants.