Home  :  About Us  :  Press Releases  :  NSDL News

National Securities Depository Limited (NSDL), India’s first and largest depository has crossed 1,00,00,000 (one crore) demat accounts. These accounts have more than 80% of securities held and settled in dematerialised form in India, indicating preference and trust the investors have in maintaining their assets with NSDL. Over the period of last two years, more than 40 lakh new demat accounts were opened with NSDL. These accountholders are serviced by 282 Depository Participants through more than 9,700 service centres across more than 1,000 cities/towns in the country.

With effect from September 1, 2009, 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 client in case any change in address of the client is recorded by the Participant in its DPM system.

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

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0077 dated August 29, 2009.

Keeping with its continued commitment to deliver cost effective services, NSDL has reduced the minimum fee chargeable to Participants from Rs.1,50,000 per annum to Rs.1,00,000 per annum.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0078 dated September 1, 2009.

In case of transmission of securities with nomination, the requirement to submit “Affi davit” and “Verifi cation” has been removed. Thus, in case of transmission of securities with nomination, a request for transmission in the prescribed form alongwith a certifi ed true copy of the death certifi cate (or a duplicate copy of death certifi cate if original is lost or misplaced) would be suffi cient.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0078 dated September 1, 2009.

NSDL has clarifi ed to its Participants that bank statements as a proof of address should not be more than two quarters old as on the date of receipt of the Account Opening Form (AOF). The bank statements may be monthly or for any other period, subject to the foregoing.

Examples:

Further, in case bank statements are issued in electronic form, a print out of the same can be accepted provided, the name and address of the client is mentioned therein and accompanied by a cancelled cheque (original) or a photocopy of cheque with the name of the client pre-printed on it. However, in case of a photocopy of cheque, it can be accepted provided the authorized offi cial of Participant verifi es the same with the original cheque and puts his/her signature on it with the remarks “verifi ed with original”.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0076 dated August 28, 2009.

NSDL conducts training and certifi cation programmes for Participants to increase the availability of trained personnel for depository operations. In August 2009, such programmes were conducted in Ahmedabad, Bangalore, Belgaum, Bhopal, Chandigarh, Chennai, Coimbatore, Goa, Hyderabad, Jaipur, Kochi, Kolkata, Lucknow, Meerut, Mumbai, New Delhi, Ranchi, Surat, Trivandrum, Udaipur and Vadodara.

In August 2009, K & A Securities Private Limited (DP ID IN303743) was made operational as a Participant of NSDL. It will conduct its depository operations from Noida. This takes the total number of operational Participants to 282 and the total number of DPM set-ups to 357.

Two more Participants have subscribed to the SPEED-e facility:

• Consortium Capital Private Limited (IN303727)
• The Surat People's Co-Operative Bank Limited (IN300845)

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

This takes the total number of Participants who have subscribed to SPEED-e to 86.