Statistics
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 - September 2013

It gives us immense pleasure to inform that our subsidiary NSDL Database Management Limited (NDML) has been granted its certificate of registration to act as an Insurance Repository by Insurance Regulatory and Development Authority (IRDA). With this, individuals can now hold insurance policies in electronic forms, as we currently hold our shares and other securities. We have named this initiative as "National Insurance-policy Repository" (NIR).

A brief about NIR:

  • Facilitates holding of all insurance policies in a single e-Insurance Account (eIA)
  • Does away with the hassles associated with holding the insurance policies in physical form
  • Requires Know Your Customer (KYC) to be done only once i.e. for opening the e Insurance account
  • Acts as a single point of contact for the account holder to update demographic details with insurance companies
  • Facilitates conversion of the existing paper policies into electronic policies at the request of the policy holder
  • We all have experienced the change that dematerialization of securities has brought in the capital market and we are sure that this new initiative will bring in more transparency and efficiency in the insurance industry.

    As this is similar to the depository structure there is a business opportunity for our Depository Participants (DPs). DPs can become an Approved Person to service its clients for opening and servicing of the e Insurance Account (eIA).

    Please visit http://nir.ndml.in for further information and e Insurance Account opening process. Feel free to get in touch with us at helpdesk.nir@nsdl.co.in / 022 49142631.

The e-voting system of NSDL was made available to companies in January 2012 after authorization by Ministry of Corporate Affairs (MCA) and obtaining the Website Quality Certificate from the Standardization Testing and Quality Certification (STQC) Directorate, Department of Information Technology, Ministry of Communications & IT, Government of India. Companies can avail the services of the e-voting system of NSDL for their resolutions to be passed by postal ballot. Companies can save costs by availing the e-voting services of NSDL whereas the shareholders can conveniently cast their vote from home/office.

In August 2013, the e-voting system of NSDL crossed a milestone of the 100th occasion of a company availing the e-voting services of NSDL. As on date, 83 companies on 105 occasions have already availed the services of the e-Voting system of NSDL for their postal ballot requirements. More than 20,000 shareholders have cast their votes conveniently in respect of postal ballots of various companies through the e-Voting system of NSDL. Top companies from big corporate groups, public sector corporations etc. such as Adani Power Limited, Apollo Tyres Limited, Asian Paints Limited, Axis Bank Limited, Bajaj Finance Limited, Bajaj Hindustan Limited, Bayer CropScience Limited, Castrol India Limited, Colgate Palmolive (India) Limited, Dish TV India Limited, DLF Limited, Fortis Healthcare Limited, Future Retail Limited, Gujarat NRE Coke Limited, Gulf Oil Corporation Ltd., HCL Infosystems Limited, Hindustan Petroleum Corporation Limited, IDBI Bank Limited, Jindal Steel and Power Limited, Larsen & Toubro Limited, Lupin Limited, Mahindra & Mahindra Financial Services Limited, Power Grid Corporation of India Limited, Siemens Limited, Suzlon Energy Limited, Tata Metaliks Limited, Torrent Pharmaceuticals Limited, etc. have availed the services of e-voting system of NSDL. As on date, more than 200 companies have entered into agreements with NSDL to avail the services of e-Voting system of NSDL.

NSDL's common internet facility called SPEED-e facilitates Users (Beneficial Owners and Clearing Members) to submit delivery instructions on the internet. During August 2013, Participant viz., Way2Wealth Brokers Private Limited (DP ID IN303077) has subscribed to the SPEED-e facility. Clients of this Participant can avail SPEED-e facility and submit instructions electronically. This takes the total number of Participants who have subscribed to SPEED-e to 126. For more information on SPEED-e, you can logon to: https://www.nsdl.co.in/speed-e.php.

  • 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 eight such training programmes in August 2013 at Ahmedabad, Chandigarh, Kolkata, Mumbai and New Delhi which were attended by 372 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 August 2013, NSDL conducted four such training programmes at various locations viz., Chennai, Indore, Mumbai and New Delhi which were attended by 78 officials of Participants.

  • KYC Training Programme for Participants

In August 2013, NSDL conducted three 'KYC requirements for Account Opening' training programmes at various locations viz., Kolkata and New Delhi which were attended by 58 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.

  • Three day DP Training Programme for Participants

NSDL conducts three day training programme on 'NSDL Depository Operations' for Participants which focuses on in-depth day-to-day operations of depository KYC requirements viz., various operations & system modules such as demat/remat, settlement, pledge, mutual funds, transmission, Compliance and inspection requirements of NSDL and various e-Services facilities of NSDL viz., IDeAS, SPEED-e etc. In August 2013, NSDL conducted a training programme in Mumbai which was attended by 13 officials of Participants.

  • 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 August 2013, NSDL organised 10 IDMs at Jalandhar, Hoshiarpur and Amritsar in Punjab, Erode and Salem in Tamil Nadu, Sri Ganganagar and Bikaner in Rajasthan & Contai, Tamluk and Kharagpur New Settlement in West Bengal, which were attended by 748 investors.
  • Joint Awareness Programmes with Securities and Exchange Board of India (SEBI) & National Stock Exchange of India Limited (NSE): In order to reach out to masses spread across the country and to apprise them about the facilities available in NSDL depository system, NSDL participated in two Joint Awareness Programmes with SEBI & NSE organized by NSE in August 2013 at Tripura University in Tripura and Manipur Institute of Managment Sciences (MIMS) in Manipur which were attended by around 430 students and faculties.
  • Stock Clinic Programme with Participant:To spread awareness about Depository related services & the new features introduced in NSDL Depository system, NSDL conducted Stock Clinic Programme with Bank of India to educate employees and investors of Bank of India regarding benefits of dematerialization. In August 2013, NSDL conducted two such training programmes in Mumbai which were attended by around 15 persons.
  • Corporate Awareness Programme (CAP): Corporate Awareness Programme (CAP) was conducted in Chennai in August 2013 to educate employees and shareholders of Cognizant Technology Solutions India Pvt. Ltd. regarding benefits of dematerialisation. This training programme was attended by 75 employees of Cognizant Technology Solutions India Pvt. Ltd.
  • Training Programme organized by Institutions: In August 2013, NSDL conducted a training programme in association with Tamilnad Mercantile Bank Limited for 120 students at Velalar College of Engineering and Technology, Erode and for 135 students from J. Watumull Sadhubella Girls College, Mumbai. Various aspects on Depository related services were addressed to students attending these programmes.
  • Events conducted by NSDL during August 2013:

NSDL Brand Ambassador:

  • NSDL has been carrying out various Investor Education initiatives like Investor Depository Meets (IDMs), Corporate Awareness Programmes (CAPs), promotion through media etc. in order to educate the Investors. Apart from these initiatives, in order to reach out to students, NSDL has been conducting educational programmes like workshops for students from various colleges across India, sponsorships and setting up of stalls during college festivals. A new initiative called "NSDL Brand Ambassador (NSDL BA)" is being undertaken by NSDL for student community education and to popularize demat products and related concepts amongst colleges. This initiative was recently launched in M.L. Dahanukar College, Vile Parle in Mumbai. More than 80 students participated in this Brand Ambassadorship program. Siddhesh Nair (T.Y. BMS) and Alice Dias (S.Y. BFM) were selected as the brand ambassadors of NSDL for year 2013-14. NSDL BA's will be acting as face of NSDL in Dahanukar College and will help NSDL to spread awareness about the depository and its related features to other students of colleges.

Market Ka Eklavya Contest:

  • Another Investor Education initiative launched by NSDL which is designed for students to educate them about Demat and its features with real time market experience is called 'Market Ka Eklavya'. This initiative was launched in form of a contest which was optional and open to all students of M.L. Dahanukar College of Commerce (MLDC) and to students of other colleges that participated in MLDC's annual event "Nivesh 2013". Further to the response received from college students, workshop to brief more than 100 interested students was conducted in MLDC's premises. NSE and SHCIL shared the platform at the workshop to give in depth insights about the capital market operations to students. Further to which, 33 students participated in this contest for experiencing the real time market behavior. The winner students were selected on the basis of efforts put in by students to study the stock selected amongst NSE fifty stocks. The winners of this contest were awarded with prizes and certificates as per the ranking put up by respective student. Certificates for participation were given to all participating students.
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