CDSL crosses 2.5 crore demat accounts
This milestone is in line with CDSL’s strategy of empowering the ‘Atmarnirbhar Niveshak’
cityairnews
Sep 2, 2020 10:52
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Mumbai: Central Depository Services (India) Limited (CDSL), the first listed depository in India, is pleased to announce that the net number of active demat accounts opened with CDSL, has crossed a new milestone of 2.5 crore (25 Million).
CDSL, which began its operations in 1999, reached the 1 crore (10 million) active demat accounts in September, 2015, crossed the 2-crore mark in January, 2020 and crossed the 2.5 crore mark as on August 31, 2020. In the period of less than 5 years, CDSL has added 1.5 crore demat accounts.
Speaking on the milestone achieved, CDSL MD & CEO, Shri Nehal Vora said, “We are delighted to add another landmark to our history of many firsts – Being the first listed depository in Asia-Pacific, being the first depository to launch operations in IFSC, GIFT City, Gujarat, first depository to reach the milestone of 2 crore demat accounts and now the first depository to cross more than 2.5 crore demat accounts.
The said growth of investors, especially in the current unprecedent times, is a representation that the Investor is now moving to self-sufficient environment with opening and operating demat accounts from the comfort of their homes. This milestone is in line with CDSL’s strategy of empowering the ‘Atmarnirbhar Niveshak’ or the self-sufficient investor and enhancing the digital footprint in all facets of the financial markets.”
