Central Depository Services (India) Limited (CDSL), on Wednesday said that the net number of active demat accounts opened has crossed a new milestone of 2.5 crore (25 Million) as on August 31.
In a regulatory filing, CDSL, the first listed depositary which began its operations in the year 1999, said it reached 1 crore (10 million) active demat account in September 2015, crossed the 2-crore mark in January 2020.
CDSL also added that 1.5 crore demat accounts have been added in a period of less than five years.
Commenting on the milestone, Nehal Vora, CDSL MD & CEO said, “The said growth of investors, especially in the current unprecedented times, is a representation that the Investor is now moving to a self-sufficient environment with opening and operating demat accounts from the comfort of their homes.”
She added, “Being the first listed depository in AsiaPacific, 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.”