Demat

Demat accounts hit fresh high in August, surpass 171 million mark

Despite market volatility, 4.2 mn accounts added in Aug

Sebi raises basic demat account limit to Rs 10 lakh to boost participation

To boost participation of small investors in the securities market, Sebi on Friday increased the threshold for the basic service demat account to Rs 10 lakh from the current Rs 2 lakh. The new guidelines will come into force from September 1, the Securities and Exchange Board of India (Sebi) said in a circular. Increasing the limit of securities' value held in the Basic Services Demat Account (BSDA) will encourage small investors to trade in the stock market and ensure their financial inclusion. A basic service demat account, or BSDA, is a more basic version of a regular demat account. The facility was introduced by markets regulator Sebi in 2012 to reduce the burden of demat charges on investors with small portfolios. On eligibility for BSDA, Sebi said an individual is eligible for a BSDA if he/she meets certain criteria such as the investor has only one demat account as the sole or first holder, has only one BSDA in his name across all depositories and the value of securities in

Ladakh, Mizoram, Lakshadweep: Why are demat accounts rising in these cities

The combination of economic development and the availability of online investment options have made the stock market an attractive avenue for Indians to invest their surplus funds

Sebi orders to attach bank, demat account of Anugrah to recover dues

Markets regulator Sebi has ordered the attachment of bank and share and demat holdings of Anugrah Stock and Broking to recover Rs 1.22 crore dues in a case related to violation of market norms. The recovery proceedings have been initiated against Anugrah Stock and Broking Pvt Ltd after it failed to pay the Rs 1.22 crore, including interest, all costs and expenses, the Securities and Exchange Board of India (Sebi) said in the attachment order on Tuesday. In its notice, the markets watchdog asked all the banks, depositories and mutual funds not to allow any debit from accounts of Anugrah Stock and Broking. However, credits have been allowed. Further, the regulator has directed all banks to attach all accounts, including lockers, of the defaulters. In March 2021, Sebi passed an order and imposed a penalty of Rs 90 lakh on Anugrah Stock and Broking Pvt Ltd for violations of market norms. The order follows a joint investigation carried out by Sebi, BSE, NSE and Central Depository Servi

Demat account holders can furnish nomination declarations by Jan 1, 2024

The Securities and Exchange Board of India (Sebi) stated that those who fail to do so will not be able to transact in stocks

At 2.9 mn, new demat account additions hit 18-month high in July

10 IPOs with a prospective fund raise of Rs 8,000 cr will decide August trajectory

NSE lays framework for action against brokers for misuse of clients funds

The National Stock Exchange (NSE) on Wednesday came out with a framework for taking immediate actions against trading members in case of misuse of client funds by them. In the recent past, the exchange has observed instances of misuse of client funds during its inspections as well as in the alerts generated under offsite supervision. In order to initiate immediate actions in critical cases where misuse of client funds is observed, the exchange said that proprietary deposits of the trading member available with the clearing house, NSE Clearing Ltd (NCL), will be blocked to the extent of the misuse amount or Rs 10 crore, whichever is lower, according to a circular. The action will be taken for violating "principles of enhanced supervision" for stock brokers in case of misuse of clients funds. In case misuse is observed with regards to "principles of enhanced supervision" for stock brokers, NSE said the amount equivalent to the aggregate amount of all principles, will be ...

Despite market volatility, 25 million demat accounts added in FY23

Going forward, experts believe that the growth in new demat accounts will depend on the market trajectory

How to move shares to another demat if you're sore with existing broker

Business Standard brings you the lowdown on demat accounts, trading accounts and a host of other terms and instruments you will find useful while moving your holdings

Demat additions lukewarm despite market's extended run in November

About 1.8 million new accounts added, 20% below monthly average for calendar 2022

Transfer pay-outs to client's demat account within a day, says Sebi

Regulator issues fresh guidelines for unpaid securities

At 6.1 mn, pace of demat account additions slowest in 10 quarters in Q2FY23

Market observers say brokerages have become less aggressive chasing clients, given the high cost of acquisitions and growing inactivity among retail investors

What is the difference between a demat and a trading account?

A Demat account is essential to hold and trade your shares, bonds and Mutual Funds. But, there is another account, called the trading account. Find out more about the two accounts and their difference

Sebi extends last date for implementation of new pledging system to Sept 1

Earlier deadline was July 1; Move follows request by depository firms tasked with readying the backend for the new system for extension as the "changes to the systems are still under process"

UCO Bank extends tie up with Fisdom; to offer demat, stockbroking services

State-owned UCO Bank has extended the fintech partnership with Fisdom to include demat account and stockbroking services, pension funds and tax filing

Number of demat accounts have more than doubled since March 2019: Tyagi

Top brokerages have been opening nearly a million demat accounts since then and almost 75 per cent of them are under-30 investors

CDSL glitch hits sell orders, brokers allow clients to skip authorisation

Market players said issue was with CDSL's portal used for authorising debit of securities from demat accounts. The system was set up last year to prevent misuse of power of attorney by brokers

Dalmia Bharat gets securities worth Rs 344 cr back from IL&FS Securities

Cement maker Dalmia Bharat Ltd on Friday said securities worth Rs 344 crore have been credited back to the demat account of its arm by IL&FS Securities Services following an order of the Supreme Court. Mutual fund units of its two erstwhile subsidiaries were earlier "fraudulently and illegally transferred" by Allied Financial Services Pvt Ltd (AFSPL) "in collusion with IL&FS Securities Services Limited (ISSL)", Dalmia Bharat said in a regulatory filing. The two subsidiaries were of Dalmia Bharat's step-down firm Dalmia Cement (Bharat) Limited (DCBL). "We hereby further update that the said Securities of DCBL lying with ISSL were released in favour of DCBL and credited back to its demat account as per said order of the Supreme Court," it said. Earlier on March 16, 2021, the Supreme Court had modified its previous order of August 2019 and had allowed the release of the securities. The apex court had directed "release of the Mutual fund units of two erstwhile subsidiaries of ...

RBI had no objection to issuance of electoral bonds through SBI, says FM

She said the Committee of the Central Board (CCB) of RBI in its meeting held on October 11, 2017 indirectly agreed for electoral bonds to be issued if it is done by the SBI.

Karvy crisis: What clients should do with holdings in their demat accounts

If demat holdings are intact, then Karvy's clients have the option to move to another broker. If not, they should complain.