In August, the number of demat accounts in the nation surpassed 100 million for the first time in India. Finance Minister Nirmala Sitharaman made the announcement on micro-blogging site and stated, 슬롯사이트œA large part of growth over the past two years has come from tier-2 and tier-3 cities.슬롯사이트�

According to data supplied by depository companies, National Securities Depository Limited (NDSL) and Central Depository Services, over 2.2 million new accounts were established last month, the majority in the previous four months, bringing the total to 100.5 million (CDSL).Just before Covid-19 broke out in the nation in March 2020, India had 40.9 million demat accounts.

This Expansion Has Been Supported By슬롯 머신 사이트 추천A Number of슬롯 머신 사이트 추천Reasons:

1)The sudden increase in the market.

2)longer workweeks because of the lockdown and mobility limitations.

3)The transition to a work-from-home environment.

4)The convenience of opening an account.

5)The rise in mobile and broadband penetration, and a decrease in brokerage fees.

Nehal Vora, MD & CEO, CDSL, stated that 슬롯사이트œthe milestone of 100 million demat accounts is a tribute to the popularity of demat accounts and the securities market as an outlet for investment against the backdrop of rise in household savings슬롯사이트�.슬롯 머신 사이트 추천India Pips UK To Become 5th Largest Economy in the World; Here's What Analysts Say.

FM Nirmala Sitharaman's Tweet:

Prashant Vagal, executive vice-president, NSDL said that 슬롯사이트œWe witnessed a substantial increase in demat accounts in the past two years. It is equally important to note that NSDL슬롯사이트™s custody value increased from Rs 174 trillion in April 2020 to Rs 320 trillion ($4 trillion) in August 2022. This indicates participation from both retail and institutional investors,슬롯사이트�

Although NDSL has a larger market share in terms of assets under custody, CDSL, a public corporation, has a higher market share in terms of the number of accounts (AUC). With an AUC of Rs 38.5 trillion at the end of August, CDSL managed 71.6 million demat accounts. The AUC of NSDL슬롯사이트™s 28.9 million accounts, on the other hand, was Rs 320 trillion.

(The above story first appeared on LatestLY on Sep 06, 2022 07:45 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).