Central Depository Services Said the number of active on Thursday Demat account has crossed the 7 crore mark on its platform. Central Depository Services (India) Limited or CDSL Started operations in 1999.

It facilitates holding and transacting securities in electronic form and settlement of trades stock exchangesAccording to a statement.

CDSL MD & CEO Nehal Vora He said that investors from various states and union territories are now contributing to India’s growth story.

“As another milestone of 7 crore demat accounts is crossed, it is encouraging not only for us but for the entire ecosystem of the Indian securities market,” he added.

CDSL is currently the largest depository in the country in terms of active demat accounts and allows investors to deposit securities by opening an account in an electronic form.