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CDSL demat tally tops 80 million, overall count crosses 111 million

2.2 mn new accounts added in January, highest since August last year

Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate.
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Sundar Sethuraman Mumbai
The number of demat accounts opened with the Central Depository Services (India) (CDSL)  —  the country’s largest depository of such accounts  —   has crossed the 80-million mark.

The overall demat account tally, meanwhile, crossed 111 million at the end of January — five months after it hit the 100-million milestone.

Nehal Vora, managing director (MD) and chief executive officer (CEO), CDSL, said that an enormous number of investors across various states and union territories have contributed to the growth.

National Securities Depository (NSDL) accounted for 31 million accounts at the end of last month and had assets under custody (AUC)