Total number of demat accounts in india reaches 20 million

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The total number of demat accounts in India (A/C that is used to keep share certificates in electronic form), is inching towards 20 million or 2 crore mark, as more than 1 miilion new accounts were opened this year so far till October 2011.

At the end of Oct 2011, the total number of demat accounts as maintained by NSDL and CSDL stood at around 1.97 crore mark up from about 1.86 crore as on Dec 2010.

However the rate of increase in the number of investors account have slowed down significantly from the recent years.

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