SEBI launches no-frills demat accounts for investors
PrintListen to this Article
The Securities and Exchange Board of India(Sebi), today launched no-frills demat accounts for individual retail investors. There will be no annual maintenance charges of deposits of up to 50,000 rupees, while deposits between 50,001 rupees and 200,000 rupees will be 100 rupees. Sebi said the ‘basic services demat accounts’ have been started to “extend the reach of IPOs for the benefit of retail investors”.
The product is launched with a view to encourage an investment culture in the country. An individual can hold only one such account in his name across all depositories.
Category : SEBI | Comments : 0 | Hits : 513
SEBI Mandates AIFs to Upload NAV Data on Depository Platforms To strengthen disclosure standards and streamline processes, the Securities and Exchange Board of India (SEBI) has instructed Alternati...
India's securities regulator has accused current and former executives at the local units of PwC and EY, among others, of breaching insider trading rules involving a 2022 share sale by Yes Bank, a...
A financial influencer, also known as finfluencer, who was also involved in imparting training related to stock market trading has been asked to part with a little over ?12 crore, which it made unlawf...
Comments