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Source: Live Mint After a strong four-month period demat account additions for October 2024 saw a decline amid volatility in the Indian stock markets, according to ANI citing an ICICI Securities report. Demat accounts additions exceeded 4 million in the preceding four months and saw a decline below the number in October 2024, it noted….
Source: Live Mint The dematerialization process First, open demat accounts for the transferor and the transferee. “We get two demat accounts—one for the transferor and one for the transferee. If units are in physical form, they must first be dematerialized,” explains Amit Sahita, director of Fincode Advisory Services Pvt. Ltd. View Full Image Graphic by…
Source: Business Standard 2 min read Last Updated : Oct 09 2024 | 7:15 PM IST The number of dematerialised (demat) accounts — used for holding shares and other securities electronically — rose by 4.4 million in September, reaching a total of 175.4 million. It marks an average addition of 4 million accounts monthly…
Source: Live Mint We are in a phase of economic evolution where social security for oneself and family is achieved and shaped largely by individual financial planning and efforts rather than as a community mechanism, although a small part may be facilitated by government-backed mechanisms like the Employees’ Provident Fund, which does not cover the…
