More than 42 lakh new demat accounts have been opened in the month of June. This information has been received from the latest data of Central Depository Services (CDSL) and National Securities Depositories (NSDL). According to the data, more than 42.4 lakh demat accounts have been opened in June, this is the highest level in four months. Due to this, the total number of demat accounts has now increased to more than 16.2 crores. This is 4.24% more than last month and 34.66% more than June 2023. Four months ago, 43 lakh demat accounts were opened in February. 31.30 lakh demat accounts were opened in March, 31 lakh in April and 36 lakh in May. At the same time, 23.6 lakh demat accounts were opened in June 2023 last year. The number of new demat accounts crossed 40 lakh for the fourth time The number of new demat accounts has crossed 40 lakh for the fourth time. Before June, more than 40 lakh demat accounts were opened in December 2023, January 2024 and February 2024. Analysts say that the market is stable and the formation of a new government has created confidence in its continuity. This stability attracts investors to the equity markets. What is a Demat Account? Demat account means dematerialization account. It is just like a bank account, in which you keep share certificates and other securities in electronic form. In this, the process of keeping investments like shares, bonds, government securities, mutual funds, insurance and exchange traded funds (ETF) becomes easy. To open a demat account, it is necessary to be 18 years of age. Anyone above the age of 18 can open a demat and trading account digitally. For this, PAN, bank account, proof of identity and address are required.
