The Hindu Business Line : 26.26 lakh demat a/cs still under suspension

Mumbai, July 17 Of the total 103.64 lakh demat accounts registered with leading depositories National Securities Depositories Ltd (NSDL) and Central Depository Services Ltd (CDSL), 26.26 lakh demat accounts still remain frozen in the fast half of the financial year as the account holders have not yet submitted details of their PAN card.

The Securities and Exchange Board of India had made it mandatory for all investors to provide PAN card details for transactions in the cash market from January 1.

CDSL has suspended 4.44 lakh accounts, of which, 1.64 lakh accounts have some balance or holding. The active accounts, in which ,details are available stands at 21.50 lakh as on June 30, 2007.

While the total frozen accounts with NSDL is 21.82 lakh, a whopping 9.70 lakh accounts hold some positions. The active accounts with NSDL at the end of July 14, are 55.82 lakh accounts.

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26.26 lakh demat a/cs still under suspension