Indian Demat Accounts Holders Surge Past 17 Crore in August 2024
India’s financial landscape is witnessing a remarkable transformation as the number of demat accounts has surpassed the 17 crore mark in August 2024. This milestone comes as monthly additions continue to exceed 40 lakh for the sixth consecutive month, reflecting a sustained surge in investor participation.
Key Drivers Behind the Demat Boom
Several factors are contributing to this unprecedented growth in demat accounts:
Digitization of KYC Processes: The ease of completing Know Your Customer (KYC) procedures online has significantly lowered entry barriers for new investors.
Market Performance: With indices like SENSEX and NIFTY reaching new highs, investor confidence is at an all-time high.
Increased Awareness: There is a growing awareness and interest in stock market invest...