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Single DMAT Account for all financial investments by 2015

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Feb 4 2014

Finance minister P Chidambaram has asked financial sector regulators to prioritise moving to a single DEMAT account for all financial investments.

Chidambaram was chairing a meeting of the Financial Stability Development Council and asked regulators to priortise common demat account for financial assets, which will add considerable benefits to consumers.

6-Feb-2014

Few days later, Market regulator SEBI said investors will soon be able to have a single dematerialized account for all classes of their financial investments.

SEBI, Joint Director, Prabhakar R Patil at an annual national conference at Guru Jambheshwar University of Science and Technology (GJUST) said –  “All financial instruments can be operated through single dematerialized account and this facility will be operational by the end of 2014-15.

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