CDSC Urges Investors to Renew Demat Accounts to Avoid Suspension and Freezing of Shares

CDS and Clearing Limited (CDSC) has recently issued a request for investors to pay the annual renewal fee of their beneficiary (Demat) accounts. According to CDSC, investors must settle the renewal fee with their depositors before the end of each financial year.

Failure to comply with this requirement may result in the withholding of the investor's beneficiary account by the deposit member, as stated by CDSC. Additionally, CDSC has emphasized the importance of renewing the demat accounts promptly, as failure to do so might lead to account suspension and potential closeout while selling shares in secondary market.

To facilitate the renewal process, CDSC has provided investors with the option to renew their demat accounts through "Mero Share." However, it is crucial to note that only the "Mero Shares" method of renewal is accepted.

For those investors who neglect to renew their demat accounts, CDSC has announced that their shares will be frozen starting from the 15th of Bhadra 2080. To avoid such consequences, CDSC urges all investors to promptly renew their demat accounts and comply with the necessary renewal procedures.