Electronic Debit Instruction Slip comes knocking at the doors; “Likely to get implemented from the next week”, says Mr Suresh Neupane of CDSC

Thu, Sep 27, 2018 12:24 PM on Latest, Stock Market,

CDS and Clearing Limited has stated that the Electronic Debit Instruction Slip (e-DIS) will probably be introduced from the coming week.
Spokesperson of CDSC, Mr Suresh Neupane say,” e-DIS is under final stage. It will be implemented after the viewing the confidence of the Depository Participants and Brokers.”
With the introduction of this system, the investors will not have to face any kind of hassle to physically carry the slip and visit the broker office. However, this service will only be available for the 3,16,500 Meroshare users.
“Tomorrow we are having a training programme for the DP and if everything goes according to the plan, e-DIS will be there from next week.” Says Mr Neupane.
With online trading, investors will be able to trade without visiting the broker and the implementation of e-DIS will allow the clearing of transaction without visiting the broker. It will be an added benefit to the investors who have been looking forward to the online trading system.