The National Securities Depository Limited (NSDL) on October 24, 2024, issued the notification regarding the Operational guidelines in respect of Payout of securities directly to Client’s Demat account.
The following has been stated namely: -
• Reference is drawn regarding the ‘Enhancement of operational efficiency and Risk Reduction - Pay-out of securities directly to client demat account’ to be implemented with effect from November 11, 2024.
• The operational guidelines are enclosed as namely: -
o Annexure for necessary implementation of guidelines specified. The changes will be implemented in NSDL depository system at EOD of November 8, 2024.
[Notification No. NSDL/POLICY/2024/0159]
