The National Securities Depository Limited (NSDL) on May 04, 2026, notified regarding the Amendment to the Business Rules of NSDL about the dispatch of the Consolidated Account Statement (CAS) for all securities assets.
The following has been stated:
• It has amended its Business Rules relating to the dispatch of Consolidated Account Statements (CAS) for all securities assets, mainly revising Rule 14.3 and Annexure K. The amendment standardizes the frequency of account statements—monthly emails when transactions occur, half-yearly statements when there are no transactions but balances exist, and a single annual statement in cases of nil balance or inactivity —while BSDA accounts continue to receive quarterly statements.
• It emphasizes secure electronic delivery through digitally signed, password-protected emails and secure web access, while preserving the client’s right to opt for physical statements. Importantly, where NSDL directly sends CAS to clients, Depository Participants are relieved of the need to send duplicate statements unless specifically requested.
[Notification no. - NSDL/POLICY/2026/0071]
