New Delhi, Nov 22 (PTI) Central Depository Services on Wednesday said the number of demat accounts on its platform has crossed the 10-crore mark.

Central Depository Services (India) Ltd, or CDSL, began operations in 1999 and facilitates holding and transacting in securities in the electronic form and settlement of trades on stock exchanges.

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In a statement, the depository announced "the crossing of another milestone as more than 10 crore demat accounts were registered with CDSL".

CDSL is the largest depository in the country in terms of active Demat accounts and allows investors to deposit securities by opening an account in electronic form (dematerialised).

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)