NSE Surpasses 20 Crore Client Accounts with Digital Growth

The National Stock Exchange (NSE) reported that its client accounts exceed 20 crore, following digital transformation and innovation. This growth highlights robust investor trust and increased trading through mobile apps, significantly impacting tier 2-4 cities. Maharashtra leads with the highest number of accounts, showing the regional contribution to this development.

The National Stock Exchange (NSE) announced on Wednesday a significant milestone as the number of client accounts registered with the exchange exceeded the 20-crore mark. This achievement is attributed mainly to the strides in digital transformation and technological innovation, marking a substantial leap from the 16.9 crore accounts recorded eight months prior.

According to a statement from NSE, this growth mirrors a strong investor faith in India's economic trajectory. The proliferation of mobile trading applications, coupled with heightened investor awareness and government-led digital drives, has broadened market access, notably benefiting investors from smaller cities such as those in tier 2, 3, and 4 categories, as highlighted by Sriram Krishnan, NSE's Chief Business Development Officer.

The expansion is bolstered by initiatives such as simplified KYC procedures, improved financial literacy programs, and sustained positive market sentiments, indicating heightened engagement across investment instruments like equities, ETFs, REITs, InvITs, and bonds. Maharashtra, leading with 3.6 crore accounts, is at the forefront; along with states like Uttar Pradesh and Gujarat, it forms nearly 50% of NSE's client base.

(With inputs from agencies.)