CDC reduces Investor Account Annual Maintenance Fee
Central Depository Company’s (CDC) products and services are developed to facilitate Capital Market investors and promote investor protection. Over the years, the Company has taken a series of landmark initiatives to encourage and assist investors in their day to day activities. In line with this aim, CDC has drastically reduced the annual maintenance fee for its Investor Account by 27 percent, effective from July 2017.
It is not the first time that CDC has reduced tariff of its services. The Company proudly fosters a legacy of keeping investors’ benefit before Company interest. This recent reduction in fee allows Investors to open and maintain an Investor Account with CDC for only Rs. 550, instead of the previous fee of Rs. 750. Furthermore, Investor Account custody fee has also been reduced by over 11 percent.
This move will boost the resolve of Capital Market investors to keep their securities safe and secured with CDC’s Investor Account. The IAS Account offers investors direct access to their securities, and is directly operated by CDC on their instructions.
Investor Account holders are also offered free value added services that include comprehensive web access, eAlerts, SMS alerts, IVR, online transactions through web portal and mobile application.