Current Affairs - Banking - Discussion

Instant Demat account opening facility which will help clients to open Demat account instantly without any heavy paper works, was launched jointly by Managing Director & Chief Executive Officer (MD & CEO) of Federal Bank, Shyam Srinivasan and G.V Nageswara Rao, MD& CEO of National Securities Depository Ltd (NSDL). The Demat account can be opened by the customers in a matter of a minute by logging into FedNet which is the federal bank's internet banking portal. The account can be opened any time as it is available 24*7 hours and no paperwork is needed to open the account.