NSE and SEBI Organises Seminar in Patna to Promote Financial Awareness
PATNA, July 26: India’s leading stock exchange the National Stock Exchange and market regulator SEBIorganised a seminar in Patna, one of the largest commercial centres in Eastern India, to spread awareness about the financial markets and encourage people to cultivate safe investing habits. NSE has also recently opened an Investor Service Centre (ISC) in the city to help investors redress their grievances.
A large number of residents of Patnaattended the seminar, where senior officials from SEBI, the National Securities Depository Ltdand NSE were present.NSE officials spoke about the importance of savings and the precautions investors should take while trading. They also spoke about how the new ISC in Patna will benefit investors.NSE focuses a lot on creating awareness in East India and regularly conducts financial education initiatives in the capital cities in East India and smaller towns in the region.
The ISC in Patna will handle investor queries, resolve investor complaints and provide arbitration mechanism for quasi-judicial settlement of disputes. It will also conduct awareness programmes for educating investors about the securities market.The ISC in Patna is the first suchcentre in Bihar. With the inauguration of this new ISC in Patna, investors in this region will no longer have to travel to Kolkata for complaint resolution, and will get access to these services closer home. NSE officials at the ISCs endeavor to resolve all complaints within 15 days. If the complaints are not resolved within 15 days, or if the aggrieved parties are not satisfied, the complaints are referred to the Investor Grievance Resolution Panel, which consists of external members.
NSE has14 Investor Service Centres in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Indore, Jaipur, Kanpur, Kolkata, Mumbai and Pune, Lucknow, Vadodara and Patna.
NSE officials at the Seminar interacted with the visitorsto spread awareness on the financial markets. The investors were cautioned against gettingcarried away by market rumors or promises ofexceptionally high returns. They were also cautioned that it is not necessary to share the power of attorney with the broker. Investors were told that they can register their cell numbers and emails with their broker and the exchange will send them text and email alerts at the end of the trading day, so that investors can verify their trades. Investors were also advised to check their bank accounts and demat accounts to check whether the funds and securities have been transferred to their accounts, when settlement is done.
NSE takes a number of initiatives every year to educate investors about the financial markets and on products like exchange traded funds, through which investors can invest in small amounts and track their investments in a transparent way. For instance it is possible to invest in one unit of Nifty ETF by just investing one tenth the value of the Nifty index (less thanRs. 800) and get good returns over a ten year period.
About NSE: National Stock Exchange of India (NSE) was set up to provide a modern, fully automated screen-based trading system with national reach. NSE offers trading in equities, futures & options in equities, currency and interest rates, fixed-income, exchange-traded products and provides a platform for distribution of mutual funds and mechanism for securities lending and borrowing. According to the World Federation of Exchanges (WFE), NSE is ranked the world’s largest exchange in currency options and index options. NSE’s flagship index, the Nifty 50, is used extensively by investors and market participants in India and around the world, to take exposure to the Indian equities market. For more information, please visit: www.nseindia.com.
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