CDSL TO ISSUE IIN FOR MF INVESTORS

Central Depository Services (India) Ltd. (CDSL) has been appointed as the issuing authority of “Investors Identification Number (IIN)” previously known as Client Identification Number. The deadline to issue IIN, has been extended to January 1,2007.

Editorial Note :
A demat account number of investor or PAN number could be considered as enough for MF investors. AMFI should work out data sharing with NSDL and CDSL without requiring investors to incur cost and effort to obtain another identification.