CDC launches Digital Account Opening solution to facilitate investors
CDC is constantly launching novel digital solutions like eIPO, Dividend Repository etc. to facilitate investors and transform Capital Market infrastructure, making it more efficient and robust.
In line with this strategic vision, CDC has launched its “Digital Account Opening Solution”. Through this facility Investors can now fill the account opening form online and download the same once completely validated by CDC personnel. This new digital solution will help eliminate the need for multiple visits by investors to CDC premises for opening account with CDC.
Investors are provided with real-time tooltips regarding the essentials of filling the account opening form, limiting the potential of discrepancies and errors. After successful completion of the online form, investors arerequired to visit CDC House only once for In-Person Verification (IPV). CDC is also working on a model through which investors will be provided the option of fulfilling their IPV requirement remotely, avoiding the hassle of visiting CDC offices.
The above solution is available initially for opening of CDC IAS Account only. In the second phase of the project, this facility will be extended for opening of CDC Sub-Account as well. For details, please visit www.cdcpakistan.com.