Tirupati Balaji gets demat account: 5 things you want to know

Zee Media Bureau

New Delhi: The Dalal Street has got its priciest member with Lord Balaji of the Tirumala Tirupati Devasthanams (TTD) opening a demat account.

Here are five things you want to know about it.

1. Tirumala Tirupati Devasthanams will now accept shares and securities as donations from devotees.

2. TTD has started its account in Stock Holding Corporation of India Limited (SHCIL)

3. The account number allotted to it is 1601010000384828

4. Tirumala Tirupati Devasthanams also accepts online donations and has tie-ups with several banks

5. Shares and securities are held electronically in a dematerialised (or 'Demat account') instead of the investor taking physical possession of certificates