Gujarat third highest in country with 1.05 crore demat accounts

Gujarat now ranks third in the country for holding the highest number of demat accounts, with more than one crore accounts. After COVID, the stock market has seen a constant rise in the number of people investing in the market.

The number of unique demat account holders in Gujarat reached 1.05 crore. In just two years, there was a 40% rise in the number of demat account holders.

In 2020, Gujarat recorded 46.61 lakh account holders. By 2022, the number of demat account holders had risen to 73.22 lakh.

Gujarat demat Account Holders (Up to October 2024)

Additionally, many programmes were conducted to educate people on how to invest in the stock market, understand market frauds, and how to protect themselves from fraudulent investments in 2023-24. Over 4,023 programmes were held, with 3.14 lakh participants. In comparison, in 2022, only 54,768 people participated in such programmes, and there were 1,439 programmes.

In 2020, Gujarat recorded 46.61 lakh account holders. By 2022, the number of demat account holders had risen to 73.22 lakh.

State-wise demat account holders