NSE conducts 459 investor awareness programmes in East and North-East India

These programmes were conducted in major states like West Bengal, Odhisa, Jharkand & Bihar, northeastern states such as Arunachal Pradesh, Assam, Meghalaya, Nagaland, Tripura, Sikkim and the island UT of Andaman and Nicobar.The maximum number of programmes were conducted in Jharkhand (142), then followed by Odhisa (120) and West Bengal (109).

Distant districts of Assam (Barpeta, Bongaigaon, Kokrajhar), Tripura (Gomati, Khowai, Sepaijila) and interior districts of Meghalaya, Nagaland, Arunachal Pradesh, Sikkim, Andaman & Nicobar, among others, were covered by NSE officials for spreading financial literacy amongst masses.

Ravi Varanasi, Chief-Business Development, National Stock Exchange, said, "We have constantly reached out beyond metro cities, with an aim to bring more people into the formal financial system. Growth in the financial sector will throw up multi-dimensional opportunities in the coming years. Our attempts will also ensure faster financial inclusions.’’


Officials of Securities Exchange Board of India addressed the gathering in several programs. Some of these programs were also addressed by the authorities from local administrations, local self-help organizations, among others.

During these programmes, investors were advised on the steps they should take, to ensure that their interests are protected. They were given guidance on how to trade cautiously, not to get misled by market rumors and invest according to a wise investment plan. Investors were also educated on the precautions they should take before, during and after trading. 

 

These included a discussion on checking contract notes issued by brokers to investors, to verify whether only authorized trades have been executed by a SEBI registered broker. Investors were also given advice on not getting lured by promises of exceptionally high returns and on the need to check the statement of accounts, to ensure that all transactions are as per the client’s advice and consent. 


To ensure investor protection, they were advised on the mandatory and voluntary documents that should be executed between the investor and the member broker, and on the need for investors to see the risk disclosure documents, if they are first time investors, for safe investing.   Investors were also advised that giving a power of attorney to the broker is voluntary and not mandatory. Different grievance redressal mechanisms were also discussed with investors, so that they can get their complaints resolved at an early stage.