BSE crosses milestone of 7 crore registered users

Of the 7 crore users, 38 per cent fall in the 30-40 age bracket, followed by 24 per cent in 20-30 and 13 per cent in the 40-50 age bracket.

New Delhi: Leading stock exchange BSE on Monday crossed the milestone of seven crore registered users based on Unique Client Code (UCC) amid the coronavirus pandemic.

The journey from 6 crore to 7 crore users took just 139 days, as compared to 241, 652 and 939 days needed for the previous milestones of 6 crore, 5 crore and 4 crore, respectively, the BSE said in a statement.

Of the 7 crore users, 38 per cent fall in the 30-40 age bracket, followed by 24 per cent in 20-30 and 13 per cent in the 40-50 age bracket.

The growth has been fuelled by tech-savvy young users, with an age profile of 20-40, who contributed 82 lakh of the 1 crore user additions from 6 crore to 7 crore, the exchange said.

In terms of states, Maharashtra and Gujarat lead in terms of investors with a share of 21.5 per cent and 12.3 per cent of the total 7 crore investors, followed by Uttar Pradesh at 7.5 per cent and Karnataka and Tamil Nadu at 6.1 per cent each.

Over the last few years BSE said it has been working with members for e-enabling customers with a less-paper ecosystem and on-boarding through an easy and hassle-free digital process.

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