Question : PANLESS DEMAT ACCOUNTS



(a) whether some de-mat accounts have been freezed in the absence of Permanent Account Number(PAN), this year;

(b) if so, the total amount involved in these accounts;

(c) whether some accounts have been released; and

(d) if so, the details thereof?

Answer given by the minister


MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)

(a): Yes, Sir.

(b): The value of holdings in frozen accounts with the Depositories as on August 31, 2007 was Rs. 95,769 crore.

(c): Yes, Sir.

(d): 18.86 lakh demat accounts have been released by the depositories since January 1, 2007 after submission of PAN details by the account holders.