National Securities Depository Limited (NSDL) on Wednesday said it expects to launch its payment bank’s operations within a month as it is awaiting Reserve Bank’s nod.

NSDL has already obtained license from the apex bank and filed an application seeking clearance for launching operations, its managing director and CEO GV Nageswar Rao told reporters here.

He said NSDL has been given licence by RBI to set up a payments bank, focussed on making digital payments.

“It will be a digital bank focussed on making digital payments. In a month’s time, we should be able to commence operations,” Nageswar Rao said.

The application to commence operations is with the RBI, he added.

He said NSDL is currently storing certificates of as many as 40 universities in the country besides CBSE, in electronic form and expected all the universities to come on board in the next two to three years.

All certificates of schools and colleges can be stored in digital form in the national academic depository, Nageswar Rao said adding every student would have a digital account.

“About 50 lakh certificates have been lodged in the depositary. The plan is to cover all the universities and schools. Probably in the next two to three years everybody will have digital certificates,” he said.

Meanwhile, Kotak Securities Ltd announced the launch of .

“Free Intraday Trading” in the presence of Nageswar Rao.

“Free Intraday Trading” is KSL’s innovation-led ambitious organic growth charter to double its customer base in 18 months,” Kotak Securities Limited, Managing Director and CEO Kamlesh Rao said.

It will change the dynamics of the broking industry as secondary market volumes will grow exponentially, he added.

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