NSE to set up service centres in Vadodara, Patna and Lucknow

Leading stock exchange NSE will open new investor service centres at Vadodara, Patna and Lucknow from Monday, in a move to extend its reach to investors and trading members.
"With a view to enhance access and reach to investors and trading members, the exchange is setting up new Investor Service Centres at Vadodara, Patna & Lucknow with effect from June 30, 2014," the National Stock Exchange (NSE) said in a circular today.
The investor service centres would look after investor affiars related to complaints resolution as well as by facilitating arbitration mechanism, among others.
NSE has investor service centres at various places in the country including Mumbai, Delhi, Kolkata, Chennai, Ahmedabad and Hyderabad.

With a view to extend the reach of arbitration facilities to the investors, Securities and Exchange Board of India (Sebi) in July 2013, had asked the bourses to increase the number of investor services centers.
According to the market regulator, increasing the number of centres would reduce the travelling and other incidental costs to investors in case they choose to avail these facilities.