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Depository

It is like a bank where securities are held in electronic form. In India

Two Depositories

  • National Securities Depositories Limited (NSDL)
  • Central Depository Services Limited (CDSL).

The Depositories Act

  •  Investors can avail of the services of the Depositories through Depository Participants. 
  •  Depository Participants are like bank branches (shares in physical form need to be deposited for converting the same to electronic form).


If you have to open a Demat account with a DP(Depository Participants ) for an application in the prescribed form is to be filled and signed by the applicant along with supporting documents for different categories of Demat accounts.
 

 

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