CLOSE X
Depository - FAQs

Depository Services

What is a Depository ?

A depository is an organization where the securities of an investor are held in electronic form. A depository can be compared to a bank. Besides holding securities, a depository also provides services related to transactions in securities.

As an investor, you open a securities account with a DP. DPs are attached to the depositories very much the same way as commercial banks are attached to RBI. All interactions including account opening, dematerialization, transactions, pledge etc. are done through the DP.

National Securities Depository Ltd. (NSDL) and Central Depository Services Ltd (CDSL) are the two DPs available in India. NSDL is the first depository to have started in India, whereas CDSL followed suit. However, most of the services offered by both these depositories are similar. Today, almost all the companies listed in dematerialized form with NSDL are available with CDSL.

The person who holds a demat account is a beneficiary owner. In case of a joint account, the account holders will be beneficiary holders of that joint account.

A DP Id is the number of the depository participant allotted by the depository.

You can select your DP to open a demat account just like you select a bank for opening a savings account.

ATTENTION INVESTORS KYC IPO

Group Companies Members of : BSE, NSE, MCX, MCX.SX, CDSL, Broking Services, Depository Services, Portfolio Management Services, Member Area IPO Distribution, Insurance Broking
BSE Clearing No.: 911 | SEBI Regn. No.: INZ000177531 (Cash/F&O) | NSE Clearing No.: 11858 | SEBI Regn. No. INZ000177531 (Cash/F&O/CDs) | MCX-SX Clearing No.: 11400 | SEBI Regn. No.: INZ000177531 (CDs) |
CDSL DP ID: 30300 | SEBI Regn. No.: IN-DPCDSL-210-2003 | MCX SEBI Reg No.: INZ000032336 | MCX: 10665 | NBFC RBI Regn. No.: 13.01851

© Copyright 2018 Ajmera Associates Ltd ( ISO 9001:2015 Certified )
Designed, Developed & Content Powered by  Accord Fintech Pvt. Ltd.