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Depository Services

A Depository Institution provides Financial Services to Personal and Business Customers. Deposits in the Institution include Securities such as Stocks or Bonds. The Institution holds the Securities in Electronic form also known as Book-entry form or in Dematerialized or Paper Format such as Physical Certificate.

What is Depository?

Depository Participant (DP) is described as an agent of the depository. They act as the intermediaries between the depository and the investors. The relationship between the DPs and the depository is governed by an agreement made between the two under the Depositories Act. Investors must consider the trust-worthy stock trading platforms like Ajmera Group. An effective and fully developed depository system is essential for maintaining and enhancing the efficiency of stock markets.

  • No problem of bad deliveries and fake certificates
  • No loss of certificates in transit and delays in transfer
  • Quick refund and remission of dividend
  • Hypothecation of dematerialized securities for a bank loan

NSDL (National Securities Depository Ltd.) &CDSL (Central Depository Services Ltd.) are two core depository services in India. Ajmera Associates Ltd. (Ajmera x-change) are depository participants (DP) of CDSL. CDSL provides Ajmera Associates Ltd. and its clients (BO - Beneficial owner) the infrastructure of Demat (Dematerialized) Accounts. CDSL securely holds all financial assets of our clients in electronic form and aids in the smooth and secure facilitation of transactions. Investors must consider the trust-worthy stock trading platforms like Ajmera Group.

The depository may be organizations, banks, or institutions that hold securities and assists in the trading of securities. Depository in stock market is one of the primary functions of a depository is to transfer the ownership of shares from one investor account to another when a trade is made. Depository services in India contain Dematerializing your shares, mutual funds , and commodity in electronic form. It has a facility for holding securities, which enables security for transactions by book entry. Depository services have multiple transaction options with minimum transaction costs, fast transfers of securities results in increased liquidity, it also has monthly holding and transaction statements. Depositors as banks and other financial institutions depository in stock market give consumers a place to come in order to make deposits or demand deposits.

Depository services have a facility of SMS alert for debits and credits in your Demat account. Securities such as stocks or bonds are also a form of deposits. The institution holds the depository services securities in electronic form, when they are deposited, which is also known as book-entry form or a paper certificate. Depository Participant (DP) is an agent of the depository who is able to offer depository services. It functions as a mediator between the issuing company and the investors. It opens the account for the investors to maintain the securities account balance and conveys them the status of their holding from time to time.

Ajmera Associates Ltd (DP) is responsible as Depository participant to provide all its clients (Beneficial Owner), a statement of account, at predefined intervals, which gives the details of the security holdings and transactions. Depository services with Ajmera Associates LTD (DP) is a trust-worthy stock trading platform with an effective and fully developed depository in stock market system which is essential for maintaining and enhancing the efficiency of stock markets. This depository system has been successful in eradicating the holding and storing of physical (paper-based) certificates which were prone to duplication, forgery & loss leading to bad deliveries. CDSL also provides an efficient platform for instantaneous transfer of securities.

contact us for more details depository faq

Depository FAQ

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.

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.

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

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.

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

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