What is NSDL and What Services It Offers?
CDSL IPO REVIEW - हिन्दी मे -Central Depository Services Limited IPO - CDSL IPO REVIEW - CDSL -
NSDL is the oldest and largest electronic depository of securities in India, which started its operation in the year 1996, based in Mumbai, Maharashtra. It is the first depository in Indian to offer trading and settlement of securities in electronic or demat form.
The NSDL is promoted by the country’s some of the largest banks and institutions, i.e.
IDBI Bank, UTI and National Stock Exchange (NSE). There are more than 1.5 crore active investor’s accounts in NSDL.
NSDL is having around 26000 service centers covering approx 1900 cities.
Their demat custody is not limited to only shares and their service includes shares, bonds, debenture, commercial papers, mutual funds and so on.
Basic services facilitated by NSDL include account maintenance, dematerialization, settlement of trade, and re-materialization. It also facilitates inter-depository transfers, off-market transfers, pledge, lending, and hypothecation of securities.