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What is CDSL and NSDL ?

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NSDL means National Securities Depository Limited which deals with National Stock Exchange (NSE).

CDSL means Central Depository Services Limited which deals with Bombay Stock Exchange (BSE).

NSDL and CDSL are electronic depositories that hold all the securities electronically in de-materialised format.

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Priya Gurunathan
1. Priya Gurunathan  Nov 19, 2011 15:17 I Like It. | I Don't Like It. | Report Abuse Reply
National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) are depositories.
Depositories hold various securities like shares in electronic form.
A DP (Depository Participant) is like an agent of these depositories.
Investors open their account with depositories via depository participants.

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  29. What is a clearing member account and how is it different from a beneficiary account?
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  35. I am not a frequent trader on stock exchange. What should I do with Transaction Statement?
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  39. How long can I hold the shares of a company? What are the changes applied in holding shares for the long term?
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  51. My signed Power of Attorney is still in courier. Can I still trade?
  52. How can I get dividends directly to the bank instead of the cheque? Is there any online application?
  53. Can I add another person to my demat account?
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  56. What is the differences between NSDL and CDSL?
  57. Does any stock broker offer CDSL Easiest facility?
  58. Can I transfer shares from CDSL demat account to NSDL demat account?

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