Is ICICI Direct NSDL or CDSL?

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ICICI Direct offers both NSDL and CDSL depositories for demat account. Customers can choose one of them while opening an account. ICICI Securities is the depository participant (DP) with both NSDL and CDSL.

National Securities Depository Ltd (NSDL) and Central Depository Services India Ltd (CDSL) are two central securities depositories approved by the Government of India. They are the only two companies to hold your demat account. Stock broker (depository participant) like ICICI Securities works like an agent to service your demat account.

While both depositories are similar, NSDL transaction changes are higher than CDSL. If you do not know, choose CDSL.