Upstox is CDSL or NSDL?

Upstox Account Opening

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Upstox is a Depository Participant (DP) of central depositories CDSL with DP ID as 81800. Check RKSV CDSL Membership detail.

CDSL (Central Depository Services Limited) and NSDL (National Depository Services Limited) are 2 central depositories in India that holds your demat account.

Stock Brokers like Upstox only play the role of intermediary between the customers and the central depository.

Note: Before taking the membership of CDSL, Upstox had a partnership with IL&FS. IL&FS has NSDL membership. While most Upstox clients are moved to Upstox DP, some may still be using the IL&FS NSDL account.

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Topic: Upstox Demat Account Review

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