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What is a Depository?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

A depository is like a bank where securities like equities, mutual funds, IPOs etc., are held in electronic form. The depository opens and manages the demat accounts. In India, NSDL and CDSL are two national depositories.



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