What is the difference between NSDL and CDSL?

CDSL and NDSL are the two depositories authorized by the Government of India. Both CDSL and NSDL offer same depository services to their customers. Except they are two different companies, they are pretty much the same.

Their basic function includes:

• Maintaining Demat accounts for investors through their respective registered Depository Participants,
• Holding financial securities like (shares, bonds, and mutual funds) in an electronic form, and
• Enabling securities transactions.