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What is the difference between NSDL and CDSL?

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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.

NSDL Vs CDSL

  NSDL CDSL

Company Name

National Securities Depository Limited

Central Depository Securities Limited

Founded

1996

1999

Headquarters

Mumbai, India.

Mumbai, India.

Promoters

IDBI Bank, UTI, etc.

HDFC, SBI, BOI, BOB etc.

Operating Market

National Stock Exchange (NSE)

Bombay Stock Exchange (BSE)

Topic: CDSL Meaning


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