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What is the role of a Depository?

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Depositories are institutions that hold investors' securities (likeshares, debentures, and mutual funds) in an electronic form in a Demat account.

The role of the Depository is:

  1. To offer Demat accounts to investors.
  2. Hold, and maintain a record of securities in Demat accounts for investors.
  3. Make online trading fast & secure.
  4. Settlement of trades carried out on the exchange.
  5. To reduce the paperwork involved in the transfer of financial securities.

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