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1. Priya Gurunathan   I Like It. |Report Abuse|  Link|November 19, 2011 2:17:25 PMReply
National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) are depositories.
Depositories hold various securities like shares in electronic form.
A DP (Depository Participant) is like an agent of these depositories.
Investors open their account with depositories via depository participants.

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