Thread by @Finology_Quest

Few services Depository provide🧾📈

• Dematerialization
• Rematerialization
• Trade Settlements
• Share Transfer
• Nomination/Transmission

But what does Depository mean?

Let's find out ⤵

A depository is an entity engaged in the safekeeping of securities of the stock market. A depository is like a bank of the investing world.

While banks maintain accounts and balances of customers, depositories maintain investors’ Demat accounts and safeguard securities.

#stocks

The two depositories of India are:
1⃣ CDSL
2⃣ NSDL

Some facts about the CDSL (Central Depository Services Limited):

👉Formed in 1999
👉Has ~599 registered Depository Participants
👉Promoted by BSE.
#StocksMarket #finance

Some facts about the NSDL (National Securities Depository Limited):

👉Formed in 1996
👉Has ~278 registered Depository Participants
👉Promoted by IDBI Bank ltd., Unit Trust of India and NSE.

There are 10+ roles depositaries play.

Here are a few of them ⤵
blog.finology.in/stock-market/d…