BANKING AFFAIRS

Detailed explanation-1: -In India, there are two depositories: National Securities Depositories Ltd (NSDL) and Central Securities Depositories Ltd (CDSL). Both the depositories hold your financial securities, like shares and bonds, in dematerialised form and facilitate trading in stock exchanges.

Detailed explanation-2: -NSDL, one of the largest Depositories in the World, established in August 1996 has established a state-of-the-art infrastructure that handles most of the securities held and settled in dematerialized form in the Indian capital market.

Detailed explanation-3: -NSDL and CDSL are share depositories that hold the shares of millions of stock market investors in an electronic form. NSDL or National Securities Depositories Limited and CDSL or Central Depositories Services Limited are share depositories registered with the government and incorporated by the market regulator SEBI.

Detailed explanation-4: -The CDSL Demat account number is 16 digit numeric code and NSDL code is a 14 digit numeric code that starts with IN. For example, a Demat account number assigned by CDSL will be 0143876589104321 while an NSDL Demat account will have a number in the format of IN01234567891044.