Which of the following is/are the depositories in India handling dematerialized shares?begin{enumerate}item National payment corporation of Indiaitem Central depository services limiteditem Bombay stock exchange (BSE)end{enumerate}

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following is/are the depositories in India handling dematerialized shares?

A
B	Only 1 & 2
C	Only 1
D	Only 2
E	Only 3

Explanation:

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: -We have two exchanges in the country that conduct stock trading: National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). NSDL is the depository for NSE and CDSL is BSE’s depository. CDSL was established in 1999 and NSDL was established in 1996.

Detailed explanation-3: -Central Depository Services (India) Ltd. National Securities Depository Ltd.

Detailed explanation-4: -Central Depository Services Ltd. Central Depository Services (India) Ltd.

Detailed explanation-5: -The mutual fund units would be held in the dematerialised form. You can buy and sell mutual fund schemes through your demat account just like shares. It is a dematerialised account which can hold stocks, mutual funds and other securities.

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