Depository is an organization that holds securities for safekeeping to facilitate the transfer of ownership. Depositories like NSDL and CDSL dematerialize securities and maintain electronic records of ownership and transfer of securities. NSDL and CDSL are the two depositories in India that facilitate holding securities in electronic form and settlement of trades in the Indian capital markets.
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Depository is an organization that holds securities for safekeeping to facilitate the transfer of ownership. Depositories like NSDL and CDSL dematerialize securities and maintain electronic records of ownership and transfer of securities. NSDL and CDSL are the two depositories in India that facilitate holding securities in electronic form and settlement of trades in the Indian capital markets.