NSDL and CDSL provide depository services to investors and clearing members via market intermediaries called Depository Participants (DPs). NSDL and CDSL both doesn’t charge the investors directly but charges its DPs, who are free to have their own charge structure for their clients. In other words, the DP charges are applicable whenever an individual sell any share from … [Read more...]
Clearing Member Account
Clearing Member Clearing members are the members of the Clearing houses those who clears and settles deals via Clearing houses or Clearing corporation. In also addition, a CM (Clearing Member) may clear and settle all deals either on their account or on behalf of their client's subjects to the term and conditions prescribed by the Clearing houses. Whereas, in the case of … [Read more...]
Business Partners of NSDL
1. Depository Participants (DP): An investor enjoy services of NSDL through the Depository Participant (DP) of NSDL. Banks, financial institutions, brokers, custodians, and any other intermediary are some examples of NSDL which are appointed as per SEBI (Depository Participant) Regulations 2018. An investor needs to open a depository account with DP to enjoy the depository … [Read more...]
Services and Benefits of NSDL
Basic services of NSDL According to the provisions of the Depositories Act, there are various services are provided by NSDL to brokers, banks, investors, stock exchanges, and security issuers participants in the Indian Financial Market. To avail of these services, an investor needs to open an account with DPs. There are three types of depository accounts. Beneficiary … [Read more...]
Investor’s account opening process in NSDL and CDSL
When an investor wants to invest in the stock market. They need to open a Demat account in any Depository Participants (DPs) which is registered under CDSL and NSDL (Two depositories service provider in India which are registered with SEBI). DP is the retail broking website under which an investor opens a Demat account which helps investors to deal with securities. The DPs must … [Read more...]