What is the difference between nsdl and cdsl

Companies can remit the dividend to their shareholders only when they have all the information concerning them. This is where the depositories play a strategic role.

In the earlier days, when shares were sold or purchased, the share certificates had to be transferred. Now with procedures being digitised share selling or purchasing is electronically recorded and a transfer is effected between two demat accounts. There are no costs levied by the depository CDSL when you open a demat account with a depository participant.

Investors and other clearing members can also use the easi portal to check their transactions from the CDSL website itself. One can also keep an eye on multiple demat accounts from the CDSL website itself. However, you can ensure that you choose a good demat service provider. Once you have your demat account you can start trading and investing in the market. An investment advisor can help you invest in the market by providing research-based recommendations. Happy Investing! I hold a certification from NISM in equity sales.

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Both the securities are based out of Mumbai, Maharashtra. Both depositories are government-registered and hold securities e. But there are some points of difference. CDSL was founded in and it holds various securities like shares, bonds, and more in an electronic form. It is also the first depository to cross 4 crore investor accounts. It has around Depository Participants. It works just like a bank. The only difference is that CDSL has securities from investors in electronic form whereas the bank has depositors money.

It is an electronic securities depository and holds securities such as shares, bonds, etc in electronic form.