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> Depository Service
Depository Service

A Depository Service refers to “An organization that facilitates holding of securities in the electronic form and enables to provide investors relating to transaction in securities”.

A Depository Participant (DP) can be a financial organization like banks, brokers, financial institutions, custodians, etc., acting as an agent of the Depository to make its services available to the investors.

There are two depositories in India, namely NSDL and CDSL.
Why open Depository Service :

• Safe & Convenient
• Lower Charges
• Quick Transfer
• Increased liquidity
• Elimination of Risks
• Convenience
• Auto Credit