Role of CDSL and NSDL in India's Financial Markets

What is the function of CDSL and NSDL in India?

A depository is an entity that holds tradable instruments, such as shares and bonds, electronically. In India, regulated by SEBI (Securities and Exchange Board of India), we have two central depositories: Central Depository Services India Limited (CDSL) and National Securities Depository Limited (NSDL). When companies opt for an Initial Public Offering (IPO) with a size exceeding ₹10 crore, they're required to offer their shares in a dematerialised format. Once allotted, these shares are held electronically in the depository system. 

    • Related Articles

    • How to transfer shares using CDSL Easiest via FYERS?

      Transferring shares from your FYERS account to another Demat account using CDSL Easiest can be accomplished in a few steps. Follow our guide below: Login to CDSL Easiest (refer to this article) and navigate to the 'Transaction' section. Here, select ...

    • How to register for CDSL Easiest services with FYERS?

      Registering for CDSL's Easiest services via FYERS is a straightforward process. Follow the steps below to successfully register: Navigate to the CDSL website. Input your BO ID & DP ID. For guidance on these IDs, refer to this article. Make sure to ...

    • Can NRIs invest in mutual funds in India?

      Non-Resident Indians (NRIs) are eligible to invest in mutual funds in India. The specific guidelines and requirements for NRIs to invest are detailed in the offer documents of the mutual fund schemes. To initiate opening an NRI account, register ...

    • Can I transfer my shares or mutual funds from an NSDL Demat account to FYERS?

      Yes, you certainly can transfer your shares or mutual funds from an NSDL Demat account to a FYERS Demat account. Here's a step-by-step guide to assist you with this process: Request a Client Master Report (CMR): Start by obtaining a CMR from FYERS. ...

    • What are stock market indices and how do they function?

      For many investors, monitoring the movement of every individual stock is impractical. As a solution, stock market indices were introduced to represent a basket of selected stocks, offering a snapshot of the market's general direction. A stock market ...