Sponsor Area

Financial Markets

Question
CBSEENBS12004924

What do you mean by the Depository? Explain

Solution

Depository: A Depository is an institution which holds the shares of an investor in electronic form. It acts as a bank where investors can open a securities account and deposit the electronic form of securities. At present, there are two depository institutions in India.

  1. NSDL: National Securities Depository Limited.
  2. CDSL: Central Depository Limited.