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It was registered by the SEBI on June 7 1996 as Indias first Depository to facilitate trading and settlement of securities in the demat. form. It is promoted by IDBI, UTI, NSE. NSDL aims at ensuring the safety and soundness of Indian marketplaces by developing settlement solutions that increase efficiency, minimize risk and reduce costs.
Industrial Development Bank of India Limited Unit Trust of India (Now, Adminstrator of the Specified Undertaking of the Unit Trust of India) National Stock Exchange of India Limited
State Bank of India HDFC Bank Limited Deutsche Bank A.G. Axis Bank Limited Citibank Standard Chartered Bank HSBC Oriental Bank of commerce Union Bank of India Dena Bank Canara Bank
Promoter
shareholders
Depository Participant (DP) Issuing Companies/ their Registrar & Transfer Agents Clearing Corporation / House
Madras Stock Exchange Ltd. National Stock Exchange of India Ltd. Inter-connected Stock Exchange of India Ltd. OTC Exchange of India The Calcutta Stock Exchange Association Ltd. The Delhi Stock Exchange Association Ltd. The Stock Exchange, Mumbai The Stock Exchange, Ahmedabad
Working of NSDL
Immediate transfer and registration of securities Faster settlement cycle Elimination of all risks associated with physical certificate Reduce paper work Elimination of problems related to change of address of investor Reduced transaction cost Transparency
DPs are allowed to effect any debit and credit to an account only on the basis of valid instruction from the client. Every day, there is a system driven mandatory reconciliation between DP and NSDL. All transactions are recorded at NSDL Central System and in the databases maintained by business partners. Back-up in case of power failure Computer and communication infrastructure Insurance Cover Certification in Depository Operations Investor grievance:
Settlement
Pledge
Upto 5 crore
Above 5 crore and upto 10 crore
6,000
15,000
30,000
50,000
Number of certificates eliminated (Approx.) 1,191 Number of companies in which more than 75% shares are dematted 3,997
Average number of accounts opened per day since November 1996 3,656
Presence of demat account holders in the country 85% af all pincodes in the country
NSDL aims at ensuring the safety and soundness of Indian marketplaces by developing settlement solutions that increase efficiency, minimise risk and reduce costs. Investor Accounts 1,23,65,710 DP Service Centres 14,334 Demat Custody Value 75,54,79 (Rs. Cr.)
(US$1,402 billion)