The Depository Participant (DP) is the link between the investor, the company and CDSL and provides Services like Account Opening, Dematerialisation, Processing Delivery and Receipt Instructions, Account Statement, Pledging, Rematerialisation etc. Central Depository Services (India) Ltd. (CDSL) is an Indian central securities depository, founded in 1999. [3] CDSL is the largest depository in India in terms of number of demat accounts opened. In February 2022, CDSL became the first depository in India to open 60 million active demat accounts. [4] . CDSL stands for Central Depository Services (India) Ltd, a government-owned depository that holds securities in electronic form . Learn how CDSL works, what are its features and benefits, and how to open a Demat account for using its services. CDSL Full Form CDSL full form is – Central Depository Services Limited. It is jointly promoted by the century-old Bombay Stock Exchange (BSE), State Bank of India (SBI), Bank of India (BOI), Bank of Baroda, Standard Chartered Bank, Union Bank of India, Axis Bank and HDFC Bank. It is the second most popular public sector depository service in India after NSDL. Gone are the days of physical certificates of stocks and securities. As a result, the hazardous task of physically handling these ...
