NSDL is a central securities depository of India. It was founded on 8th August 1996. On a suggestion by a national institution, it was established, for the economic development of India. In August 1996 the enactment of the Depositories Act paved the way for NSDL’s establishment. NSDL was the first depository in India.
Securities are held in depository accounts in the depository system; these accounts are the same as holding funds in bank accounts. Through simple account transfer, the transfer of ownership of securities is done. This process does away with paperwork and risks associated usually. The cost related to this depository transaction is also lower than transacting in certificates. The number of Demat accounts of National Securities Depository Limited (NSDL) crossed one crore in August 2009.
Company’s Business Profile
G.V. Nageswara Rao is the managing director and Chief Executive Officer of National Securities Depository Limited.
• NSDL’s website is – www.nsdl.co.in
Reserve Bank of India issued a license to National Securities Depository Limited from 29th October 2018 to operate as a payment bank in India and carry payment transactions, under section 22(1) of the Banking Regulation Act 1949.