Open Your Demat Account with Jetrade - Depository services in India
Open your Demat account with Jetrade! – Jetrade offers you best depository services in India. Important function of depository services is holding shares & securities in the form of electronic certificates dematerialized. In existing depository services function, securities are held in depository accounts which are same as banking accounts. Transfer of share & stock ownership can be done by simple account transfer.
There are two types of Depository Services:
· NSDL (National Securities Depository Limited)
· CDSL (Central Depository Services Limited)
NSDL (National Securities Depository Limited): - This Corporation is located in Mumbai, India. Working for central securities depository in India. It’s promoted by institutions of national reputation and responsible for the electronic development of India.
NDLS is promoted by NSE (National Stock Exchange), IDBI (Industrial development bank of India Ltd.), UTI (Unit Trust of India), and some of prominent banks in country have taken a stake in NSDL.
NSDL is promoted by IDBI (Industrial Development Bank of India Limited), UTI (Unit Trust of India), NSE (National Stock Exchange), and some of prominent banks in the country have taken a stake in NSDL. Like SBI, HDFC Bank, Axis Bank, OBC, Dena Bank, Canara Bank, Union Bank of India etc.
CDSL (Central Depository Services Limited): - This is the second Indian central securities - Depository services in India based in Mumbai. CDSL is promoted by Bombay Stock Exchange (BSE), State Bank of India (SBI), Bank of India, Bank of Baroda, HDFC Bank, Standard Chartered Bank, and Union Bank of India.
For more articles and Technical Analysis click here: http://www.jetrade.in/depository-services.aspx
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