Depositories are Government bodies which hold investment securities such as shares, bonds, and ETFs in an electronic format. In India, there are two main depositories — Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL), which work with different stock exchanges. A Depository Participant acts as a bridge between these depositories and the investor.
With a demat account in place, an investor can proceed with hassle-free electronic trading through the Depository Participants. Eureka Stock and Share Broking Services Ltd. is a partner to CDSL and NSDL, offering depository accounts for both individual investors and corporates. Here, you are promised efficient depository services by a team that is in the know of global trends and accelerates the settlement cycle.