2.9What is NSDL?
1What is it?
NSDL (National Securities Depository Limited) is India’s first depository, set up in 1996.
2Why does it exist?
It started India’s move from paper certificates to electronic shares. Many full-service and bank brokers use NSDL.
3Stock market example
NSDL demat account numbers start with "IN" followed by 14 characters. NSDL sends a consolidated account statement (CAS) of all your holdings.
4Quick revision
- NSDL was India’s first depository (1996).
- Account IDs start with "IN".
- Sends consolidated statements.
5Knowledge check
Q1. What does NSDL stand for?Show answer
National Securities Depository Limited.
Q2. How does an NSDL demat ID begin?Show answer
With "IN".
Q3. In which year was NSDL set up?Show answer
1996.