![]() It was established based on a suggestion by a national institution, responsible for the economic development of India., &, Central Depository Services Limited (CDSL) is the second Indian central securities, depository based in Mumbai. It was established on 8th November 1996 as the first electronic securities depository, in India with national coverage. The term can also refer to a depository, institution that accepts currency deposits from customers., There are two depositaries in India and those are NSDL and CDSL., National Securities Depository Limited (NSDL) is an Indian central securities depository based, in Mumbai. It can refer to an organization, bank, or institution that holds, securities and assists in the trading of securities. What is a Depositary, A depository is a facility such as a building, office, or warehouse in which something is deposited, for storage or safeguarding.
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