CDSL DP
CDSL DP
CDSL’s demat services are covered by its agents called Depository Participants (DP). The DP is the link between the investor and CDSL. An investor who opens a demat account with a DP can utilize the services furnished through CDSL. While the DP procedures the directions of the investor , the account and records thereof is maintained with CDSL. A DP is thus a “service centre” for the investor.
The centralised architecture also grants CDSL-DP to make available to the investors a to-the-minute status of their account and transactions. CDSL-DPs can also establish branches with direct electronic connectivity with CDSL.CDSL’s system is based on centralised database architecture with on-line connectivity with DPs. Because of this centralised architecture, the cost for setting up a DP outfit under CDSL organization is significantly lower. Similarly, the recurring costs to be found through a CDSL-DP in terms of maintaining back-ups and the related data storage are minimal. This enables a CDSL-DP to provide depository services to investors at an attractive price and at the same time achieve break-even faster at much lower volumes.
Services
The Depository Participant (DP) is the link between the shareholder, the company and CDSL and provides the following services:
Account Opening
Dematerialisation
Processing Delivery & Receipt Instructions
Account Statement
Rematerialisation
Pledging
Nomination
Transmission of securities
Change in Address
Bank Account Details
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CDSL EXAM LIFE TIME VELDITY EXAM
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