Description
NSDL aims at ensuring the safety and soundness of Indian marketplaces by developing settlement solutions that increase efficiency, minimize risk and reduce costs. At NSDL, we play a central role in developing products and services that will continue to nurture the growing needs of the financial services industry.
National Securities Depository Limited (NSDL) is a financial organization created to hold securities such as bonds, shares etc. … These securities are held in depository accounts such as funds held in bank accounts. It facilitates prompt transfer of securities as ownership is transferred simply through book entries.
Is NSDL a government company?
NSDL India is not a Government-owned company. It is a privately held and professionally managed company that is authorised by the Government of India to offer depository services in India. NSDL is planning to go public in near future. NSDL was promoted by the Nation Stock Exchange Ltd (NSE) in 1996.
The primary reason for the establishment of NSDL is the elimination of risks associated with certificates. Risks such as physical wear and tear, fire, destruction etc. are all avoided when securities are held in a demat format. Additionally, it saves the cost of issuing duplicate physical copies of certificates.
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