Depository Services India is for everyone

Depository Services India is for everyone

Depository Services India are the interface that connects the investors to their securities which are held electronically in a DEMAT or depository account. These DEMAT accounts are almost identical to the savings accounts that every one holds in some or the other bank. Today almost all of the total selling and buying of shares and other securities that happens in India is carried out through a DEMAT account. The two main depository agencies handling and regulating all these accounts in the form of a government body are the Central Depository Services Limited and the National Securities and Depository Limited. Abbreviations for both of them are CDSL and NSDL respectively.

Investors get many facilities for having accounts with firms that deal with and specialize in Depository Services India. Monthly statements of transactions and securities held, internet banking, "sms banking", faster transactions, frequent updates of stock market conditions and the rates of shares and securities. Tips about which shares should be bought and which should be sold etc.

It is much better to keep shares and securities in an electronic form rather than physical storage as a lot of hassles are involved in safe-keeping of these physical shares. Electronic storage totally eliminates a lot of risks such as theft, loss of shares, bad deliveries, frauds, infringements, defamation ad defacing of shares, damage due to air or water or even natural calamities.

Today most of the banks that operate DEMAT accounts and offer Depository Services India know that the storage of these shares is a multi-million dollar business and they are also aware of the fact that these shares need to be kept in utmost confidentiality and security. That is why they not only store the information and date in secure remote storage servers but also keep multiple backups of this data should there be any technical glitch or server crashes as they cannot afford to lose these details or let them fall into the hands of criminals and financial fraudsters.

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