Central Depository Services (India) Limited (CDSL) is one of India's two main depositories, facilitating the holding and trading of securities in electronic form. Brokers, in their capacity as Depository Participants (DPs), are the crucial link between investors and CDSL, enabling clients to open demat accounts and hold their shares digitally.
Many brokers across India are registered as Depository Participants with CDSL to offer demat account services to their clients. These DPs act as an agent of the depository, providing services such as dematerialization, rematerialization, transfer of securities, and settlement of trades.
Examples of brokers that use CDSL as their depository are:
CDSL Depository Participants
| DP Name |
|---|
| PACE STOCK BROKING SERVICES PRIVATE LIMITED |
| PADAM TOWERS SECURITIES LIMITED |
This list represents only a small fraction of the numerous financial institutions and stockbrokers that operate as Depository Participants with CDSL. You can find a comprehensive list of all CDSL DPs on the official CDSL website. When opening a demat account, your chosen broker will facilitate the account opening with either CDSL or NSDL (National Securities Depository Limited), depending on their affiliation.
