What is the full form of nsdl?
1 answer(s)
Answer # 1 #
NSDL stands for National Securities Depository Limited. It's India's first and largest electronic securities depository, established in 1996. NSDL holds securities like shares, bonds, and mutual funds in electronic format, eliminating the need for physical certificates. When you buy stocks in India, they're typically held in your Demat account with NSDL (or its competitor CDSL). The depository system made securities trading much safer and more efficient by reducing paperwork and eliminating the risk of lost or forged certificates. NSDL is promoted by institutions like IDBI Bank, UTI, and NSE.