Depository Services

Depository Services

Depository services allow investors to hold and transfer securities such as shares, bonds, equities, and mutual funds in electronic form. It is similar to a bank safekeeping all your cash in an account and facilitating transactions. The two main depositories in India include:

While the Depository System involves paperless trading, a depository agent or a Depository Participant (DP) coordinates between the depository and the investors.

Findoc Financial Services Group is a depository participant of the National Securities Depository Limited (NSDL). We provide a complete range of both offline and online facilities for depository services, everything under one roof.

Benefits of Investing in Depositories

Investing in dematerialised financial assets such as shares, mutual funds, and commodities through depositories offers many benefits.

Here are some of the benefits of investing in depositories:

Instant transfer and registration of securities

Elimination of bad deliveries and other risks involved in physical certificates such as transfer issues, forgery, and loss in transit

Minimum transaction costs and no stamp duty

Corporate benefits such as rights issue and bonus issue electronically

Paperless trading and faster settlement cycles that result in increased liquidity

Ease in handling minor account operations, any change in address, and transmission of securities

Easy portfolio management and periodic reports

Depositories Services We Offer

Findoc Financial Services Group is one of the leading depository service providers in India. Our depository services include:

Dematerialisation

It is the process of converting physical securities such as share certificates and other financial documents into electronic format. The securities are then held in a Demat account.

Re-materialisation

It is the process of converting electronic forms of securities into physical certificates.

Account opening, online transactions, and view

Easily manage your investment in depository securities online.

Pledge

Securities as certificates, instruments, and other documents representing any pledged collaterals.

Delivery and settlement of securities

This involves the actual settlement of securities and interests in securities in the form of money. With paperless trading, the settlement cycle of securities is quite fast.

Why invest with FINDOC?

Findoc provides you with a compulsory and convenient way to hedge your currency risk in the four pairs of currencies traded in India namely Dollar, Euro, Pound, and Japanese Yen against Indian Rupee. Reasons to choose Findoc as your trading platform:

We are the members of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and provide depository services through NSDL.

Select conveniently the exhaustive pairs of currency available to trade in India with our platform.

The platform is well secured and equipped with progressive technology so that you can have access to everything required.

You need not open another account for trading in currency. We provide a hassle-free one-stop solution to all your trading needs under a single umbrella.

Findoc is a reputed name in the financial service industry which brings you a sense of security with your trading positions.

Experience anywhere trading with our platform accessible via mobile app, desktop, and also call-n-trade.

We provide you with a competitive brokerage to preserve your return in every way possible.

Never miss any trade with our round the clock web-enabled customer service support facility.

Get exclusive access to our extensive research provided via daily and weekly newsletters. This can help you hone your edge in the stock market.

Frequently Asked Questions

What do you mean by depository?

Depositories are institutions which hold financial securities such as shares, bonds, mutual fund units, equities in dematerialised form. They track and maintain the ownership records of these securities and also facilitate the trading of depository securities in electronic form. Two main depositories in India include: National Securities Depository Ltd. (NSDL) Central Depository Services Ltd. (CDSL)

What is the role of the depository?

Depositories are responsible for safe-keeping your securities and keeping a record of all your trades. The Depository System involves an electronic system that facilitates easy, paperless trading and faster settlement cycles.

Who is a depository agent?

A depository agent is also known as a Depository Participant (DP) and is responsible to coordinate between the depository and the investors. The relationship between the two is governed by an agreement made under the Depositories Act. A depository agent offers depository-related services to investors after obtaining a certificate of registration from SEBI.

Is a bank a depository?

Depositories may be banks, financial institutions, and other organizations. But it is not necessary for a bank to be a depository also. Any bank that allows you to trade in depository securities and keep a record of your ownership and trading can be considered as a depository bank.

What are depository charges?

Depository charges are originally levied by depositories such as the NSDL or CDSL on Depository Participants (DPs) or depository agents. These charges are then transferred to the traders by the brokers. When you trade in depository securities, you need to pay a specific amount for buying and selling shares in the market.

What are the benefits of the depository system?

Investing in depositories offers benefits such as paperless trading, instant transfer and registration of securities, and ease of handling minor account operations. The Depository System helps you manage your portfolio easily. It is beneficial to everyone, from investors to companies, intermediates, and the overall capital investment market.

What is the difference between depository and custodian?

While the roles of a depository and a custodian are quite similar and often overlapping, these two are different from one another. A depository is a financial institution that holds securities and other financial assets safely. They offer more control, liability, and responsibility for the assets they hold. On the other hand, a custodian is an institution responsible to maintain the custody of assets and ensure their safety.

What services do depository institutions offer?

Depository institutions offer services such as safekeeping securities, facilitating trade and investment in securities, and electronic fund transfers. We at Findoc Group are members of two major stock exchanges that include the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). We offer depository services through NSDL and also allow you to trade via automated, intelligent algorithms.

How many depositories are there in India?

There are two main depositories that are functional in India, which include the National Securities Depository Ltd. (NSDL) and the Central Depository Services Ltd. (CDSL).

What are the services provided by the depository?

Depositories offer services such as dematerialization, which means that they convert physical financial assets and certificates into electronic form securities. This makes it easier for investors to buy and sell shares of these depository securities. They also offer rematerialisation, where they convert electronic securities into physical certificates. Depositories allow transfer and trade of securities and provide easy and quick settlement of trades in financial securities.

Depository Services Blogs

Online services offered by NSDL

NSDL (National Securities Depository Limited) is one of the largest Depositories in the World. Established in August 1996 NSDL, has established a state-of-the-art infrastructure that handles most of the securities held and settled in dematerialized form in the Indian capital market. India’s vibrant capital market which i....

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What is the Admission Criteria to become an NSDL business partner?

NSDL carries out its activities through below mentioned functionaries known as “Business partners”·         Depository Participants (DP)·         Issuer Companies·         Registrar and Share Transfer Agents·         Clearing corporations / H....

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All about Depositories & how do they work

The term Depository refers to a provision or an institution that allows currency deposits to customers to store & safeguard their valuable assets. A depository can be a financial institution, bank, a safe house in which securities are kept and customers are assisted in trading of the same. The paramount thing that de....

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Disclaimer The information contained in this file is provided for informational purposes only, and should not be construed as legal advice on any matter. The content and interpretation of the law addressed herein is subject to revision. We disclaim all liability in respect to actions taken or not taken based on any or all the contents of this file to the fullest extent permitted by law. Every effort is made to avoid errors. In spite of that, errors and discrepancies may creep in. It is expressly stated that neither Findoc Investmart Private Limited nor any of the contributors of updates will be responsible for any damage to anybody on the basis of this document. Readers are, therefore, requested to cross check with the original sources e.g. Government publications, Orders, Judgments etc., before taking any action or making any decision. These services are being provided through our group companies Findoc Capital Mart Pvt Ltd and Findoc Finvest Private Limited

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Important Message The information contained in this file is provided for informational purposes only, and should not be construed as legal advice on any matter. The content and interpretation of the law addressed herein is subject to revision. We disclaim all liability in respect to actions taken or not taken based on any or all the contents of this file to the fullest extent permitted by law. Every effort is made to avoid errors. In spite of that, errors and discrepancies may creep in. It is expressly stated that neither Findoc Investmart Private Limited nor any of the contributors of updates will be responsible for any damage to anybody on the basis of this document. Readers are, therefore, requested to cross check with the original sources e.g. Government publications, Orders, Judgments etc., before taking any action or making any decision. These services are being provided through our group companies Findoc Capital Mart Pvt Ltd and Findoc Finvest Private Limited

Attention Investors
  • 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
  • 2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  • 3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
  • 4. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries forrefund as the money remains in investor's account."
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactionsin your demat account directly from NSDLon thesame day.....issued in the interest of investors."

FINDOC INVESTMART PVT. LTD./FINDOC FINVEST PVT LTD.

Registered Office :

SCO 210-211, Sector 34-A Chandigarh-160022

Corporate Office :

4th Floor, Kartar Bhawan, Near PAU Gate No.1, Ferozepur Road Ludhiana -141001.