FULL FORM OF CDSL

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         CDSL stand for Central Depository Services Limited. It is promoted by together State Bank of India,Bank of India,Bank of Baroda,HDFC Bank,Standard Chartered Bank,Axis Bank and the Union bank of India. It is considered as the second most popular public sector in India after NSDL.

FUNCTION OF CDSL 

     Central Depository Services Limited functions like a bank only difference is that in bank money is kept whereas in CDSL stocks,shares,bonds etc in electronic forms. It is an administrative body that holds the securities of an investors in an electronic format when it is asked by the investors through a registered depository participant.
     The main function of Central Depository Service Limited is to provide safe,reliable,useful and secure depository services to the investors or traders. CDSC established in 1999 after getting approval from the Securities and Exchange Board of India. CDSL offer different services for holding the securities,equity, bonds,commercial papers,government certificates of deposit etc.

ADVANTAGE OF CDSL


  •         The main advantage of Central Depository Service Limited is that all the holding are in electronic format so there is no risk of loss,theft or damage. 
  •         When transferring the securities in dematerialized format stamp duty is not to be paid.
  •         Through CDSL companies can directly credit their investors in case of bonus issue of shares or any right issue.
  •        Investors can get updated information about the listed company management about the holdings and can track the change in any detail related to the security or stock.
  •       The CDSL send the statement which contains all the holdings of that period,it will be helpful for the investors to make financial decision related the holdings.      

  

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