National Securities Depository Limited

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National Securities Depository Limited
Central securities depository
IndustryBusiness Services
FoundedAugust 8, 1996 (1996 -08-08)
HeadquartersMumbai, India [1]
Key people
G.V. Nageswara Rao
(MD & CEO) [2]
ProductsDepository Services

National Securities Depository Limited (NSDL) is an Indian central securities depository based in Mumbai.[3] It was established in August 1996 as the first electronic securities depository in India with national coverage. It was established based on a suggestion by a national institution responsible for the economic development of India .[4]


Although India had a vibrant capital market which is more than a century old, the paper-based settlement of trades caused substantial problems such as bad delivery and delayed transfer of title. The enactment of Depositories Act in August 1996 paved the way for establishment of National Securities Depository Limited (NSDL), the first depository in India. It went on to establish infrastructure based on international standards that handles most of the securities held and settled in de-materialised form in the Indian capital markets.

In the depository system, securities are held in depository accounts, which are similar to holding funds in bank accounts. Transfer of ownership of securities is done through simple account transfers. This method does away with all the risks and hassles normally associated with paperwork. Consequently, the cost of transacting in a depository environment is considerably lower as compared to transacting in certificates. In August 2009, number of Demat accounts held with NSDL crossed one crore.[5]

Payments Bank[edit]

RBI issued licence to NSDL to operate as a payment bank in India from 29 October 2018 under section 22(1) of Banking Regulation Act 1949 to carry payment transactions.

Promoters / shareholders[edit]

NSDL is promoted by Industrial Development Bank of India Limited (IDBI) - the largest development bank of India, Unit Trust of India (now, Administrator of the Specified Undertaking of the Unit Trust of India) and National Stock Exchange of India Limited (NSE) - the largest stock exchange in India.[6] Some of the prominent banks in the country have taken a stake in NSDL.

Other Shareholders

Company structure[edit]

NSDL Group comprises National Securities Depository Limited (NSDL), NSDL Database Management Limited (NDML) and NSDL e-Governance Infrastructure Limited. NSDL e-Gov was originally set up as a Depository in 1995. NSDL also has a subsidiary company NSDL Database Management Limited.

NSDL Facts & Figures[edit]

As of 31 January 2016

As on September 30, 2018 Number of certificates eliminated (Approx.) (in Crore) 3167 Number of companies in which more than 75% shares are dematted 8977 Average number of accounts opened per day since November 1996 3682 Presence of demat account holders in the country 99.29% of all pincodes in the country

Corporate Social Responsibility (CSR)[edit]

The company was associated with Dr. Babasaheb Ambedkar Vaidyakiya Pratishthan (BAVP), Aurangabad; Borderless World Foundation (BWF), Pune and Nana Palkar Smruti Samiti (NPSS), Mumbai for providing financial assistance for various corporate social responsibility (CSR) projects. Under CSR, company supported Borderless World Foundation's Kashmir project Kashmir Life Line which is the first critical care emergency medical service in Jammu and Kashmir State.[7][8]


  1. ^ "DDA scam: Were PAN cards forged?". The Times Of India. 24 February 2009.
  2. ^ "NSDL to conduct investor awareness seminars - The Economic Times". 16 June 2008. Retrieved 12 February 2011.
  3. ^ "NSDL". NSDL. Retrieved 12 February 2011.
  4. ^
  5. ^ "NSDL demat accounts cross 1-cr mark". The Financial Express. 20 August 2009. Retrieved 7 October 2013.
  6. ^ "Promoters / Shareholders". Retrieved 20 January 2009.
  7. ^
  8. ^

External links[edit]