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Depositories


In order to promote dematerialisation of securities, NSE joined hands with leading financial institutions to establish the National Securities Depository Ltd. (NSDL), the first depository in the country with the objective of enhancing the efficiency in settlement systems as also to reduce the menace of fake/forged and stolen securities. The second depository in the country, CDSL promoted by the BSE and a few commercial banks, was granted certificate of commencement of business in February 1999.

This has ushered in an era of dematerialised trading and settlement. SEBI has made dematerialised settlement mandatory in an ever-increasing number of securities in a phased manner, thus bringing about an increase in the proportion of shares delivered in dematerialised form. Today, more than 99% of settlement of securitiers takes place in dematerialised form

NSE Clearing has established connectivity with both the depositories for electronic settlement of securities.

Contact Details of Depositories

Address Contact Person & Numbers
Phiroze Jeejeebhoy Towers, 
28th Floor
Dalal Street
Mumbai - 400 023
Mr.Cyrus Khambatta 
Senior Vice President
Tel: 
Fax: 22673199

 

Address Contact Person & Numbers
Trade World, 4th Floor
Kamala Mills Compound
Lower Parel
Mumbai - 400 013
Mr. Samar Banwat, 
Vice President
Tel: 24972964 to 70
Fax: 24972993
Updated on: 16/10/2019
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