Question: How Do I Know If I Have NSDL Or CDSL?

What is DP name?

The DP name is the depository participant’s name.

The DP ID is the number assigned to the depository participant by the depository.

The DP ID is different from the 16-digit demat account number.

Typically, the first eight digits of the demat account number are the DP ID..

Is CDSL a good buy?

CDSL is one of the two depositories in India, which has been steadily gaining market share. The current year has been quite good for CDSL with the advent of newcomers into the stock market.

Who is the owner of CDSL?

Nehal VoraCentral Depository Services (India) Ltd (CDSL), is the first listed Indian securities depository based in Mumbai….Central Depository Services.TypePublicFoundedFebruary 1999HeadquartersMumbai, IndiaKey peopleNehal Vora (Managing Director & CEO)ProductsDepository4 more rows

Is NSDL safe?

There are two depositories in India, NSDL – National Security Depository Limited and CDSL – Central Depository Services Limited. Is demat account safe? Yes, every demat account is heavily encrypted with respect to access and conducting transactions.

How do I know if a demat account is CDSL or NSDL?

Demat account number format: There is a difference between CDSL and NSDL demat account number. Demat accounts held with CDSL have 16 numeric digits in them and NSDL demat accounts have two alpha numeric digits- ‘IN’ and 14 numeric digits.

How can I check my demat account?

A Demat Account number is your personal identification number assigned to you by the Depository Participant with which you have opened your account. It is equally important to learn even if you are about to open a demat account. In the case of CDSL, the demat account number is called BO ID or Beneficiary Owner ID.

What are NSDL and CDSL charges?

Though NSDL/CDSL are government institutions, they need to earn a revenue, and the way they earn is by charging a transaction fees whenever shares leave your demat account. Both NSDL/CDSL charge around Rs 5 per debit, that is Rs 5/Scrip/Day (immaterial of how many times you have sold during the day).

What is DP in demat account?

DP ID – also known as the Depository Participant Identification – is a number assigned to the Depository Participant such as a bank, financial institution and broking firm by the NSDL and CDSL. Secondly, a demat account number is usually a combination of the customer ID and the DP ID of the demat account holder.

Is Zerodha account NSDL or CDSL?

If you’ve opened an account with Zerodha before 15th September 2015 you will have an IL&FS(DP) DEMAT account, in that case, your DEMAT will be with NSDL(Depository).

Which bank has lowest charges for demat account?

Bank Demat Account Charges (3-in-1 Account Charges)BrokerAcct Opening FeeBrokerage (Eq Delivery)ICICI Direct₹00.55%HDFC Securities₹9990.50%Kotak Securities₹7500.49%AxisDirect₹9000.50%4 more rows•Sep 7, 2018

What is CDSL DP charges?

Depository Participant (DP) charges are the charges levied by a stock broker which is a depository participant and the depository when you sell a stock. … Apart from brokerage charges, you will be levied DP charges of (₹4.5 for NSDL or ₹5.5 for CDSL) + Debit charges levied by the stock broker.

Which is better NSDL or CDSL?

Both NSDL and CDSL are depositories, and technically there is no difference between the two. NSDL started in 1996 vs CDSL in 1998. NSDL has NSE as its largest shareholder whereas CDSL has BSE. … NSDL holds more because of a tie up they managed to get with some of the big banks in India.

Is HDFC Securities NSDL or CDSL?

In case of any ambiguity, the contents of the English version would prevail….Account Opening Documents.Name of Depository ParticipantHDFC BANK LIMITEDNSDLDP IDClient IDIN30012611178642, 11178157, 11248012, 11276555IN300476415618324 more rows

How do I find my NSDL ID?

Enter the following details on the registration page:DP ID (of your DP where you have opened your demat account)Client ID (i.e. provided by your DP)Choose your own User ID (between 3 to 8 characters)User Name.Email ID.Password and Confirm Password (between 8 to 16 characters), both alphanumeric.