What is the function of National Securities Depository Limited (NSDL)?

investment (1)

Some major functions of National securities depository limited are

1. It maintains investors’ holdings in the electronic form.

2. It enables the surrender and withdrawal of securities to and from the depository.

3. If effects settlement of securities traded on exchanges.

4. It carries out settlements that have not been done on the stock exchanges.

5. It makes allotment in electronic form, of initial public offerings (IPO).

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(Source : https://www.quora.com/What-is-the-function-of-National-Securities-Depository-Limited-NSDL)

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