Difference Between NSDL and CDSL


Difference Between NSDL and CDSL

NSDL and CDSL are the depository of Indian stock market. The shares which you purchase in your demat account is held and maintained by depository in an electronic format. There is no major difference between both the depository in context of their purpose and work. Both NSDL and CDSL are registered by the Government of India and Stock Exchange Board of India (SEBI).

What is NSDL?
NSDL stands for National Securities Depository Limited. It was established in the year 1996 and is one of the largest depositories in the world.

What is CDSL?
CDSL stand for Central Depository Services Limited. It was established in the year 1999 and is the first listed depository in India.





Year of Establishment



Primary Operating Market

National Stock Exchange (NSE)

Bombay Stock exchange (BSE)

Demat Account Format

14 numeric digits and starting with “IN”

16 Numerical digits


National Stock Exchange (NSE), Industrial Development Bank of India (IDBI) and Unit Trust of India (UTI)

Bombay Stock exchange (BSE), State Bank of India (SBI), HDFC Bank, Bank of Baroda, Bank of India, and Standard Chartered Bank



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