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CDSL is Central Depository Securities Ltd. Trade done at Bombay Stock Exchange(BSE) is directly linked to CDSL. Source: http://www.tip4trade.com
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What is a Demat service?
It is the service offered by the Depository for the investors to convert their shares of physical form to electronic form. Depositories are NSDL,CDSL. Depository Participants are the intermediaries for the Depository and the Investor.
Is it possible to transfer securities from NSDL demat account to cdsl demat account of same account holder?
YES.Interdepository transfer of securities is possible.
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What is D- account?
DP means Depository Participant of CDSL (Central Depository Services (India) Limited). A DP account is necessary if you intend to hold your securities and/or trade in the electronic form. The DP account must be opened by you with a Depository Participant, which may or may not be your broker.
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