{"id":11673,"date":"2022-05-20T11:22:59","date_gmt":"2022-05-20T05:52:59","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=11673"},"modified":"2023-10-17T13:40:14","modified_gmt":"2023-10-17T08:10:14","slug":"learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/","title":{"rendered":"Learn about NSDL and CDSL before You Start Investing in Stocks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d3edf981c9b\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d3edf981c9b\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#What_is_CDSL\" title=\"What is CDSL?\">What is CDSL?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#What_is_NSDL\" title=\"What is NSDL?\u00a0\">What is NSDL?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#What_are_the_Services_Offered_by_Depositories\" title=\"What are the Services Offered by Depositories?\">What are the Services Offered by Depositories?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#What_are_Depository_Participants\" title=\"What are Depository Participants?\">What are Depository Participants?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#NSDL_vs_CDSL_Key_Differences\" title=\"NSDL vs CDSL: Key Differences\">NSDL vs CDSL: Key Differences<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#Which_One_is_Better_NSDL_or_CDSL\" title=\"Which One is Better, NSDL or CDSL?\">Which One is Better, NSDL or CDSL?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#What_are_the_depository_charges_for_holding_an_Indian_Demat_account\" title=\"What are the depository charges for holding an Indian Demat account?\">What are the depository charges for holding an Indian Demat account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#Are_shares_purchased_by_investors_stored_in_a_depository_or_Demat_accounts\" title=\"Are shares purchased by investors stored in a depository or Demat accounts?\">Are shares purchased by investors stored in a depository or Demat accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#Who_has_more_investor_accounts_CDSL_or_NSDL\" title=\"Who has more investor accounts, CDSL or NSDL?\">Who has more investor accounts, CDSL or NSDL?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#Can_I_transfer_shares_from_NSDL_to_CDSL\" title=\"Can I transfer shares from NSDL to CDSL?\">Can I transfer shares from NSDL to CDSL?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#Is_CDSL_a_government-owned_company\" title=\"Is CDSL a government-owned company?\">Is CDSL a government-owned company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/#Interested_in_how_we_think_about_the_markets\" title=\"Interested in how we think about the markets?\">Interested in how we think about the markets?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">Depositories are administrative bodies that help investors handle their financial instruments. Essentially, they function like banks to store bonds, shares, and market acquisitions in a convenient electronic form.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The primary function of a depository is to provide security and liquidity in the market. The National Securities Depository Limited NSDL and CDSL Central Depository Services Limited (CDSL) are registered Indian depositories. They facilitate the holding of securities in dematerialized form. Moreover, they enable the transfer of financial instruments like bonds and <a href=\"https:\/\/kuvera.in\/explore\/stocks\/c\/all\">stocks investments<\/a>.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>To get all details about NSDL and CDSL, read on.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/kuvera.in\/explore\/fixed-deposit\/c\/all\"><img loading=\"lazy\" class=\"size-large wp-image-13417 aligncenter\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-1024x334.jpg\" sizes=\"(max-width: 640px) 100vw, 640px\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-1024x334.jpg 1024w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-300x98.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022-768x250.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/FD-Banner_14-July-2022.jpg 1080w\" alt=\"Online Fixed Deposits on Kuvera\" width=\"640\" height=\"209\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_CDSL\"><\/span>What is CDSL?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Established in 1999, CDSL is the depository for the Bombay Stock Exchange. Officially regulated by the Securities and Exchange Board of India (SEBI), CDSL holds financial instruments, for example, shares and <a href=\"https:\/\/kuvera.in\/explore\/mf\/c\/all\">mutual fund units<\/a>. They have securities in Demat accounts offered by investment companies to their customers.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_NSDL\"><\/span>What is NSDL?<span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">NSDL is a depository for the National Stock Exchange that holds and helps investors transact mutual fund units electronically. Like CDSL, NSDL also allows the opening of Demat accounts and dematerialization of physical and financial certificates. Additionally, it also provides inter-depository and off-market security transfers.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_Services_Offered_by_Depositories\"><\/span>What are the Services Offered by Depositories?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">NSDL and CDSL serve various purposes, all about the investor&#8217;s requirements. However, irrespective of the depository investors subscribe to, there are some essential services one can get. They are listed below:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Demat account access:<\/b><span style=\"font-weight: 400;\"> Depositories allow investors to open a DEMAT account and begin their investment journey. When investors purchase shares or bonds, the financial instruments are credited to their Demat account and are debited when one sells them. Demat accounts are intermediaries between investors and depositories.\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Dematerialization and materialization of securi<\/strong>ties:<span style=\"font-weight: 400;\"> Depositories allow converting investors&#8217; physical deposits into electronic form. They also will enable the materialization of electronic securities into their physical condition at the sole discretion of investors.\u00a0\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Dividend distribution<\/strong>: <span style=\"font-weight: 400;\">NSDL and CDSL provide all the necessary information to companies willing to distribute their dividends to shareholders. CDSL\/NSDL is a bridge between investors and companies and utilises Demat accounts as transfer instruments.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Risk elimination:<\/strong><span style=\"font-weight: 400;\"> Depositories eliminate risks involved in handling and transferring financial instruments. Before depositories emerged, the inconvenience caused due to handling physical share certificates was huge. Additionally, depositories reduce the cost of running such instruments.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Liaising with clearing corporations:<\/strong><span style=\"font-weight: 400;\"> Depositories allow automatic delivery of securities via clearing agencies. In addition, they are involved in handling confirmations, settlements, and transaction delivery.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Assisting investors:<\/strong> <span style=\"font-weight: 400;\">Depositories help facilitate loans against shares and bonds. Investors can open multiple Demat accounts with either or both depositories. In case of discrepancies, they can also freeze Demat accounts.\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_Depository_Participants\"><\/span>What are Depository Participants?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Depository participants act as intermediaries between investors and the depository. SEBI is responsible for overseeing the functioning of depository participants and sets down specific guidelines for participation in the depository base.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Any financial institution like banks and state financial corporations can become participants. Also, non-banking financial companies or transfer agents, clearing corporations, and stockbrokers can participate, provided they have the necessary infrastructure and training to safeguard investors&#8217; financial information.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"NSDL_vs_CDSL_Key_Differences\"><\/span>NSDL vs CDSL: Key Differences<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Both <\/span>NSDL and CDSL<span style=\"font-weight: 400;\"> are depositories that allow the electronic handling of financial instruments. However, there are some minor differences between the two. They are listed below.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<table style=\"width: 100%;\" border=\"1.5\">\n<tbody>\n<tr>\n<td>NSDL<\/td>\n<td>CDSL<\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">NSDL stores electronic reproductions of stocks, bonds, ETF units, etc., traded on National Stock Exchange (NSE) and promoted by financial institutions like IDBI and UTI.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CDSL stores electronic copies of financial instruments traded on the Bombay Stock exchange (BSE) and promoted by SBI, HDFC, Bank of India, etc.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">NSDL had 276 depository participants as of April 30 2022.\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CDSL had 588 depository participants as of April 30 2022<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Demat accounts begin with IN followed by a 14-digit numeric code.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CDSL Demat account numbers are 16 digit numbers.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">NSDL came into existence in 1996.\u00a0\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">CDSL was established in 1999.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">NSDL and CDSL provide the same services. They function the same way and are both governed by SEBI. Investors cannot choose their depository; it depends on their depository participant. Some participants are registered with both CDSL and NSDL.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Which_One_is_Better_NSDL_or_CDSL\"><\/span>Which One is Better, NSDL or CDSL?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Both depositories perform the same functions and both are part of the governance of SEBI. Therefore, there are no material differences between the two apart from their promoters, Demat account format, and year of establishment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, investors cannot choose their depository. Instead, investors are assigned their depository type depending on the financial instruments they are engaged in and the participant company&#8217;s affiliation. However, there are minor differences between the charges levied on the participatory organisation by NSDL and CDSL.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Final Word<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Depositories like <\/span>NSDL and CDSL<span style=\"font-weight: 400;\"> work under the guidelines set by SEBI. Both offer the same services, and every depository participant is subscribed to either. Therefore, factors such as investment decisions, portfolio performance, and return expectations are not dependent on the depository.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">\n<h4><span class=\"ez-toc-section\" id=\"What_are_the_depository_charges_for_holding_an_Indian_Demat_account\"><\/span>What are the depository charges for holding an Indian Demat account?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Depository participants charge a small fee every time investors make a transaction. Usually, the DP charge is 0.04% of the transaction value or Rs. 25, whichever is higher.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">\n<h4><span class=\"ez-toc-section\" id=\"Are_shares_purchased_by_investors_stored_in_a_depository_or_Demat_accounts\"><\/span>Are shares purchased by investors stored in a depository or Demat accounts?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Shares and all other financial instruments are stored in Demat accounts. Investors need to fill a Depository Instruction Slip, after which they can transfer shares at will.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">\n<h4><span class=\"ez-toc-section\" id=\"Who_has_more_investor_accounts_CDSL_or_NSDL\"><\/span>Who has more investor accounts, CDSL or NSDL?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As of April 30 2022, NSDL had 2,70,78,156 investor accounts, which is more than CDSL.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">\n<h4><span class=\"ez-toc-section\" id=\"Can_I_transfer_shares_from_NSDL_to_CDSL\"><\/span>Can I transfer shares from NSDL to CDSL?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Yes, it is possible to transfer shares from NSDL to CDSL.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\">\n<h4><span class=\"ez-toc-section\" id=\"Is_CDSL_a_government-owned_company\"><\/span>Is CDSL a government-owned company?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">No, CDSL is not a government-owned company.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Interested_in_how_we_think_about_the_markets\"><\/span>Interested in how we think about the markets?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Read more: <a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>Watch\/hear on YouTube:<\/p>\n<p><iframe loading=\"lazy\" title=\"Kuvera Insights\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/videoseries?list=PLDSzQdT9nLmCysU31bg4Ngh7WY2p3UiiI\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit <a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a> to discover <a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and <strong><a href=\"https:\/\/kuvera.in\/explore\/fixed-deposit\/c\/all\">Fixed Deposits<\/a><\/strong> and <a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Depositories are administrative bodies that help investors handle their financial instruments. Essentially, they function like banks to store bonds, shares, and market acquisitions in a convenient electronic form. \u00a0 The primary function of a depository is to provide security and liquidity in the market. The National Securities Depository Limited NSDL and CDSL Central Depository Services [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/learn-about-nsdl-and-cdsl-before-you-start-investing-in-stocks\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":11674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[118,99],"tags":[790,788,786,777,546,791,787,789],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Learn about NSDL and CDSL before You Start Investing in Stocks - Kuvera<\/title>\n<meta name=\"description\" content=\"Read all about the NSDL and CDSL Depositories. 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