About National Securities Depository Limited- NSDL A Comprehensive Overview of Price & Journey Understanding National Securities Depository Limited- NSDL Inception and Growth Overview NSDL or National Securities Depository Limited is a Depository or financial entity that has been established to hold all securities as tangible or non-physical certificates. NSDL was established in August 1996, and it stands as one of the largest depositories in the world, managing most of the securities held and settled in dematerialized form within the Indian capital market.  Despite India’s dynamic capital market, which spans over a century, the reliance on paper-based settlement methods posed significant challenges. The implementation of the Depositories Act in August 1996 laid the groundwork for NSDL’s establishment.  As a SEBI-registered Market Infrastructure Institution (MII), NSDL has been instrumental in shaping India’s capital markets, pioneering the concept of dematerialization of securities. NSDL rolls out T+0 Settlement India, the first Nation to introduce T+0 Settlement (Beta Implementation) in April 2002, T+3, April 2003, T+2, April 2023, T+1, April 2024, T+0. Using innovative and advanced technology systems, NSDL works to support the investors and brokers in the capital market in India. NSDL aims at ensuring the safety and providing the soundness of Indian marketplaces by developing settlement solutions that increase efficiency, minimize risk and reduce costs. NSDL play a central role in developing products and services that will continue to nurture the growing needs of the financial services industry and capital markets. In the depository, securities are held in depository accounts, which are like holding funds in bank accounts.  Transfer of ownership of securities is done through simple account transfers and this helps in mitigating all the risks and hassles normally associated with paperwork. Consequently, the cost involved in transacting in a depository is considerably lower as compared to transacting in certificates. NSDL has established a strong leadership position in the Foreign Portfolio Investors (FPI) business in India. Currently, around 11,200 FPIs are registered with NSDL which constitutes 99.99% market share of the FPI holdings. The plus point for NSDL is that IDBI Bank Ltd. hold more than 26% in the NSDL, and along with it National Stock Exchange (NSE) holds more than 24% in NSDL. Some other holders include HDFC Bank Ltd, which holds more than 8.95% and the Unit Trust of India with 6.83% stake. Services Offerings Basic Services: NSDL provides various services to its investors, banks, brokers and other security issuers participating in the Indian financial market. Any investor, broker or intermediary who wants to avail services of NSDL, is required to open a depository account with DPs. Account Maintenance Dematerialisation Rematerialisation Market Transfers Off-Market Transfer Inter-Depository Transfer Margin Pledge Transmission / Nomination Corporate Action Value-added Services: NSDL provides various other services like hypothecation of securities, pledges, automatic delivery of securities to clearing corporations, distribution of various cash and non-cash benefits, stock lending, demat of NSC/KVP, demat of warehouse receipts, etc. Some of the services provided are as under: Pledge or Hypothecation of securities Automatic Delivery Out Instructions Dividend Distribution Lending and borrowing Public Issue  SMS Alert NSDL CAS (Consolidated Account Statement) Board of Directors Mr. Parveen Kumar Gupta Former MD (Retail & Digital Banking) of State Bank of India Dr. Madhu Sudan Sahoo Advocate, Dr. Sahoo Regulatory Chambers Ms. Sripriya Kumar (Partner, SPR & Co., Chartered Accountants) Mr. Sriram Krishnan (Chief Business Development Officer-NSEIL Prof. Rajat Moona (Director - Indian Institute of Technology Gandhinagar) Mr. Shailendra Nadkarni Executive Director, IDBI Bank Limited Ms. Padmaja Chunduru MD & CEO, National Securities Depository Limited Capital Markets in India Indian economy contributes at large in the world economy and