CDSL

CDSL is one of the two authorised depositories in India. They hold financial securities like shares, bonds, and mutual funds in electronic form for customers.

CDSL definition

Central Depository Services (India) Limited (CDSL) is one of the two authorised depositories in the India Capital Market. A Depository is an institution that holds financial securities like shares, debentures, and mutual funds in an electronic form (De-Materialized form).

CDSL holds these securities in a Demat Account offered by the company to its customers. A Demat Account is similar to a Bank Account but instead of money, it holds shares and mutual funds in electronic format. A Demat Account makes online trading fast, secure and convenient.

CDSL provides its services through Depository Participants (DPs). A DP is an agent of the Depository who acts as an intermediary between the investors and the depository. In most cases, stock brokers are DP members of CDSL. As of 31st Jan 2022, CDSL has 588 DPs and holds over 3 Crore investor Demat accounts.

CDSL Functions:

CDSL offers the below Depository services to investors through its DP’s:

• Demat account
• Dematerialisation of physical security certificates
• Rematerialisation of electronic securities
• Processing Delivery and Receipt instructions
• Pledging of securities (like shares and bonds)
• Facilitating change in address or bank account details linked with the demat account

CDSL Demat Account

CDSL Demat account is a Demat Account offered to the customer by CDSL. A Demat account holds financial securities like shares, debentures, and mutual funds in digital format. CDSL Demat Account is offered to the customer by stock brokers (CDSL members).

CDSL e-Services

CDSL offers a range of direct online services through their portal CDSL easi and CDSL easiest for investors to monitor and operate their Demat account online. Some of the services offered are:

Check your holding online.

CDSL E-voting allows shareholders of companies to vote on resolutions of the company electronically.

CDSL Charges

CDSL charge various fees for demat transactions done with them. A stock broker who is a CDSL member also charges these fees to the customer. Demat debit transaction charge (when shares are withdrawn from the demat account) is among the main charge a customer should be aware of.

List of CDSL Charges

• Account Opening Charges
• Account Maintenance Charges
• Debit Transaction Charges
• Pledge Creation Fees
• Pledge Invocation Fees
• Dematerialisation Charges
• Rematerialisation Charges
• Delivery Instruction Slip Charges
• Account Statement Charges

CDSL CAS

A CDSL holding statement is also known as the CDSL CAS (Common Account Statement).

The CDSL CAS has details of the holdings and transactions in an investor’s NSDL and CDSL Demat account. The CAS also contains details of Mutual Funds units held in a Statement of Account form.

The CDSL CAS is sent to an investor every month if there is any transaction in his/her Demat account or mutual fund folios. If not, the CDSL CAS is sent on a half-yearly basis in April and October every year.

An investor can also download the CAS from the CAS tab on the CDSL website www.cdslindia.com.

CDSL Easi

CDSL Easi is CDSL’s internet-based facility that allows the investors to access, view, and monitor their Demat holdings on the go. Easi stands for electronic access to securities information. CDSL Easi is beneficial for the Demat account holders and the brokers because it allows them to:

View and print the holding/transaction statement with the valuation based on the previous day’s exchange closing price.
Monitor corporate action announcements for the securities held in the Demat account.
View multiple Demat accounts by the Demat account holder through a single login id.

CDSL Easiest

CDSL Easiest is an advancement to CDSL Easi. Easiest stands for Electronic Access To Securities Information and Execution of Secured Transaction.

CDSL Easiest has all the benefits of CDSL Easi incorporated in it. Apart from it, CDSL Easiest also enables an investor to submit off-market, on-market, inter-depository, and early pay-in debit instructions from his/her Demat account using an internet-based facility.

CDSL DP ID format

A CDSL Demat account number known as the Beneficiary Owner Identification (BO Id), is a 16-digit numeric ID.

The first 8 digits represent the depository participant (DP) ID with whom the investor has opened the account. The last 8 digits are unique to every customer.

For example, if you have an account with Zerodha your CDSL demat account number details would be;

CDSL Demat Account Number Example

CDSL Demat Account Number (Beneficiary ID)

1308150012121323
DP ID
13081500
Unique Client ID
12121323

CDSL TPIN

A CDSL TPIN is a 6-digit password that authorizes a broker to debit the selected shares from an investor’s account to meet the settlement obligation.

TPIN is a newly introduced facility by CDSL that replaces the Power of Attorney. It ensures safe and seamless transactions./

NSDL Vs CDSL