National Securities Depository

National Securities Depository Limited provides depository and related services in India. The company operates through three segments: Depository, Database management services, and Banking services. The Depository provides services to the investors like, dematerialisation, rematerialisation, holding, transfer and pledge of securities in electronic form, providing facility to market intermediaries for straight through processing and providing e-voting services to companies; Database management services provides national skills registry to IT / ITeS industry and transactions services like SEZ online system on behalf of ministry of commerce and industry, KYC registration agency (KRA) for centralization of the KYC records in the securities market, operations pertaining to the Repository of Insurance Policies; and Banking services provides accepting demand deposits in the form of savings bank deposits, to provide payment/ remittance/recharge services through its mobile application, issue of debit cards for point of sale/Ecommerce and ATM transactions, accepting demand deposits in the form of current account deposits, offering domestic money transfer though Business Correspondent, offering mutual fund investment services through mobile app, offering Bank verification services for corporate brokers, offering insurance investment services through mobile app. The company also provides electronic custody and trade settlement services; and value-added services, including pledge, hypothecation of securities, automatic delivery of securities to clearing corporations, distribution of cash and non-cash corporate benefits, stock lending, demat of NSC/KVP, and dematerialization of warehouse receipts. Further, the company provides e-Services, such as SPEED-e that enables demat account holders, including clearing members to submit instructions directly on the Internet through SPEED-e Website. Additionally, it offers IDeAS, an Internet-based Demat Account Statement setup by the company for demat account holders to view their balances and transactions in demat accounts; STeADY, a facility that enables the brokers to deliver/submit contract notes to custodians/fund managers electronically; depository account validation, a facility that provides an online interface enabling subscribers to validate DP ID, client ID, and PAN of investors through a file upload; and SPICE, a facility to submit power of attorney based instructions for clients electronically. National Securities Depository Limited was formerly known as NSDL Depository Limited and changed its name to National Securities Depository Limited in January 2013. National Securities Depository Limited was founded in 1996 and is based in Mumbai, India.