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NSDL

National Securities Depository Limited is India’s first securities depository and one of two SEBI-registered depositories with CDSL.

NSDL pioneered dematerialisation of securities in the Indian market.

Investors hold via a DP in NSDL or CDSL; both are SEBI-registered depositories.

Transfers, pledges, and corporate-action credits flow through NSDL systems for its clients.

Inter-depository transfers move securities between NSDL and CDSL when needed.

Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.