The Market Infrastructure Institutions (MIIs), comprising Exchanges, Clearing Corporations and Depositories, have successfully implemented the Direct Payout Settlement mechanism for securities on February 25, 2025, under the guidance of Securities and Exchange Board of India (SEBI).
This initiative aims to enhance efficiency, transparency, and investor protection, ensuring seamless direct credit of securities to clients’ demat accounts. We believe this mechanism will strengthen market integrity and operational efficiency.
About National Securities Depository Limited (NSDL)
NSDL is India’s first and leading depository. It is the first depository to reach ?500 Lakh Crore (US $ 6 Trillion) in value of assets held in custody in September 2024.[1] The market share of NSDL in value of demat assets is 86.83% in fiscal year 23-24.[2] NSDL demat accounts are in 99.3% of pin codes in India with 63,000+ service centres in FY 23-24 covering every state & union territory.[3] As of March 31, 2023, NSDL is the largest depository in India in terms of number of issuers, number of active instruments, market share in demat value of settlement volume and value of assets held under custody.
NSDL facilitates holding and transfer of securities in dematerialised form. NSDL offers an array of value-added services to investors and new age Brokers and Participants such as NSDL SPEED-e App, APIs/Technology integrations, Margin pledge, e-DIS Digital LAS, FPI monitoring and many more.
NSDL, through its subsidiaries offers a range of IT enabled solutions:
NSDL Database Management Limited (“NDML”) is currently providing services for e-governance project for SEZs in India such as SEZ Online for the Government of India, KYC Registration Agency (KRA), Insurance Repository for e-insurance policies, managing paper to follow process on behalf of National Payments Corporation of India, assisting SEBI registered capital market intermediaries to digitally onboard new clients and perform necessary diligence and KYC, and assisting academic institutions in issuing awards digitally.
NSDL Payments Bank Limited (“NPBL”) is currently engaged in the business of payment banking, including accepting demand deposits, providing payment solutions, remittances or recharge services through its mobile application, issuance of debit cards and co-branded prepaid cards, and offering domestic money transfer, mutual fund investment services, bank verification services for corporate brokers and insurance investment services.
No comments:
Post a Comment