Question: How Do I Know If CDSL Or NSDL?

Is Zerodha on CDSL or NSDL?

Zerodha is a depository participant of the CDSL depository.

This means Zerodha works as a service agent for a demat account which is held by CDSL, one of two central depositories..

What is CDSL DP charges?

DP charges levied by the IIFL are used while an account holder sells any kind of stocks, shares, bonds, etc. to the other party. … 5.5 + 0.04% of the transaction value per script as a DP charge from its CDSL linked customers and Rs. 4.5 + 0.04% of the transaction value per scrip for the NSDL demat account holders.

What is DP name?

The DP name is the depository participant’s name. … The DP ID is the number assigned to the depository participant by the depository. The DP ID is different from the 16-digit demat account number. Typically, the first eight digits of the demat account number are the DP ID.

Can a person have 2 demat accounts?

Yes, You can have two Demat Accounts or for that matter, any number of Demat or Trading Accounts.

What are NSDL and CDSL charges?

Though NSDL/CDSL are government institutions, they need to earn a revenue, and the way they earn is by charging a transaction fees whenever shares leave your demat account. Both NSDL/CDSL charge around Rs 5 per debit, that is Rs 5/Scrip/Day (immaterial of how many times you have sold during the day).

How can I check my demat account?

A Demat Account number is your personal identification number assigned to you by the Depository Participant with which you have opened your account. It is equally important to learn even if you are about to open a demat account. In the case of CDSL, the demat account number is called BO ID or Beneficiary Owner ID.

What is NSDL DP?

DP ID – also known as the Depository Participant Identification – is a number assigned to the Depository Participant such as a bank, financial institution and broking firm by the NSDL and CDSL. Secondly, a demat account number is usually a combination of the customer ID and the DP ID of the demat account holder.

How do I know if my demat account is active?

Just try and log in with the credentials you have for that account, if it still logs in, your account is active. I think it would be active still unless there is an authorized intimation from our side. Because I have faced this and of course my account is still open with SBI and IIFL.

How can I check my demat account in CDSL?

‘CDSL easi’ is a portal by CDSL (Central Depository Services) where you can view and keep track of your DEMAT holdings.To register, go to https://www.cdslindia.com/ and select ‘Login to – New System Myeasi (BO/CM)’On the login page, click on Register for Easi.More items…

Is HDFC Securities NSDL or CDSL?

In case of any ambiguity, the contents of the English version would prevail….Account Opening Documents.Name of Depository ParticipantHDFC BANK LIMITEDNSDLDP IDClient IDIN30012611178642, 11178157, 11248012, 11276555IN300476415618324 more rows

What is CDSL DP TXN charges?

DP charges are the revenue source for depositories and its participants. DP charges are a flat transaction fee, irrespective of the quantity sold. Hence, the fee charged is per scrip and not the volume sold. So, these charges remain the same whether you sell 1 share or 100 shares.

What happens if demat account is not closed?

After some time, your demat account is declared a dormant account (inactive). This means you can’t do any transaction until it’s reactivated. To reactivate, you have to pay the reactivation fee (~ Rs 500) and clear all the dues (AMC + interest). To close a dormant demat account; you have to reactivate it first.

Which is better NSDL or CDSL?

Both NSDL and CDSL are depositories, and technically there is no difference between the two. NSDL started in 1996 vs CDSL in 1998. NSDL has NSE as its largest shareholder whereas CDSL has BSE. … NSDL holds more because of a tie up they managed to get with some of the big banks in India.

Which bank has lowest charges for demat account?

Bank Demat Account Charges (3-in-1 Account Charges)BrokerAcct Opening FeeBrokerage (Eq Delivery)ICICI Direct₹00.55%HDFC Securities₹9990.50%Kotak Securities₹7500.49%AxisDirect₹9000.50%3 more rows•Sep 7, 2018

What is the easiest CDSL registration?

Logon to www.cdslindia.com • Click on ‘Login to – My easi’ link available under ‘Quick Links’ on homepage. Click on ‘To Register for easiest’ link • Enter DPID and Client ID • Please read ‘Terms and Conditions’ and click on ‘I Agree’ • The system will ask to change the username, enter email ID, mobile no. etc.