Stock Market
What is CDSL (Central Depository Services)? — Meaning, Definition & Example
Definition
CDSL is India's second securities depository, established in 1999, promoted by BSE. It holds securities in electronic form. CDSL accounts start with '12' prefix. As of 2025, CDSL has more demat accounts than NSDL due to the rise of discount brokers like Zerodha which use CDSL.
💡 Real Example
Most discount broker accounts (Zerodha, Groww, Upstox) are with CDSL, while traditional brokers (ICICI Direct, HDFC Securities) often use NSDL.
🇮🇳 CDSL (Central Depository Services) in Hindi / हिंदी में
CDSL — CDSL भारत की दूसरी सिक्योरिटीज डिपॉजिटरी है, 1999 में BSE द्वारा स्थापित। डिस्काउंट ब्रोकर्स के कारण CDSL में अधिक डीमैट अकाउंट हैं।
CDSL (Hinglish) — CDSL India ki doosri securities depository hai, BSE ne 1999 mein establish ki. Zerodha, Groww jaise discount brokers CDSL use karte hain.
❓ Frequently Asked Questions
What is CDSL (Central Depository Services) in simple words?
CDSL is India's second securities depository, established in 1999, promoted by BSE. It holds securities in electronic form. CDSL accounts start with '12' prefix. As of 2025, CDSL has more demat accounts than NSDL due to the rise of discount brokers like Zerodha which use CDSL.
Can you give an example of CDSL (Central Depository Services)?
Most discount broker accounts (Zerodha, Groww, Upstox) are with CDSL, while traditional brokers (ICICI Direct, HDFC Securities) often use NSDL.
What is CDSL (Central Depository Services) meaning in Hindi?
In Hindi, CDSL (Central Depository Services) is called CDSL. CDSL भारत की दूसरी सिक्योरिटीज डिपॉजिटरी है, 1999 में BSE द्वारा स्थापित। डिस्काउंट ब्रोकर्स के कारण CDSL में अधिक डीमैट अकाउंट हैं।