Depository Participants Of India
A depository participant otherwise known as a DP has been an integral aspect of the indian stock markets
as it has been the platform for hastening the growth of dematerialisation in the country.
Why Do You Need A Depository Participant ?
A DP is akin to a bank for stocks and shares. It is a financial intermediary which holds your stocks in
the electronic form and debits your account on your instructions when you sell your stocks and credits your
account when you buy your stocks.
It provides for seamless transactions of securities in the stock markets. A leading depository participant of
the country is SHCIL. However, lately, several depository
participants have become active in India and provide a healthy competitition for enhancing service standards.
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