National Securities Depository Limited (NSDL) is the country's largest Securities Depository which was introduced on November 8th, 1996. NSDL was originated to combat the paper-based trade settlement which was considered as an obligation for the national security. It was organized by a group of lawmakers to tackle the securities. It is a popular organization spread all over India with an average of 3586 NSDL accounts opened every day.
NSDL is mostly preferred by the people over certificates as the transaction under NSDL proves to be cheaper in comparison to certificates. It is one of the leading financial organizations of the country posing as the stakeholders as well as the promoters.
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