Sharekhan is a depository participant (DP) of both NSDL and CDSL depositories. This dual membership allows Sharekhan customers to choose from any one of them while opening the account.
Sharekhan DP Ids
NSDL DP ID: IN300513
CDSL ID: 12036000
For the customer, an account with NSDL or CDSL doesn't make much difference. NSDL and CDSL are the only two governments authorized depositories in India. NSDL is promoted by NSE, IDBI and UTI. CDSL is promoted by BSE, Standard Chartered Bank, HDFC Bank and Canara Bank.
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