A depository is an institution/organization that stores shares and securities in a digital and dematerialized form. National Securities Depository Limited(NSDL) and Central Depository Service India Limited(CDSL) are the two depositories in India. The depositories, however, do not provide Demat Accounts.
To open Demat Account online, you need to approach a depository participant, like Findoc Financial Services. Depository participants, which can be a brokerage firm or a bank, are the intermediaries who help investors open a Demat Account and facilitate trade in the stock exchange. They act as a bridge between the depository and the stock exchange. At Findoc we are associated with NSDL.