A depository can be compared to a bank, a depository is an organisation which provides services to clients by holding securities in electronic form, in the same manner as a bank holds your money. Further, a depository also transfers your securities from one account to another without actually handling securities, in the same way as a bank transfers funds without actually handling cash, i.e. a depository also provides services related to transactions in securities.
A Depository Participant (DP) is an agent of the depository. He opens the accounts and maintains the securities account balance of the investors and conveys them the status of their holding from time to time. He functions as a mediator between the issuing company and the investors through the depository. As per SEBI guidelines, banks, stock brokers, etc. can become depository participants.
Depository Participants offers a well managed and safe way to hold the securities in electronic form as compared to physical or paper form. Wellindia Securities Ltd. is a depository participant with the Central Depository Services (India) Limited for trading and settlement of dematerialized shares. We provide you with a secure and convenient way for holding your securities at CDSL.
You may have the dual benefits of trading and depository services under one crown and experience efficient & managed punctual depository service. Our depository services include settlement, clearing and custody of securities, registration of shares and dematerialization. We offer depository services to create a seamless transaction platform. Wellindia Depository Service is part of our value added services for our clients that create multiple interfaces with the client and provide for a solution that takes care of all your needs.