National Securities Depository Limited (NSDL)
is an Indian central securities depository under the jurisdiction of Ministry of Finance , Government of India based in Mumbai.
It was established in August 1996 as the first electronic
securities depository in India with national coverage. It was
established based on a suggestion by a national institution responsible
for the economic development of India.
RBI issued licence to NSDL to operate as a payment bank in India from 29 October 2018 under section 22(1) of Banking Regulation Act 1949 to carry payment transactions.National Securities Depository Limited (NSDL) is an Indian central securities depository under the jurisdiction of Ministry of Finance , Government of India based in Mumbai. It was established in August 1996 as the first electronic securities depository in India with national coverage. It was established based on a suggestion by a national institution responsible for the economic development of India. RBI issued licence to NSDL to operate as a payment bank in India from 29 October 2018 under section 22(1) of Banking Regulation Act 1949 to carry payment transactions.
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