Depository System in India

Multi-Depository System: The depository model adopted in India provides for a competitive multi-depository system. There can be various entities providing depository services.

Dematerialisation as against immobilization: The model adopted in India provides only for dematerialisation of securities. This is a significant step in the direction of achieving a completely paper-free securities market. Many of the developed countries have opted either for immobilization (e.g., Japan) of securities.

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Source: Sify