Sir, why has the depository come, what is their benefit

Okay sir thank you

Answer given by ADITI AWASTHI at 02-Feb-2023 02:45 AM

Depositories act as bank accounts, and it helps you to store securities in your Demat account. A Depository facilitates holding securities electronically and enables securities transactions to be processed by book entry. Depository systems removes the occurrences of forgery, duplicate share certificates, and bad deliveries. This can increase the liquidity of securities by making a way for easy transfer. Also, it can avoid the delay caused in the transfer of securities. Furthermore, it reduces the cost of a transaction for the investors.

Answer given by Shubhamm Sir at 01-Feb-2023 04:31 PM