Depository and Depository Participant.

Dear Shine Thomas,

A depository is a place where the stocks of investors are held in electronic form.

The depository has agents who are called depository participants (DPs).

Think of it like a bank. The head office where all the technology rests and details of all accounts held is like the depository. And the DPs are the branches that cater to individuals.

There are only two depositories in India -- the National Securities Depository Ltd (NSDL) and the Central Depository Services Ltd (CDSL). There are over a 100 DPs.

1.  i agree with above answer

2. NSDL and CDSL are depository

2. ther are numbers of Depository participant registered with Depositories like Standard Charteted, ICICI Demat etc.