It is possible to view your account status (shares / mutual funds) etc on NSDL & CDSL.
ICICI (my Depository Participant-DP) has opened a demat account for me in NSDL. So, all my shares come to NDSL
Process of trade:
* I have a trading account with ICICIdirect & a demat account with NSDL. ICICI apparently has its demat accounts on NSDL
* I place a trade in icicidirect. The money is taken from the account and cleared by the clearing corporation.
* The shares then come to the broker account.
* ICICI then transfers the shares to my demat account from the broker account.
I can see my holding on NSDL through a concept called IDEAS. I have to register with NSDL for that and submit the registration form to the DP. I will then get a user name and password. The flip side is that if that happens, then the DP will not send periodic statements to you the way he does nowadays. One can also trade directly through NSDL through a concept called e-Speed. Here too, a registration form has to be filled in and submitted to the DP to get a username & password
Anand Rathi has its DP account with CDSL. This comes into play for my NSEL (National Spot Exchange Ltd) transactions in e-Gold & e-Silver. The procedure of getting user name & password in CDSL is similar. I have to fill up a registration form and submit it to Anand Rathi and then, subsequently I can view my holdings directly on CDSL.
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