How does the depository work?
The process is as follows: Investor opens a depository account with a Depository Participant. Eligible securities are dematerialised by filling up DRF and submitting the shares to the DP. DRF is recorded by depository and on confirmation from the Companies’ Registrar, credit is given to the Depository account. Thereafter, investor can buy and sell shares in Demat mode by giving instructions to Brokers, Depository Participant. Delivery/Receipt are directly effected by the depository to the Depository account.
