| Depository is an organization which holds securities of investors in electronic form. The objectives of depository system are to reduce the time for transfer of securities, to avoid the risk of settlement of securities, to enhance liquidity and efficiency, to reduce cost of transaction for the investor, to create a system for the central handling of all securities, to promote the county's competitiveness by complying with global standards, to provide service infrastructure in a capital market. In this article, Investigator gave brief overview about depository participants, eligibility criteria for DPs and the legal framework of Depository system in India. In research, investigator has used a structured questionnaire for eliciting the required responses relating to Depository Services from the general public. For the purpose of secondary data books, articles, reports, annual reports of the stock exchanges, news papers and internet has been used. |