DEPOSITORY:-

A depository is an organization where the securities of an investor are held in

electronic form, at the request of the investor through the medium of a
Depository Participant. A Depository can be compared to a bank for shares. Just
as a bank holds cash in your account and provides all services related to
transaction of cash, a depository holds securities in electronic form and provides
all services related to transaction of shares / debt instruments. A depository
interacts with clients through a Depository Participant (DP) with whom the
client has to maintain a Demat Account. Thus an investor who wishes to avail
of all Depository Services has to open a Demat Account with a DP.