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What is a Depository? A depository is a system where securities (like shares, debentures, bonds, government securities, mutual fund units etc) of an investor are held in electronic form. A depository can be compared to a bank. An investor has to open an account with the Depository through a depository participant, just as he opens an account with the bank. In India, there are two Depositories, namely Central Depository Services Ltd (CDSL) and National Securities Depository Ltd. (NSDL).   What is a Depository Participant? A Depository Participant (DP) is an agent appointed by the Depository who is authorized to offer depository services to all investors. They are the intermediaries between the depository and the investors. An investor cannot directly open a DEMAT account with the depository. The DP opens the account with the Depository and takes up the responsibility of maintaining the account and updating them as per the instructions given by the investor from time to time.   Who is Beneficiary owner? The person who holds the DEMAT account is the beneficiary owner. In case of a joint account, the account holders will be the beneficiary holders of that joint account.   What is BO ID? The DEMAT account number of the beneficiary owner (s) is known as the BO ID.   What is DP ID? The number of the depository participant allotted by the depository is known as the DP ID.   How can I keep a track of my share portfolio? Once your account is activated you will receive your Login ID and Password. You have to log in through this site (Link) for CDSL and (Link) for NSDL to view your Portfolio details.   What are the services that depositories provide? Depositories provide the following services: Dematerialisation i.e. converting physical holdings into electronic form. There's no stamp duty on transfer of securities. What's more, we take just 3 to 4 weeks to DEMATerialise your shares. Rematerialisation i.e. conversion of your electronic securities into physical share certificates. Facilitating repurchase / redemption of units of mutual funds. Electronic settlement of trades in stock exchanges. Pledging / hypothecation of DEMATerialised securities against loan. This process is also much faster than in the case of physical shares. Electronic credit of securities allotted in public and rights issue. Receipt of non-cash corporate benefits such as bonus in electronic form. Freezing or locking of DEMAT accounts, so that the debits from the account are not permitted. Nomination facility for DEMAT accounts. Transfer of shares and settlements. Services related to change of address. Effecting transmission of securities. Other facilities viz. holding debt instruments in the same account, availing stock, lending / borrowing facility, etc. For any further queries or information on Demat accounts and Depository services with Bonanza, please write to us at dpsupport@bonanzaonline.com