what is NSDL? How to pay registration fees ?

Hello aspirant,

Hope you are doing great...!!!

NSDL means National Securities Depository Limited. NSDL depository system provides a facility for allotment of securities directly into the depository account of the investors in the Demat form. As per SEBI guidelines, trades in shares issued through the public shall be settled only in Demat form. Investors should seek allotment in Demat form.

How to register and pay registration fees:-

Click option New user registration → SPEED-e.

Select options A) Clients → Password Users → REGISTER.

Fill up the details online.

Add CM BP ID(s) of your Clearing Member(s) (Stockbrokers) under Pre-notified Accounts.

One Time Password (OTP) will be sent on the mobile number and email ID registered in the Demat account.

Validate your registration request using the OTP received.

Upon successful validation of OTP, registration requests will be sent to the concerned DP and Clearing Member(s) for authorization.

DP will authorize the registration request electronically and inform you through email.

Clearing Member(s) will authorize the client’s request for the addition of a pre-notified account through the SPEED-e facility. In case, your Clearing Member has not subscribed to the SPEED-e facility, then you need to submit a consent letter in a prescribed format from CM to your DP.

You will be able to access the SPEED-e facility after authorization by your DP and may submit instructions after successful authorization of addition of pre-notified account by Clearing Member.

I hope this information helps you!

All the best!