Answer: Depository is an organisation which holds your securities in electronic (also known as‘book entry’) form, in the same manner as a holds your money. Further, a depository also transfers your securities without actually handling securities, in the same day as a bank funds without actually handling cash.
Depository is an organisation which holds your securities in electronic (also known as‘book entry’) form, in the same manner as a holds your money. Further, a depository also transfers your securities without actually handling securities, in the same day as a bank funds without actually handling cash.