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CDSL stands for Central Depository Services (India) Ltd, a government-owned depository that holds securities in electronic form . Learn how CDSL works, what are its features and benefits, and how to open a Demat account for using its services. Central Depository Services Limited, is the second Indian central securities depository based in Mumbai. The Depository Participant (DP) is the link between the investor, the company and CDSL and provides Services like Account Opening, Dematerialisation, Processing Delivery and Receipt Instructions, Account Statement, Pledging, Rematerialisation etc. CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.