the rights and obligations of both parties. Along with the form the client requires to attach Photographs of Account holder, Attested copies of proof of residence and proof of identity needs to be submitted along with the account opening form. In case of corporate clients, additional attachments required are - true copy of the resolution for Demat a/c opening along with signatories to operate the account and true copy of the Memorandum and Articles of Association is to be attached. Services provided by Depository Dematerialisation (usually known as demat) is converting physical certificates of Securities to electronic form Rematerialisation, known as remat, is reverse of demat, i.e. getting physical certificates from the electronic securities Transfer of securities, change of beneficial ownership Settlement of trades done on exchange connected to the Depository Pledging and Unpledging of Securities for loan against shares Corporate action benefits directly transfer to the Demat and Bank account of customer No. of Depository in the country Currently there are two depositories operational in India. National Securities Depository Ltd. - NSDL - Having 2 crores Demat A/c as on 30-06-2020 Central Depository Services Ltd. - CDSL - Having 2.3 crores Demat A/c as on 30-06-2020 References Central securities depositories of India