CDSL stands for Central Depository Services Limited, one of India's two primary securities depositories. It helps investors store and settle securities electronically in a demat account. Learn more about its benefits, services, and how to open a CDSL demat account. Central Depository Services Limited, is the second Indian central securities depository based in Mumbai. Central Depository Services (India) Ltd. (CDSL) is an Indian central securities depository, founded in 1999. [3] CDSL is the largest depository in India in terms of number of demat accounts opened. In February 2022, CDSL became the first depository in India to open 60 million active demat accounts. [4] . CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.