0 Anonymous Asked: April 6, 2021In: Finance Who are depository participant? 0 Who are depository participant? Share Facebook 3 Answers Voted Oldest Recent Dhanesh Bendre 0 Questions 7 Answers 0 Best Answers 35 Points View Profile Dhanesh Bendre Added an answer on September 13, 2021 at 12:24 pm Depository participants are the agents of a depository such as NSDL or CDSL. An investor, new to the stock market, needs to approach a depository participant to open a demat account. Shares purchased by the investor are held in that account with the depository participant, but the investor remains the sole beneficial owner of the shares. Whenever there is a buy or sell transaction, the depository participant credits or debits the demat account accordingly. A depository participant offers several services, such as pledge and unpledge of shares, corporate action handling, etc. 1 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp xrraa 29 Questions 72 Answers 1 Best Answer 125 Points View Profile xrraa Added an answer on April 9, 2021 at 12:29 pm mpl quora mpl quora mpl quora 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp devangthakkar 0 Questions 101 Answers 0 Best Answers 229 Points View Profile devangthakkar Added an answer on April 6, 2021 at 6:26 pm A depository helps to interact with investors through agents which are called Depository Participants (DPs). Investors who want to enjoy the services of depository in terms of buying & selling stock then they have to open an account with depository participants. A depository participant is an agent of depository through which it interfaces with investors & provides depository services. A depository is an entity that helps an investor to buy or sell securities like stock or bond. Depository Participant is a link between companies that issue securities & depositories. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.