Question

Consult a Depository Participants of your choice and find out the difference between a bank and a Depository. Also discuss the services provided by a Depository and explain its main advantages.

08 Dec 2020
Answer :
Word Count : 446

The services provided by a Depository

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Bank Depository
1.Holds funds in an account 1. Holds securities in an account
2.Transfers funds between accound on the instructions of the account holder 2. Transfers securities btween accounts on instructions of the beneficiary owner account holder.
3. Renders services like safe keeping of the monkey (funds) of costomers in book entry from 3.Render services like safe keeping of securiies (shere ,bonds ,debentures etc .) costomers in book entry from.