CDSL is one of the leading depository facilities of India which provides the holding of securities in an electronic method that makes trading easier. To enhance convenience for investors, CDSL offers two platforms: CDSL Easi and CDSL Easiest.
This article aims at describing these websites and their requirements, as well as the advantage and the way they categorize in order to fully understand how they work.
CDSL Easi and CDSL Easiest: A Guide
CDSL Easi (Electronic Access to Securities Information):
CDSL Easi on the other hand is Internet based product, which is used by investor to view their demat account. It enables holding access and business statements to secure investments and can therefore be used to keep track of investments.
CDSL Easiest:
CDSL Easiest builds up on features offered by Easi where investors can transfer their securities through the internet. This feature offers more flexibility and authority in investment, and also facilitates a secure transaction in the depository system.
How to register for CDSL Easi and CDSL Easiest
Registration Process for CDSL Easi:
- Visit the CDSL Website: In order to get the holding details, go to the official website of CDSL.
- Access Easi Registration: After that, go to the “New System User” or “Easi Registration” selection.
- Provide Details: Provide your demat account number and all other information that is being asked in their registration process.
- Generate OTP: To check the authenticity of the details entered by you, please provide OTP sent to the mobile number registered with your account.
- Set a Password: When you open an account with CDSL Easi, make sure that you develop a strong password that would defunct hacking.
- Login: Simply go online and enter your user id and password to gain entry into the demat account details.
Registration Process for CDSL Easiest:
- Prerequisite: Check if you have already registered yourself on CDSL Easi.
- Visit CDSL Easi Platform: Log in to your Easi account.
- Upgrade to Easiest: Go to the “Easiest” of registration options.
- Fill the Form: Enter information like your demat account number for your Please enter other details like your PAN card number for your complaint.
- Choose Trusted Accounts: Enter the demat accounts which are trustworthy and to which securities have to be transferred.
- Approval Process: Your Depository Participant (DP) shall judge and authorize the request.
- Activate Account: After getting the approval, CDSL Easiest can be used to carry out transactions and also, to authorize them.
CDSL Easi and CDSL Easiest features
CDSL Easi Features
- View Portfolio: Get the following about your securities portfolio.
- Download Statements: Generate and download holding and Transaction statements.
- Monitor Activity: Know the corporate actions such as dividends and bonus issues.
- Safe Access: Extra measures in regard to the security of the login and password data.
CDSL Easiest Features
- Securities Transfer: Switch your holding from one demat account with another.
- Trusted Account Setup: Features of payment transference include: addition and administration of trusted accounts.
- Online Authorizations: The electronic approval of transactions must be made automatically.
- Seamless Integration: Is fully compatible with CDSL Easi for an optimal investment solution.
- Enhanced Security: Encompasses peculiarities like, for example, 2-factor authentication.
Advantages of CDSL Easi
- Ease of Use: Easy to use front end to access details of demat account.
- Transparency: Can give a clear understanding of its holding and transactions.
- Cost-Effective: This is accompanied by free registration for investors.
- Time-Saving: Saves time required to visit the depository, risking on the job exposure to other diseases as well.
Advantages of CDSL Easiest:
- Flexibility: Provides a way of trading in securities over the Internet, thus providing more authority over securities investment.
- Convenience: No deliveries to be accompanied by physical Delivery Instruction Slips (DIS).
- Enhanced Security: Guarantees safer transactions with improved types of authorization.
- Efficiency: Enables quick delivery of transactions and creates a favorable environment for quick transfer of payments.
Difference between CDSL Easi and CDSL Easiest
| Feature | CDSL Easi | CDSL Easiest |
| Purpose | View and monitor demat account. | Transfer securities online. |
| Registration | Simple online process. | Requires additional DP approval. |
| Functionality | Limited to information access. | Includes transaction capabilities. |
| Security Transfers | Not available. | Available for trusted accounts. |
| User Base | Basic investors. | Investors requiring transfer options. |
DP charges and how to avoid them
DP Charges:
- DPs also charge certain fees such as transfer fee, request of shareholder statement, and pledge fee. These charges also differ from one service provider to another and they also depend with the type and quantity of transactions.
How to Avoid Paying DP Charges:
- Consolidate Investments: To ensure that such transfer occurs rarely, there is need to combine holdings.
- Choose Low-Cost DPs: Select the DP charges for a particular service provider and look for the various charges that come close to the least in the market.
- Opt for CDSL Easiest: This form of transfer booking simplifies the usage of CDSL Easiest for online transfers in order to minimize the physical DIS charges.
- Stay Informed: Ensure your DP goes through its tariff structure from time to time while looking for unreasonably charged fees.
Functions of NSDL and CDSL in India
NSDL (National Securities Depository Limited):
- NSDL was set up in 1996 and it is first depository in India.
- It provides services in the electronic management of security and clearing of trades.
- Greater attention is paid to large institutional investors and retail clientele.”
CDSL (Central Depository Services Limited):
- CDSL was set up in 1999, and its main target clientele group is individual investors.
- Located in the regulatory structure governed by SEBI.
- Offers solution through the Web links Easi and Easiest for effective demat account management.
Conclusion
CDSL Easi and CDSL Easiest both are strong centers which helps the Indian investors to simplify their demat accounts. However Easiest goes one step further in helping its users manage their portfolio in that it offers systems for facilitating efficient and secure transfer of securities among the portfolios.
Both the platforms play significant role in maintaining digital and ease investment solutions and services apart from traditional needs of the investors.
Knowing features, advantages, and differences of the two approaches helps investors to make the most suitable investment decision concerning their management tasks.
Frequently Asked Questions
1.Does a BO/CM still have to provide instruction slip(s) to the DP in case it executes transaction(s) on easiest?
No. A BO/CM submitting instruction(s) through easiest is not required to give any instruction slip(s) to their DP.
2. If I am registered for easi, can I register for easiest?
Yes, you can by selecting the option ‘Upgrade BO ID to easiest’, in your easi account login. However, you may have to check with your DP if they have subscribed for the easiest facility.
3. Can a BO/CM submit multiple transactions through easiest?
Yes, the easiest upload facility enables a CM/BO to submit multiple transactions in a single file.
4. Who can avail of the upload facility?
All BOs or CMs who have opted for the account of choice login only, in easiest can avail of this facility. A BO or CM would have to approach their DP to have their upload rights activated.
5. Can I monitor corporate announcements for the shares in my demat account through my easiest login?
Yes, you can view corporate announcements for the securities held in your demat account through your easiest login. You can also add ISINs not held in your demat account, but you wish to view corporate announcements for such ISINs.