is a member of a Depository through whom investors deal with the Depository.

A DP is a representative of the depository in the system. The DP maintains the client's securities account balances and intimates him about the status of holdings. According to SEBI regulations, financial institutions (FIs), banks, custodians, stockbrokers, etc can become DPs.

An authorized body who is involved in dematerialization of shares and maintaining of the investors accounts.