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NSDL and CDSL Introduce UIP to Offer Consolidated Data to Investors.

Banking & Finance | Dated: 24 Feb 2025

In February 2025, National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), both based in Mumbai (Maharashtra), in collaboration with the Securities and Exchange Board of India (SEBI), launched the Unified Investor Platform (UIP) mobile application.

🎯 Key Highlights:

  • - This platform integrates CDSL's MyEasi with NSDL's SPEED-e, offering investors a consolidated view of their financial statements, shareholdings, and investments.
  • - The UIP aggregates data directly from exchanges, depositories, and clearing firms, aiming to address issues related to fraudulent intermediaries.
  • - This reduces the chances of fraud and unauthorized access, ensuring that investors receive accurate and legitimate information.

💡 Other Important Facts:

  • (i) By consolidating all financial data, the platform simplifies the management and transfer of assets, streamlining processes like inheritance and asset transmission.
  • (ii) Investors can easily view their holdings and recent transactions using a single login, enabling quicker decision-making based on up-to-date financial information.
  • (iii) The app incorporates robust security features, including two-factor authentication, ensuring a secure and safe user experience. Both the CDSL MyEasi and NSDL SPEED-e apps offer access to the unified platform's features.

📚 Test Your Knowledge:

Recently, NSDL and CDSL introduced which platform to provide consolidated data to investors?

Correct Answer: UIP

🚀 Quick Recap: