APIs in brief

NSDL APIs and Technology Integrations for Market Participants

Participants

Account Opening API for Participants

The Account opening API is a technical integration / interface between the Participant and NSDL for opening instant demat account, which will be initiated from Participant’s application to NSDL Insta Interface System. The account opening feed sent from Participant will be received at NSDL Insta Interface and would be then transmitted to the NSDL’s core depository system (CDS). Post activation of the account at NSDL CDS, Participants will receive the feed at their Local DPM System / Cloud DPM System, as the case may be, for back office updation. Currently, the API facilitates opening of demat accounts with single holding.


e-Voting and IDeAS Integrations

Through technical integration as informed vide NSDL Circular No.: NSDL/POLICY/2021/0052 dated May 26, 2021, Participants will have the choice of redirecting their clients from their websites to either NSDL IDeAS facility or can directly be redirected to the evoting page within the IDeAS facility. In case of re-direction to IDeAS page, Clients can have access to their eCAS and other value added services including e-Voting, post authentication. In case of re-direction to eVoting page within IDeAS facility, Clients, post authentication on IDeAS, will be able to cast their vote for securities where NSDL has been appointed as ESP or will be redirected to the e-Voting page of other E-Voting Service Providers (ESPs) to cast vote without having a necessity of doing log-in with other ESPs.


Bank-based Participants

NSDL Insta Demat Account for Banks

‘NSDL Insta Demat Account’ is an API / Technical Integration interface between the DP Banks and NSDL for opening instant demat account where the Client (end-investor) will be re- directed from Bank’s net-banking portal / mobile application (using the existing login credentials provided by the Bank) to NSDL for opening of instant NSDL demat account.


Brokers

e-Delivery Instruction Slip (eDIS)

NSDL’s eDIS facility facilitates Clients to provide mandate/consent to debit and transfer securities from their demat accounts towards the obligation at exchange(s) arising out of trades. Using this facility, demat account holders can fulfill their pay-in obligations without having the need to submit Power of Attorney to their stock broker.
Under this facility, based on the mandate submitted by the Client, Clearing Members submits the instruction to the Depository Participant of the Client to debit the securities from the demat account of the Clients to the extent of obligation at exchange(s) arising out of trades. NSDL validates the details of debit instruction with obligation details uploaded by CCs. Upon debit of securities from the Client account, as a risk mitigation mechanism, NSDL sends SMS to concerned clients at the mobile number registered in their demat account.


Margin Pledge Instruction (MPI) API

NSDL Margin Pledge API facilitates clients to submit margin pledge instructions online based on OTP authentication. This facilitates the brokers to provide the margin to their Clients in a shorter span of time due to the facility to pledge the securities for margin faster.

  • (i) MPI API Online Clients
    MPI API for online Clients is a technical integration between the Broker and NSDL Demat Gateway which facilitates Clients (POA and non POA based Clients) to initiate margin pledge based instructions online.

  • (ii) MPI API for Offline / Call and Trade
    MPI API for offline / call and trade is a technical integration between broker and NSDL Demat Gateway for initiating MPI for POA based Clients by the broker based on the instructions received from the Client.

In the aforesaid APIs, status responses will be provided to both the Broker (call back response) as well as Participant (update at their Local DPM System).


Banks and NBFCs

NSDL Digital LAS for demat account holders of NSDL

NSDL Digital LAS facility is a technical integration between the net banking portal of the Bank or web portal of NBFC and NSDL for offering Loan against securities (LAS) services to all the demat account holders of NSDL maintain demat accounts with any Participant of NSDL. It is a complete end-to-end digital offering to facilitate initiation of pledge instruction by the Client and confirmation of pledge instruction by the Pledgor’s DP in an online mode with the requisite call back responses providing status of the instructions to Bank/ NBFC.


NSDL Digital LAS for IPO Financing

NSDL Digital LAS for IPO Financing is technical integration between the Bank/NBFC and NSDL to facilitate pledging of securities as collateral for offering IPO related funding.