Why did CDSL or NSDL deposit money to my bank account?

Why did CDSL or NSDL deposit money to my bank account?

  • Depositories like CDSL or NSDL usually credit money to the client’s bank account for the following reasons: -
    1. Interest received on SGB:- SGBs generate a fixed yearly interest of 2.5% on the initial investment amount. This interest will be deposited twice in a year into the client’s bank account and the depositories will inform the client through email.
    2. Dividends received.
    3. Partial entitlement occurring due to corporate actions like bonus issue or stock splits, where money is received in a bank account instead of fractional shares that are entitled to the client
    4. Interest received from State Development Loans (SDL).