NSDL Insta Demat Account’ is an API integration interface between the DP Banks and NSDL for opening instant Demat Account where the Client (end-investor) will be re-directed from the 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.
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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 the NSDL IDeAS facility or directly be redirected to the e-voting page within the IDeAS facility. In case of re-direction to the IDeAS page, Clients can have access to their e-CAS and other value-added services including e-voting, post authentication.
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 depository system (NDS). Post activation of the account at NSDS, Participants will receive the feed at their Local DPM System / Cloud DPM System, as the case may be, for back office updation.