02:00:00 PM IST, 05 Aug 2025
NSDL IPO Allotment Live Updates: Revenue Model
NSDL generates revenue through annual and custody fees charged to depository participants, issuers, mutual funds, SEZs, and insurance companies for demat services, software access, and registrar and transfer agent (RTA) services.
Additional income streams include transaction-based fees for settlements, corporate actions, e-voting, pledging, and registration charges levied on issuers and RTAs.
Depository participants also incur annual charges for software licenses and communication infrastructure, which are determined based on bandwidth usage.
Its subsidiary, NSDL Payments Bank Ltd (NPBL), contributes through services such as Aadhaar-enabled Payment System (AePS), domestic money transfers, and prepaid card operations. Other income includes RTA-related charges and training fees.