International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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ROLL OF DEPOSITORY SERVICES
2 Author(s): DR ADITI SHARMA , ANIL YADAV
Vol - 5, Issue- 1 , Page(s) : 348 - 351 (2014 ) DOI : https://doi.org/10.32804/CASIRJ
On the simplest level, depository is used to refer to any place where something is deposited for storage or security purposes. More specifically, it can refer to a company, bank or an institution that holds and facilitates the exchange of securities. Or a depository can refer to a depository institution that is allowed to accept monetary deposits from customers. Depository institutions come in several different types. Anytime you give your money to someone with the expectation that the person will hold it for you and give it back when you request it, you’re either dealing with a depository institution or acting very foolishly.