How is a depository similar to a bank?

A Depositoryhey check out can be compared with a bank, which holds the funds for
depositors.hey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outhey check outThere are two depositories in India which provide dematerialization of
securities. The National Securities Depository Limited (NSDL) and Central
Securities Depository Limited (CSDL).