Abhipra : Speed-e

Q.1. What is SPEED-e?
Ans. SPEED-e is a facility developed by NSDL which is a common infrastructure to enable the DPs to provide Internet based services to their clients. The investors subscribing to this facility can give instructions for delivery of securities to their DPs through the SPEED-e website viz; www.speed-e.nsdl.com thus eliminating the need to submit delivery instruction forms (paper) to their DPs. Investors can submit instruction forms from their own PC with Internet connectivity or through cyber café.

Q.2. How does SPEED-e work?
Ans. The demat account-holder can submit delivery instructions electronically using SPEED-e after the DP authorises the demat account-holder to operate its account. The DP downloads these delivery instructions in batches from SPEED-e and effects the same by importing into the NSDL DP-Module (DPM). The DP regularly uploads the response from the DPM to SPEED-e so as to update the status of the delivery instructions given by the demat account-holders. The SPEED-e users can monitor the status of such delivery instructions to ensure that their instructions have been executed.

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