Citibank India, the Indian subsidiary of the multinational financial firm Citi, is a depository participant with one of the leading depositories in India, NSDL (National Securities Depository Limited). Being a registered depository participant, Citibank offers a demat account to its customers to hold the shares and securities in an electronic or dematerialized form. Demat account is a secure way of holding securities as it abolishes the risk of loss, forgery, theft and any kind of damages to the physical share certificate.