The 30-second answer
A CDS account is an electronic securities account. It records shares and other eligible securities held in your name rather than relying on a paper share certificate.
How do you open one?
CDSC says investors can open a CDS account through an authorised Central Depository Agent, including a licensed stockbroker, investment bank or custodian. CDSC also provides digital access through Dosikaa, where users can open or link an account, select a preferred stockbroker and place buy or sell instructions.
What it is not
A CDS account is not itself an investment recommendation. Opening one gives you the infrastructure to hold securities; deciding what, whether and when to buy remains your decision.