Difference between UTIITSL and NSDL?

UTIITSL (UTI Infrastructure Technology And Services Limited)

1. Background:

   • UTIITSL is a government company that was originally set up by the Unit Trust of India (UTI) to offer technology and outsourcing services.

2. Services:

   • PAN Card Services: UTIITSL is one of the authorized entities for processing PAN card applications, including new applications, corrections, and reprints.
   • Mutual Fund Services: Provides services related to mutual funds, especially for the Unit Trust of India.
   • Insurance Services: Offers various insurance-related services.
   • Technology Services: Provides IT infrastructure and related services.

3. Website:

   • UTIITSL PAN Services

NSDL (National Securities Depository Limited)

1. Background:

   • NSDL is the first and largest depository in India, established to handle securities in dematerialized form. It plays a crucial role in the Indian financial market infrastructure.

2. Services:

   • PAN Card Services: NSDL e-Governance Infrastructure Limited is another authorized entity for processing PAN card applications, including new applications, corrections, and reprints.
   • Depository Services: Manages dematerialized securities, facilitating trading and settlement in the securities market.
   • e-Governance Services: Provides various services related to e-governance, such as the issuance of e-TDS/TCS (tax deducted/collected at source) statements, Aadhaar seeding, and other compliance services.
   • National Pension System (NPS): NSDL serves as the central recordkeeping agency for the National Pension System.

3. Website:

   • NSDL PAN Services

     Key Differences

     1. Primary Focus:

        • UTIITSL: Initially focused on mutual funds and related financial services, now diversified into various technology and outsourcing services.
        • NSDL: Primarily a depository for securities, with a significant role in the dematerialization of securities and other financial market infrastructures.

     2. Scope of Services:

        • UTIITSL: Broader focus on financial services, including mutual funds, insurance, and IT services.
        • NSDL: Focuses heavily on securities, dematerialization, and e-governance services.

     3. Market Role:

        • UTIITSL: More involved in financial services administration and technology outsourcing.
        • NSDL: Plays a critical role in the infrastructure of the securities market and financial compliance.

     Both UTIITSL and NSDL are integral to the Indian financial system, providing essential services for PAN card issuance and management. Choosing between the two for PAN-related services typically depends on user preference or specific instructions provided by institutions or authorities requiring PAN information.

   • If you want to apply PAN card, apply through this link https://pancardonlineindia.com/