Opening a CDS Account

Your CDS Account: The First Step

Before you can buy shares on the NSE, you need a CDS (Central Depository System) account. This is where your shares are held electronically.

How to Open a CDS Account

1. Choose a licensed stockbroker — Visit the NSE website for a list of licensed brokers
2. Fill out the account opening form — You will need your ID/passport, KRA PIN, and a passport photo
3. Fund your account — Deposit money via M-Pesa, bank transfer, or cheque
4. Get your CDS number — This is your unique investor ID on the NSE

Required Documents

• National ID or Passport
• KRA PIN certificate
• Passport-size photo
• Proof of address (utility bill or bank statement)

Many brokers now offer online account opening, so you can get started from your phone. The process typically takes 1-3 business days.