The Union Cabinet has approved establishing a digital depository of academic awards to be known as National Academic Depository (NAD) on the pattern of securities depository in its meeting held on 27th October, 2016.

Consequent upon the approval of Cabinet, the Government in exercise of powers conferred under section 20(1) of University Grants Commission Act,1956 has designated University Grants Commission (UGC) as an authorised body to enter into a tripartite agreement on behalf of all Central Higher Educational Institutions (CHEIs), Institutions of National Importance (INIs) and Boards with the wholly owned subsidiaries of the depositories registered under SEBI Act, 1992, namely NSDL Database Management Limited (NDML) and CDSL Ventures Limited (CVL) initially for a period of three years for the purposes of establishment of NAD comprising of two interoperable digital depositories.

The UGC has signed a tripartite agreement with NSDL Database Management Limited (NDML) and CDSL Ventures Limited (CVL) for operationalizing NAD. The academic institutions/boards/eligibility assessment bodies are required to select either of the two depositories for entering into legally enforceable agreement for utilizing services of NAD. Lodging, access, retrieval and validation of academic awards in the NAD will be primarily on the strength of this agreement.

The students and verification users are free to select either of the depositories to register onto NAD.

For know more about NAD visit website

In BCKV, The Nodal officer of the NAD is