India has two depositories till date NSDL and CDSL. Select the incorrect statement regarding these two from the following?

India has two depositories till date NSDL and CDSL. Select the incorrect statement regarding these two from the following?

1). NSDL works for NSE whereas CDSL works for BSE
2). These holds securities in electronic form
3). NSDL was founded in 1996
4). CDSL was founded in 1999

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