Table of Contents
What is depository charges in demat account?
Depository Participant (DP) charges are levied on all sell transactions of your Demat Account. DP charges are a flat transaction fee, irrespective of the quantity sold. Hence, the fee charged is per scrip and not the volume sold. So, these charges remain the same whether you sell 1 share or 100 shares.
What is depository charges in HDFC demat?
HDFC Depository Service Charges for Resident Retail Customers
| Sr. No. | Fee Head | Fees |
|---|---|---|
| 4 | Annual Maintenance Charges | Rs 750 per annum |
| Rs 500 per annum | ||
| Rs 300 per annum | ||
| 5 | Pledge Services | 0.02\% of the value of the Txn. |
Are depository charges mandatory?
DP Transaction Charges It’s mandatory to pay DP charges in the event that you sell your holdings through your Demat account. CDLS charges Rs. 5.50 on a per company – per day basis.
What are NSDL charges?
0.75 per entry (ISIN) per month (i.e. Rs. 9/- per annum). Thus, if an investor holds shares of 5 companies in one account, he will be charged for 5 entries i.e. Rs. 3.75 per month….New Fee Structure.
| Fee type | Existing | Proposed |
|---|---|---|
| Rematerialisation | 0.02 \% or Rs.10 per Certificate, whichever higher | Rs.10 per certificate |
How depository charges are calculated in HDFC Securities?
HDFC Securities have multiple depository charges for resident clients, these are: Dematerialization request charges: Rs 35 per request plus Rs 5 per certificate. Rematerialization request charges: Rs 30 per request plus Rs 10 per certificate. Annual Maintenance Charges: Rs 750 per annum.
What is meant by depository?
A depository is a facility or institution, such as a building, office, or warehouse, where something is deposited for storage or safeguarding. Depositories may be organizations, banks, or institutions that hold securities and assist in the trading of securities.
How many depository are there in India?
two depositories
There are two depositories which are functional in India – National Securities Depository Ltd (NSDL) and Central Securities Depository Ltd (CDSL). Various Depository Participants linked to each one of them in India. All the details in form of electronic records of equity and debt are kept there.