DP Charges

DP Charges (Depository Participant Charges) are fees charged by the Depository Participant (DP), i.e., your broker or bank, whenever you sell shares from your Demat account. These charges are collected on behalf of the depositories NSDL (National Securities Depository Limited) or CDSL (Central Depository Services Limited) for maintaining and transferring securities in electronic form.

Key Points about DP Charges

1. When Charged–

• DP charges apply only on sell transactions, not on buying shares.
• They are debited whenever shares are debited (moved out) from your Demat account.

2. Who Charges–

• The Depository Participant (your broker or bank).
• The broker collects these charges and passes them on to NSDL or CDSL.

3. How Charged–

• Typically charged per ISIN (International Securities Identification Number) and per day, irrespective of the number of shares sold.
• Example: If you sell 100 shares of Reliance (one ISIN) and 50 shares of TCS (another ISIN) on the same day, you’ll pay DP charges for two ISINs.

4. Amount–

• Usually ranges from ₹10 to ₹25 per ISIN per day (varies by broker).
• Plus 18% GST is applied.