Lowest DP Charges

Have you started investing in stock markets? Or are you thinking of starting investing in stock markets? You must be having many questions in mind. And one of those would be, with which depository participant (DP) to register to reduce your transaction costs. Or what are the lowest DP chgs? If you are here, then you must be aware of what are DP charges? and why they are charged. If not, then here is a brief about DP charges.

DP charges are the charges levied by the depository and the depository participant whenever you sell your shares or securities. They are flat charges and are charged on a per-day per-company basis.

No matter how many shares you sell in a day of a single company, the DP charges will be the same. On a per-company-per-day basis, (Central Depository Services Limited) CDSL DP charges Rs. 5.50. NSDL (National Securities Depository Limited), on the other hand, levies Rs. 4.50 per company every day. Various stock brokers charge different DP charges, so you need to find out which brokerage firm levies the lowest DP charges.

Which Broker Offers Lowest DP Charges?

Choice levies one of the lowest DP charges. Here are the transaction charges-

• For a Debit instruction from client demat account to outside demat account 0.02% subject to a minimum of Rs. 10 per instruction + GST is charged.
  
• For Debit instruction from client demat account to market, it levies Rs. 10 per instruction + GST.
  
• It charges Rs. 10 per ISIN + GST as Beneficiary to client charges and Rs. 10 per ISIN + GST as Beneficiary to Market charges.
  
• For shifting stocks to the client’s demat account from CUSA (client unpaid security account to client charges), Rs. 10 per ISIN + GST is levied.
  
• Rs. 10 per instruction + GST is charged for Failed instruction.
  
• It charges Rs. 25 + GST per certificate or 100 securities, whichever is higher for processing demat requests. And Rs. 25 per 100 securities or 0.04%, whichever is higher + GST for processing Remat requests.
  
• It levies Rs. 50 or 0.02%, whichever is higher + GST for Creation of Pledge, Rs. 50 or 0.02%, whichever is higher + GST to Unpledged.
  
• For Pledge/ Unpledged for margin, Rs. 10 per ISIN + GST is imposed.
  
• Rs. 100 or 0.05%, whichever is higher + GST, is charged for invocation of pledge.
  
• Charges of reissuing new DIS Booklet in case of Lost of previous one is Rs. 100 + GST.

Calculate your brokerage charges

In a nutshell, if you are planning to invest in stocks, then apart from the brokerage charges, you must consider DP transaction charges levied by your depository participant as these charges are not mentioned in the contract but are directly reflected in your ledger. This will help you in considering your profit and loss margin before investing and selecting the best depository participant. So before getting into a trade with any of the stockbrokers, consider all aspects to avoid any confusion later about where your money is going.