Updated on: Nov 21st, 2023
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1 min read
Depository Participant (DP) charges are levied by the Central Depository Services (India) Limited (CDSL) when a trader sells a share from their DEMAT account. DP charges work in the same way as brokerage charges. The CDSL and the depository participant levy a fee of Rs 13.5 + 18% GST per day for every stock sold. Once you place a sell order, the system automatically removes the stock from the DEMAT account. The DP charges when you buy a stock are Rs 0.
Say, if you place an order to sell 50 stocks of A in the morning and another 50 stocks of the same stock listing in the afternoon, the DP will equate to Rs 13.5 + 18% GST. However, if you order to sell 50 stocks of A in the morning and 50 stocks of B in the afternoon, the DP will equate to Rs 13.5 + Rs 13.5 + 18% GST since multiple scrips are being sold.
Depository Participant (DP) charges are fees levied by CDSL when a share is sold from a DEMAT account. The charges are Rs 13.5 + 18% GST per day per stock sold. DP charges are not applied when buying stock. DP charges are levied per scrip despite multiple stock sales in the same transaction. Government stopped DP charges for mutual fund redemptions since May 3, 2019.