What Is DP Charges? – Broker Wise Depository Participant (DP) Charges List

 

Hello friends, today we will discuss DP CHARGES.

What Is DP Charges? – Broker Wise Depository Participant (DP) Charges List.

After opening a Demat account, the broker charges you a variety of charges. Such as brokerage, maintenance charge, the auto square of charge, etc. DP CHARGE one of them.

Full name of DP – Depository Participant (DP) Charge.

 

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What is Depository Participant (DP)

The stock market is an international business, with millions of rupees being transacted every day. In that case, keeping track of every transaction and keeping money safe, providing moving services, becomes very important.

SEBI has developed two Depositors or lockers specifically to protect people’s money.

 

NSDL & CDSL

When we buy a stock, that stock first comes to the TRADING ACCOUNT, after 24 HOUR the Demat account of that stock is transferred. And from the Demat account, you go to share CDSL or NSDL LOCKER.

There are two major Government Registered Share Depositories in the Indian stock market.

CDSL- Central Depositories Services India Ltd.
NSDL- National Securities Depository Ltd.

 

As a result, your shares or your money are completely protected.

Just like you deposit gold or land deeds in LOCKER in a bank, when you buy a share, that share moves into this NSDL or CDSL LOCKER. As a result, your money is completely protected

You must have heard a few months ago that big broker companies like Karvy, BMA have manipulated crores of rupees by SCAM.

 

So for the second time so that such damage does not occur, CDSL & NSDL have been brought.

TPIN has been arranged along with it. OTP will come to your mobile while selling shares.

No one can sell your shares without that OTP.

However, all such arrangements have been made keeping in mind the security of your money or shares.

 

Now Let Me Tell You Why BROKER Company Takes DP Charges.

 

NSDL or CDSL  provide you money & shares protection. That’s why when you sell any holdings stocks, you have to pay protection Charges for that. That’s called DP Charges.

 

Broker Wise Depository Participant (DP) Charges

A Depository Participant/Demat transaction charge is levied by CDSL on Sell transactions of your Demat holdings (Equity Delivery). Irrespective of the value of the shares sold, the transaction charges are Rs. X + GST(18%) = XX per scrip per day.

Zerodha – Depository Participant (Zerodha Broking Ltd) at Rs 13.5 (+ 18% GST) = 18.83per scrip
Upstox – Depository Participant (Upstox Broking Ltd) at Rs 18.5 (+ 18% GST)=21.83 per scrip

 

Rules Depository Participant (DP):-

• If you are doing intraday trading, you do not have to pay any kind of DP charge, because the shares are traded in the trading account.
• Shares are transferred from the trading account to the Demat account. In that case, DP CHARGES are cut.

• This charge is deducted only when the shares are sold.

• There is no extra charge for buying shares.

 

Disadvantages Of DP Charges

 

Listen carefully DP charges are deducted only when selling shares. If you sell one share, you will get 21.83 rupees, and if you sell 1000 shares together, you will get 21.83 rupees.

The important thing is that if you sell 1000 shares, then every time you sell, a charge of Rs 21.83 will be deducted.

 Suppose you bought 100 shares of State Bank a week ago. You sold 100 shares together after seven days. In this case, your DP charge will be deducted 21.83 rupees. Again if you sell one hundred shares ten times ten times then your charge will be deducted 21.83 * ​​10 = 218.30/-

I have calculated 21.83 rupees for the convenience of your understanding. The search amount of other broker companies may be different.

I have given above the charge list of the broker company.

However, it is true that when you sell holdings stocks, DP charges will be deducted. Keep this in mind when trading.

 

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Stock Market Course

I have been associated with the stock market for the last four years, teaching and training in the and opening Demat & Trading Account. I am currently associated with a Upstox stock Broker company.

However, at present, I have opened my own online training center. This training center will teach you to work in the free share market for three consecutive months. Therefore, those who want to learn how to work in the Share market can contact by calling the mobile number given below or WhatsApp. To do this course, you have to be 23 years old, educational qualifications, and a mobile number associated with the Aadhaar card.

Therefore those who are interested can contact anytime.

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My Words

I hope you like my article What Is DP Charges? – Broker Wise Depository Participant (DP) Charges List your knowledge has increased a lot. If I have made a mistake in this article or if you have any questions, feel free to leave a comment in the comments box and I will try to answer your question as soon as possible.

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