What does Depository Participant (DP) charge mean?
Depository Participant (DP) charge is levied by the depository, i.e., Central Depository Services (India) Limited (CDSL), and Depository Participant (DP), i.e., Zerodha, when shares are sold from the demat account. The charge is ₹13.50 (₹5.50 by CDSL and ₹8 by Zerodha) + 18% GST and is applicable per day and per stock, regardless of the quantity sold.
Example scenario
- 50 shares of Reliance are sold at 10:00 AM, and another 50 are sold at 2:00 PM. The total DP charges for the day would be ₹13.50 + 18% GST.
- 50 shares of Reliance are sold at 10:00 AM, and 10 shares of Infosys are sold at 2:00 PM. The total DP charges for the day would be ₹27 + 18% GST (₹13.50 * 2).
Did you know? DP charges are directly posted on the funds statement and do not appear on the contract note. See, Why are DP charges not shown in the contract note?
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