DP (Depository Participant) transaction charges are applied under specific conditions related to the transfer of shares from your DEMAT account. These charges have been effective since 8th June 2020. Here is a structured breakdown of the applicable charges:
1. General DP Charges
Selling Shares:
· Applicable when selling delivery shares from your DEMAT account.
· Charge: ₹12.50 per transaction.
Transfer to Another DEMAT Account:
· Applicable for any transfer of shares from your DEMAT account to another DEMAT account upon your request.
· Charge: ₹12.50 per transaction.
2. Exemptions from DP Charges
Unpaid Securities Account to DEMAT Account:
· No DP charges for transfers from an Unpaid Securities account to your DEMAT account.
· Applicable for clients with debit balances and non-POA (Power of Attorney) clients.
Between Margin Accounts:
· No DP charges for transfers between two margin accounts executed on your behalf (e.g., Cash Margin to MTF Margin or vice versa).
Margin Account to DEMAT Account (Quarterly Settlement):
· No DP charges for transfers from a margin account to your DEMAT account during quarterly settlements.
3. Special Subscriber Benefits
Platinum and Titanium Subscribers:
· No DP charges for any of the aforementioned transactions.
· These services are free of cost for Platinum and Titanium subscribers.
4. Additional DP Charges
Margin Benefits or Margin Trading Facility:
· For transferring shares from your DEMAT account to our Margin account for margin benefits or under the Margin Trading Facility.
· Charge: ₹50 per script.
5. Other Notes
· The charges mentioned are per transaction and script for primary users.
· As per the DP tariff sheet, other standard DEMAT charges remain unchanged.
· The current structure of charges will remain effective until further notice.
This detailed breakdown ensures you understand when and how DP charges are applied and the benefits available for different subscriber levels.