Delayed Payment Charges (DPC) are fees charged when there is a delay in making payments for your trades. Here’s a simple breakdown:

1. Interest Rate: DPC is charged at a rate of 0.06% per day.
2. Calculation: The interest is calculated daily but posted to your account on a weekly basis.

Understanding Delayed Payment Charges in Detail:

• Net Ledger Balance: The balance in your account for all segments, including Mutual Funds, is used to calculate the Net Ledger Balance.
• Payment Timeline:
• If you buy shares on Monday and make the payment by Tuesday (T+1 day), DPC will not be charged.
• If you delay the payment beyond Tuesday, DPC will be charged at 0.06% per day until the payment is made.
• Example Scenario:
• If you buy shares on Monday and do not make the payment by Tuesday and then sell some securities on Tuesday:
• DPC will be charged for one day (Tuesday) because the settlement for the sell trade happens on Wednesday (T+1 day).

This ensures you understand why and when DPC is applied to your account, helping you manage your payments and avoid extra charges.