What does Depository Participant (DP) charges means at 5paisa?
Depository Participant (DP) charges at 5paisa are
associated with your demat account and encompass various transaction and
maintenance fees. Here’s a detailed breakdown to help you understand these
charges:
Components of DP Charges:
- Demat
Transactions: Fees applied when you sell shares from your demat account.
- Annual Maintenance Charges (AMC): Regular fees for maintaining
your demat account.
DP Charges for Selling Shares:
- When you sell
shares from your demat account, a charge of ₹12.50 + 18% GST per scrip
(stock) is applicable, regardless of the quantity sold.
Example 1: Single Scrip Sale
- Transaction: At 12:00 PM, you sell 500
shares of SBI, followed by another sale of 50 shares of SBI at 3:00 PM.
- DP Charges Calculation:
- Total DP charges for the day:
₹12.50
- GST (18% of ₹12.50): ₹2.25
- Total Cost: ₹14.75
Example 2: Multiple Scrip Sales
- Transaction: At 11:00 AM, you sell 50 shares
of SBI, and at 12:00 PM, you sell 10 shares of ITC.
- DP Charges Calculation:
- DP charges for SBI: ₹12.50
- DP charges for ITC: ₹12.50
- Total DP charges: ₹12.50 +
₹12.50 = ₹25.00
- GST (18% of ₹25.00): ₹4.50
- Total Cost: ₹29.50
Understanding these charges helps you manage your trading
costs effectively and anticipate the expenses associated with your demat
account at 5paisa.
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