What are DP charges?
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27 May 2021
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Understanding DP charges
DPs are depository participant like ICICI Bank. DPs charge a fee to open and maintain demat accounts. These include:
-
Account opening charges
What you pay to open an account. However, few DPs may waive this charge. -
Annual Maintenance Charge
AMC is an annual fee to maintain a demat account. -
Transaction Fees
Fees per transaction is small percentage or a flat fee. -
Custodian Fees
Paid monthly to the central depository based on the number of the securities in your account. These are usually waived. -
Other Charges
You may be charged for requests such as dematerialization of shares, rematerialization, account statements etc.
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