What are DP charges?

Understanding DP charges

DPs are depository participant like ICICI Bank. DPs charge a fee to open and maintain demat accounts. These include:

1. Account opening charges

   What you pay to open an account. However, few DPs may waive this charge.

2. Annual Maintenance Charge

   AMC is an annual fee to maintain a demat account.

3. Transaction Fees

   Fees per transaction is small percentage or a flat fee.

4. Custodian Fees

   Paid monthly to the central depository based on the number of the securities in your account. These are usually waived.

5. Other Charges

   You may be charged for requests such as dematerialization of shares, rematerialization, account statements etc.