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What are DP charges?

1 Min 27 May 2021 0 COMMENT

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.