Depository Charges?

#1
on my hdfc bank statement they appear once in 2 months and each time they vary in hundreds, how is this calculated. they appear to be high as I also pay brokrage.
 

vasa1

Well-known member
#2
on my hdfc bank statement they appear once in 2 months and each time they vary in hundreds, how is this calculated. they appear to be high as I also pay brokrage.
Depository charges are in addition to brokerage and are unrelated to brokerage.

Normally, each debit from your demat is charged. My broker takes Rs. 11 per debit.

Say, you sell one or more shares of BHEL in one settlement (same day) in one or more transactions... This amounts to one debit.

Also, you sell some L&T the same way. That is a second debit.

If you square off your sale by a purchase of the same amount (number of shares) in the same settlement, you won't be charged since your demat holding is not disturbed.

Normally, there's no charge when shares are credited to your demat a/c.
 

Alchemist

Administrator
Staff member
#3
depositary charges are calculated on per transaction basis.

vasa1 has given the right explanation.

if you sell 2 shares of BHEL at 1:30 PM on NSE and then 2 more shares at 2:30 PM on NSE, you will be delivering 4 shares on settlement day.

that would be considered as 1 single transaction, even if there were 2 separate transactions on the exchange.

Indiabulls charges Rs 10 per debit.

Reliance Money charges Rs 12 per debit.

============================

Also, some DP's have AMC (annual maintenance charge).

The DP will charge you the AMC even if there have been no transactions in your demat account.
 
#4
wonderfully explained,got it now. thanks to both of you.

yes, there is no charge for credit otherwise I would have to pay a lot more. :D.
 
#5
HDFC Depository charges

On Sep 2017, I sold 356 shares of CPSE ETF at Rs.27.95/share through Hdfc securities. On Oct, they have deducted Rs.914.5 as "Depository Charges SEP17". I don't know why they deducted these much amount. I didn't do any other transactions on that month. And this was the profit I made from that share. :-(

Can you please explain me the details? Thanks in advance.

Depository charges are in addition to brokerage and are unrelated to brokerage.

Normally, each debit from your demat is charged. My broker takes Rs. 11 per debit.

Say, you sell one or more shares of BHEL in one settlement (same day) in one or more transactions... This amounts to one debit.

Also, you sell some L&T the same way. That is a second debit.

If you square off your sale by a purchase of the same amount (number of shares) in the same settlement, you won't be charged since your demat holding is not disturbed.

Normally, there's no charge when shares are credited to your demat a/c.
 
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