Good news for investors! CDSL cuts transaction charges | Here’s revised fee structure for Demat accounts
The Central Depository Services India Ltd (CDSL), the second-largest Indian central securities depository, has announced a reduction in transaction charges.
The depository has cut the tariff by 50 paise per debit transaction across all existing slabs. There is an additional discount of 25 paise on debit transactions in the Demat account where the first/sole holder of such account is female.
CDSL has also announced an additional discount of 25 paise on debit transactions done in mutual fund ISINs and bond ISINs. ISIN (International Securities Identification Number) is a 12-digit code which helps in uniquely identifying a security, such as a stock or a bond or a mutual fund.
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When will this revision in transaction charges be effective?
The said reduction in transaction charges shall be made effective from June 1, 2024, which will be billed to you in July 2024 i.e. billing cycle for June 2024, the CDSL said in a notification.
CDSL, Asia’s only listed depository, maintains and provides services to over 11.84 crore investors.
The depository said that it is “pleased to announce a reduction in transaction charges as part of its ongoing efforts to enhance investor experience in the Indian capital markets”.
CSDL said these revised transaction charges will be applied to all securities except for commercial paper, certificate of deposits and government securities.
No charges shall be levied for transferring all securities from one account maintained with a depository participant (DP) to another account maintained with another DP if both accounts are held in identical order of names.
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