Many times, traders remain unaware of certain charges imposed on their Demat account. One such is DP charges. If you are having a demat account with 5paisa, then it is essential to learn about the DP charges in 5paisa.
So now, hold the attentiveness, and let’s get started!
Being a discount stockbroker, 5paisa is offering services in the three financial domains. These are online trading, insurance, and mutual funds.
Regulated by SEBI, it is monitored by top depositories like NSDL and CDSL. Apart from this, it allows traders to trade with NSE, BSE, MCX, and MCX-SX.
Thus, it allows you to either trade or plan long-term investments in different segments like equity, commodity, currency, etc.
Let’s dive in to understand the concept of DP charges in a clear way.
DP Transaction Charges 5paisa
For all sales transactions in your Demat account, Depository Participant (DP) charges are implemented by the broker. As far as DP Charges in 5paisa are concerned, here are the details:
These payments are mainly for brokerage purposes and are not specified in the papers of the contract. They are the stream of income for depositories and their participants.
DP charges, regardless of the quantity sold, are a flat transaction fee. The sum paid is thus per script and never the quantity sold. So, if you sell 1 share or 100 shares, the fees will stay similar.
To facilitate the transaction of securities, depositories such as NSDL and CDSL procure fees. DP costs are charged when you exchange securities in your Demat account. Briefly, DP charges belong to depository participants, which are transferred on to investors.
DP charges are imposed by the depository as well as by the depository participant. Where the corporation is a participant of Nifty, the fee shall be levied by the National Securities Depository Limited (NSDL).
Central Depository Securities Limited (CDSL) calculates the tax if the company is a participant of the BSE.
DP Charges of 5Paisa
DP Transaction Charges (credit)
Zero (purchasing shares, no charges)
DP Transaction Charges (debit)
Rs. 12.5 per scrip (selling shares, the fee is collected)
To understand the above table, here is a brief about the same.
The DP Charges in 5paisa (credit) are NIL, which means if you are purchasing the shares, there will be no transaction charges.
In the case of DP Charges in 5paisa (debit), ₹12.5 will be collected per scrip if you are selling the shares.