Frequently Asked Question

DP charges are applicable to Buy Today Sell Tomorrow (BTST) trades due to changes in the settlement process. Previously, shares bought and sold under BTST were credited and debited from the broker's pool account. However, now, even for BTST trades, shares are credited and debited from the client's demat account. Since shares are moved out of the client's demat account, a DP charge of ₹13 + 18% GST applies.

If the primary (first) holder of the account is a woman, the DP charge is reduced to ₹12.75 + 18% GST. These charges are applicable per day and per stock, regardless of the quantity sold.

The benefits of crediting and debiting shares directly from the client's demat account include:

1. Corporate actions like bonuses and stock splits are directly credited to the client’s demat account, as opposed to the broker's pool account, eliminating the need for the broker to allocate them to the client.

1. Dividends are directly credited to the client's bank account. In the case of any TDS on dividends, the dividend-issuing company will file it under the client’s PAN, and it will reflect in the client's tax credit statement (Form 26AS), rather than being passed on through the broker’s PAN.