Depository Participant (DP) charge is levied by the depository, i.e., Central Depository Services (India) Limited (CDSL), and Depository Participant (DP), i.e., Zerodha, when shares are sold from the demat account. The charge is ₹13 + 18% GST and is applicable per day and per stock, regardless of the quantity sold.

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

Example scenario

• 50 shares of Reliance are sold at 10:00 AM, and another 50 are sold at 2:00 PM. The total DP charges for the day would be ₹13 + 18% GST.
• 50 shares of Reliance are sold at 10:00 AM, and 10 shares of Infosys are sold at 2:00 PM. The total DP charges for the day would be ₹26 + 18% GST (₹13 * 2).
• Mr and Mrs A have a joint account account with Zerodha, where Mrs A is the primary account holder and Mr A the secondary. They sold 20 shares of ITC at 11:00 AM. The DP charges for the day would be ₹12.75 + 18% GST.
• Mrs B has an account with Zerodha. At 11:00 AM, she sold 25 shares of TCS and 50 shares of BSE. The total DP charges for the day would be ₹25.50 + 18% GST (₹12.75 * 2).

Did you know? DP charges are directly posted on the funds statement and do not appear on the contract note. See, Why are DP charges not shown in the contract note?