What is a Depository Participant (DP) charge and how is it calculated?

A Depository Participant (DP) charge is a fee applied when securities are sold from a demat account. Both the depository and the depository participant levy this fee to cover the costs of maintaining and transferring your securities electronically:

• Depository: Central Depository Services India Limited (CDSL)
• Depository Participant: Zerodha (Broker)

How Zerodha calculates DP charges

Per day, per stock basis

• If you sell shares of one company once or multiple times in a day, you pay DP charges only once.
• If you sell shares of two or more companies in a day, you pay DP charges for each company's shares separately.

Gender-based pricing

Your DP charges depend on the gender of the primary demat account holder. You can own a demat account individually as the primary holder or jointly with up to two others as second and third holders. The table below shows the charges for male and female primary demat account holders:

Example scenarios

For accounts with male primary holders

Same stock sold multiple times in a day:

1. 10:00 AM: You sell 50 shares of Reliance.
2. 2:00 PM: You sell another 50 shares of Reliance.
3. DP charges: ₹13 + 18% GST = ₹15.34.

Different stocks sold on the same day:

1. 10:00 AM: You sell 50 shares of Reliance.
2. 2:00 PM: You sell 10 shares of Infosys.
3. DP charges: ₹26 + 18% GST (₹13 for each stock) = ₹30.68.

For accounts with female primary holders

Same stock sold multiple times in a day:

1. 10:00 AM: You sell 50 shares of Reliance.
2. 2:00 PM: You sell another 50 shares of Reliance.
3. DP charges: ₹12.75 + 18% GST = ₹15.05.

Different stocks sold on the same day:

1. 10:00 AM: You sell 50 shares of TCS.
2. 11:00 AM: You sell 50 shares of BSE.
3. DP charges: ₹25.50 + 18% GST (₹12.75 for each stock) = ₹30.09.

Things to keep in mind

• DP charges are posted directly on the funds statement and do not appear on the contract note.
• Refer to the CDSL amendments to operating instructions for depository participants (PDF).