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NSDL reduces charges by 16%

NSDL has decided to reduce the settlement fee charged to the Depository Participants (DPs) from Rs.6 to Rs.5 per debit instruction. This means a reduction by 16% of the existing charges. This reduction will be effective from January 1, 2008.

It has always been the policy of NSDL to reduce charges with the growth in volumes and share the benefit of increased volumes with the users of Depository system. It has been NSDL's continued commitment to deliver cost effective services. NSDL had in the past reduced the settlement fee several times, the last reduction was from Rs.8 to Rs.6 in October, 2005.