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On February 26, 2002, NSDL, had announced a revision in its fee structure to the Depository Participants (DPs). The new fee structure was to be made effective from April 1, 2002. However, SEBI advised NSDL that the charges be further reviewed by NSDL and may not be made applicable from April 1, 2002. In view of this, the Board of Directors of NSDL reconsidered the matter and decided to reduce the settlement fee from Rs.15 per debit instruction to Rs.10 per debit instruction. There will be no settlement fee for credit instruction, as at present. There is no change in the fee structure in respect of other transactions and these are given below:
| Fee type | Charge |
| Pledge Creation | Rs.25 per instruction |
| Pledge Closure | Nil |
| Pledge Invocation | Nil |
| Securities Borrowing | Rs.25 per instruction |
| Custody Fee | Rs.9 per ISIN p.a. |
| Rematerialisation | Rs.10 per certificate |
The revised fee structure comes into effect from May 1, 2002.
In view of the change in the settlement system from rolling settlement on T+5 basis to rolling settlement on T+3 basis w.e.f. April 1, 2002, SEBI has vide its Circular No.: SMD/Policy/Cir - 05/2002 dated March 26, 2002 advised following activity schedule for rolling settlement on T+3 basis:
| S. No. | Day | Description of activity |
| 1 | T | Trade Date |
| 2 | T+1 | Custodial Confirmation |
| 3 | T+3 | Securities and Funds pay-in / Securities and Funds pay-out The exact timings of pay-in and pay-out would be specified by the respective exchanges. |
| 4 | T+4 | Auction of shortages in deliveries. |
| 5 | Not later than T+6 | The auction pay-in and pay-out would be conducted as soon as possible; it should not in any case be later than T+6. The exact timings of auction pay-in and pay-out would be specified by the respective exchanges. |