National Securities Depository Limited
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Statistics

November 30, 2018

arraw Investor Accounts - 1,79,47,363
arraw DP Service Centres - 30,761
arraw Demat Custody Value - 175.85
(₹ Lakh Crore)(US$ 2,520 billion)
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NSDL introduces flat fee structure

NSDL has decided to revise its fee structure ushering in a major change in the principle of levying fees. Since inception, NSDL has followed the principle of charging fees to the Depository Participants (DPs) on ad valorem basis. In the initial phase the charges were on ad valorem basis in keeping with the market practice. As volumes in the depository system increased, NSDL regularly kept lowering the fees. As the settlement in the market has now been fully converted to paperless mode, NSDL feels that this is an appropriate time to revise the fee structure. In an automated environment, the requirement of computing infrastructure and its usage is unrelated to the value of transactions. Hence, it is logical to relate the fees to the number of transactions in respect of settlement fee and to the number of account positions as far as custody fee is concerned. Further, the movement to flat charges is a global trend as well. In view of the foregoing, NSDL has decided to change the basis of charging fees to the DPs as given in the following para.

Custody fees which are presently being levied @ 0.01% of the value of securities subject to a ceiling depending on assets in custody with a DP, will now be charged @ Re. 0.75 per entry (ISIN) per month (i.e. Rs. 9/- per annum). Thus, if an investor holds shares of 5 companies in one account, he will be charged for 5 entries i.e. Rs.3.75 per month. An account that has no entry at all, will be charged, as if it has one entry i.e. Re. 0.75 per month. Settlement fee which is presently levied @ 0.02% of the value of securities for debit to an account will now be charged at a flat rate of Rs.15/- per debit instruction. The fee structure in case of settlement accounts of brokers (Clearing Members) is being notified to DPs separately.

Fee type Existing Proposed
Custody Fee 0.01 % Rs.9 per ISIN p.a.
Settlement Fee Debit 0.02% Rs.15 per debit instruction
Credit Nil Nil
Pledge Creation 0.01 % Rs.25 per instruction
Pledge Closure 0.01 % Abolished
Pledge Invocation 0.02 % Abolished
Securities Borrowing 0.02 %(0.04 %>3mths) Rs.25 per instruction
Rematerialisation 0.02 % or Rs.10 per Certificate, whichever higher Rs.10 per certificate
* Annual Fee Rs. 1 lac (min)
Rs. 5 lac (max)
Abolished

* The revised fee structure will however be subject to a minimum fee of Rs.1.5 lakh p.a. payable by a DP, irrespective of the level of activity or the total bill amount.

The new fee structure comes into effect from April 1, 2002.