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NSDL Revises Transaction Fee
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.
Mumbai
April 12, 2002