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NSDL reduces Custody Fee by 33%
NSDL introduced a flat fee structure with effect from May 1, 2002. Under this fee structure, a custody fee of Rs. 9/- per ISIN position per annum (75 paise per ISIN position per month) is being levied. The number of ISIN positions in NSDL have been steadily on the increase which clearly signals the investors' enthusiasm towards the demat process. Investors have continued to dematerialize their securities at the same pace as in the past. Keeping in line with NSDL's policy of passing on the benefit of increased volumes to the market, NSDL has decided to reduce the custody fee to Rs. 6/- per ISIN position per annum (50 paise per ISIN position per month) with effect from October 1, 2002. There are no other changes in the fees charged to the Depository Participants. The fee structure after the reduction in custody fee is as given below
| Fee Type | Charge |
| Custody fee | Rs. 6 per ISIN p.a. |
| Settlement Fee | Rs. 10 per debit instruction |
| Pledge Creation | Rs.25 per instruction |
| Pledge Closure | Nil |
| Pledge Invocation | Nil |
| Securities Borrowing | Rs.25 per instruction |
| Rematerialisation | Rs.10 per certificate |
Mumbai
August 21, 2002