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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