Since inception, NSDL has been following the policy of reducing its fees with the growth in volumes. At present, NSDL levies a custody fee of Re. 0.50 per ISIN position per month i.e. Rs.6 per annum. The number of ISIN positions in NSDL have been steadily on the rise which clearly signals the investors' enthusiasm towards the demat process. Investors have dematerialized their securities at a very fast pace in the last six months. 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.4 per ISIN position per annum (Re.1 per ISIN position per quarter) as against Rs.6 per ISIN position per annum. This reduction will take effect from April 1, 2004. The custody fee will be collected from the Depository Participants (DPs) on a quarterly basis. There is no other change in the fee structure.
Fee Type | Charge |
Custody fee | Rs.4 per ISIN p.a. |
Settlement Fee | Rs.8 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
March 11, 2004