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NSDL reduces charges by 25%

NSDL has decided to reduce the settlement fee charged to the Depository Participants from Rs.8/- to Rs.6/- per debit instruction and the corporate action fee charged to Issuers from Rs.8/- per record to Rs.6/- per record. This means a reduction by 25% of the existing charges. This reduction will be effective from October 1, 2005.

It has always been the policy of NSDL to reduce charges with the growth in volumes and share the benefit of increased volumes with users of the Depository system. It is NSDL's continued commitment to deliver cost effective services. NSDL had in the past reduced the settlement fee from Rs.10/- to Rs.8/- from January 1, 2004. Further, no settlement fee for credits and no custody fee is payable by the investors.