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What is the concept of depository charges of an Indian demat account?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

What is the concept of depository charges of an Indian demat account?

bank Service Tax taxation
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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

P or Depository Participant leavies certain charges to account holders on regular basis. for. e.g. HDFC Bank annually charges Rs. 500 + Service Tax to all Demat accounts with it.

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Open uri20170510 32134 117xyds?1494421825 answered

DP or Depository Participant leavies certain charges to account holders on regular basis. for. e.g. HDFC Bank annually charges Rs. 500 + Service Tax to all Demat accounts with it. These fixed regular charges are called deopository charges. They can be annual, Quarterly or even Monthly (I think Reliance Securities charges Rs. 20/Month + Taxes) .

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