Pinky
asked about 3 years ago
What is the concept of depository charges of an Indian demat account?
0
0
Answer Now
Comment
Report
2 Answers
narahari
answered almost 3 years ago
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.
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
dhanashri
answered about 3 years ago
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) .
