Pinky
asked over 3 years ago
What is the concept of depository charges of an Indian demat account?
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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.
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dhanashri
answered over 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) .
