What Are The DP Charges In Zerodha Brokerage?
DP charges charge:
Rs. 5.5 is charged by the depository (CDSL) and Rs.8 is charged by the depository participant (Zerodha) i.e a total of Rs.13.5 per scrip (irrespective of quantity) is debited from demat account when stocks are sold.
DP charges include Depository charges and Depository Participant (DP) charges.
The Depositories are NSDL & CDSL and Depository participants are members of Depositories with whom you open your demat account (Eg: IL&FS, Zerodha).
DP charges are applicable whenever you sell any shares from your demat account. This charge is a source of revenue to the Depositories & its participants. Similar to how Exchanges charge Transaction fee, Brokers charge brokerage, Depositories & DP's charge DP charge.