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Realignment of CDSL's Fee Structure
In line with changing market practices, CDSL had decided to realign its fee structure with effect from May 1, 2002. The fee realignment became necessary in the wake of the announcement of flat transaction fees by the other depository. Since the announcement of the realignment, SEBI has advised CDSL to have a review of its fees before it could be made effective from May 1, 2002.
CDSL while proposing the realignment in its fees has taken care to ensure there is no undue burden imposed on the depository participants or the small investors. The realigned fee structure maintains our investor-friendly practice of not charging any fees for custody and annual account maintenance as well as for demat of securities.
CDSL's Board of Directors has, since, reviewed the matter regarding settlement fee structure and has decided to go ahead with its implementation, with effect from May 1, 2002.
The realigned fee structure of CDSL to its depository participants is as follows
Fees
Upto 30/04/2002
w.e.f. 01/05/2002
Demat
NIL
NIL
Custody/Per ISIN Fee
NIL
NIL
Settlement
Credit 0.005% Debit 0.005% of the transaction value
NIL 0.01% of the transaction value subject to minimum of Rs.5/- & maximum of Rs.12/- per transaction
Pledge -Set up -Removal -Invocation
0.005% 0.005% 0.01% of the transaction value
Rs.12/- to pledgor. Rs.12/- to pledgor. Rs.12/- to pledgee Per request
Remat
NIL
Rs.10/- per certificate
Fees payable by DPs or their branches having connectivity with CDSL -
A monthly fee of Rs.100/- or the amount of the actual bill for the month whichever is higher.
Fees for Clearing Members
CDSL charges only Rs. 500/ - per month to its DPs for a CM. Further a fee of 0.01% on the transaction value subject to a minimum of Rs.5/- and maximum of Rs.12/- will be payable -
For transfer from a CM a/c to any CM a/c.
For credit of securities in pay-out declared by an exchange into a CM a/c meant for other exchange.
