Karvy online trading brokerage charges in icici
The depository system helps in reducing the cost of new issues due to lower printing and distribution costs. It increases the efficiency. Benefit to the investor: The depository system reduces risks involved in holding physical certificates, e. It ensures transfer settlements and reduces delay in registration of shares.
It ensures faster communication to investors. It helps avoid bad delivery problems due to signature differences, etc.
It ensures faster payment on sale of shares. No stamp duty is paid on transfer of shares. It provides more acceptability and liquidity of securities. It reduces risks of delayed settlement. It ensures greater profit due to increase in volume of trading. It eliminates chances of forgery or bad delivery. It increases overall trading and profitability. It increases confidence in their investors. A depository in simple terms is an institution holding a pool of pre-verified shares held in electronic mode that offers efficient settlement of transactions.
A Depository Participant DP is an intermediary between the investor and the depository. A DP is typically a financial organization like a bank, broker, financial institution, or custodian acting as an agent of the depository to make its services available to the investors. Converting physical records of investments into electronic records is called "dematerialising" of securities.
In order to dematerialise physical securities, investors must fill in a Demat Request Form DRF , which is available with the DP and submit the same along with physical certificates.
A comparison of the fees charged by different DPs is detailed below. There are a few distinct advantages of having a bank as a DP. Having a Demat account with a bank DP, usually provides quick processing, accessibility, convenience, and online transaction capability to the investor. Generally, banks credit the Demat account with shares in case of purchase, or credit a savings account with the proceeds of a sale, on the third day. Banks are also advantageous because of the number of branches they have.
Some banks give the option of opening a demat account in any branch, while others restrict themselves to a select set of branches. Some private banks also provide online access to the demat account. Hence, the investors can conveniently check online details of their holdings, transactions and status of requests through their bank's net-banking facility.
A broker who acts as a DP may not be able to provide these services. There are four major charges usually levied on a demat account: Charges for all fees vary from DP to DP.
Depending on or may not be an opening account fee. However, players such as Elite Wealth advisors Ltd. But in Ventura Securities ltd, Angel Broking  and some other companies do not have an any opening charge. State Bank of India does not charge any account opening charge while other maintenance and transaction charges apply.
Most players levy this when re-opening a demat account. The fee is also refundable. This is also known as folio maintenance charges, and is generally levied in advance. It is charged on annual or monthly basis. The fee also differs based on the kind of transaction buying or selling. Some DPs charge only for debiting the securities, while others charge for both. In addition, service tax is also charged by the DPs. In addition to the other fees, the DP also charges a fee for converting the shares from the physical to the electronic form or vice versa.
This fee varies for both demat physical-to-electronic and remat electronic-to-physical requests. So when ever the stock debited from your demat account there would be DP Charges of Rs.
DP charges are applicable whenever you sell any shares from your demat account. NSDL charges a depository fee of Rs. DP charge is applicable only on the day it is sold. So, DP charges levied only when the stocks in demat account are sold and is irrespective of quantity.
For more information https: Would someone please enlighten me on this activity?? As You mentioned you have not done any selling of Stocks Operations. I am not sure then why you have been charged DP charges. For Information on Account specific you can drop a mail at support zerodha.
Check your ledger in back office, in zerodha brokerage calculator you will find Rs