NSDL cuts DP charges

Incidentally, NSDL has always followed the policy of reducing charges with the growth in volumes to shares the benefit of increased volumes with users of the depository system. ‘‘NSDL has in the past reduced the settlement fee from Rs 10 to Rs 8 on January 1, 2004. Further, no settlement fee for credits and no custody fee is payable by the investors,’’ it said.

In the last one year, 1.7 million new accounts have been opened with NSDL and total number of accounts have crossed 6.6 million. The total value of dematerialised securities with NSDL is currently over Rs 16,80,000 crore or $380 billion.