CDSL Introduces Uniform Tariff Of Rs 3.50 Per Transaction Effective 1 Oct

Central Depository Services (India) or CDSL, notified the introduction of a uniform tariff of Rs 3.50 per debit transaction, effective from 1 October 2024, the company informed the exchange in a filing. This move by the depository is expected to streamline transaction costs for over 13 crore investors who rely on CDSL for their depository needs.

In addition to the new tariff structure, CDSL also announced that certain discounts will remain applicable. Specifically, female demat account holders, either as sole or first holders, will continue to receive a discount of Rs 0.25 per debit transaction. Similarly, a Rs 0.25 discount will also be applied to debit transactions related to Mutual Fund and Bond ISINs (International Securities Identification Numbers).

"Central Depository Services (India) or CDSL, Asia's only listed depository and wealth custodian for over 13 crore investors is pleased to notify uniform tariff. CDSL notifies uniform tariff of Rs 3.5/debit transaction" said the company.

The revised tariff aims to standardise transaction costs. The transaction costs by a depository like CDSL are fees that are charged when shares are sold from a demat account.

Central Depository Services (India) or CDSL is one of India's two major depositories, alongside NSDL (National Securities Depository). It was established in 1999, CDSL facilitates the holding and trading of securities such as shares, bonds, and mutual funds in electronic form. Its primary role is to safeguard investors' holdings by providing dematerialisation services, which allow physical securities to be converted into digital form. (ANI)