by Suman Gupta
Mumbai, 23rd October 2024: NSDL announces its revised charge structure of ₹4.00 per debit instruction in a client’s demat account, effective from October 1, 2024. The settlement fee (which was earlier levied on a slab structure) will now be a single charge structure for all its DPs.
Aimed at the youth of India, NSDL also announces the launch of YUP (YUva Plan), where the settlement fees per debit instruction will be Zero for 36 months from the date of opening of a new demat account by individual youth below the age of 24.
Mr. S. Gopalan, Interim MD of National Securities Depository Limited (NSDL) said:
“At NSDL, we are always committed to bring innovative products and offering them at an affordable fee. Empowering the youth of India is the latest initiative whereby, we will waive-off settlement fees for three years, which I am sure will help the youth access the securities markets at an affordable cost.”
About NSDL: National Securities Depository Limited (NSDL) is India’s first securities depository in India with over ₹500 Lakh Crore (US $ 6 Trillion) in value of assets held in custody. The market share of NSDL in value of demat assets is more than 86% in fiscal. NSDL demat accounts are located in more than 99.3% of pin codes in India with 63,000+ Service centres in fiscal covering every state & union territory.
NSDL has played a key role in transforming the Indian securities market by facilitating holding and transfer of securities in dematerialised form. NSDL offers an array of value-added services to investors and new age Brokers and Participants such as NSDL SPEEDe App, APIs/Technology integrations Digital LAS, FPI monitoring and many more.
