Central Depository Services (India) Limited (CDSL), Asia’s only listed depository and a wealth custodian for over 13 crore investors, has announced a uniform tariff for its services in compliance with the Securities and Exchange Board of India’s (SEBI) ‘True to Label’. The revised tariff will come into effect from October 1, 2024.
As part of the new tariff structure, CDSL will implement a standardized charge of Rs. 3.50 per debit transaction for all its account holders. This move is aimed at enhancing transparency and consistency in fee structures across all transactions.
Key Highlights of the Revised Tariff:
1. Uniform Debit Transaction Fee: A standard fee of Rs. 3.50 will be charged per debit transaction for all account holders.
2. Continued Discounts
– A discount of Rs. 0.25 per debit transaction will be applicable for female demat account holders, whether they are the sole holder or the first holder of the account.
– A similar discount of Rs. 0.25 per debit transaction will be provided for transactions involving Mutual Fund and Bond ISINs.
This revised tariff is expected to benefit investors by simplifying the fee structure and ensuring a fair and uniform tariff system. CDSL’s initiative aligns with SEBI’s vision of maintaining transparency and accountability in the securities market, while also supporting the financial inclusion and participation of women investors.
CDSL, a leading depository in the Indian financial market, continues to prioritize investor interests by offering secure and efficient services. The company remains committed to adopting regulatory changes that foster a transparent and equitable investment environment.
For further details on the revised tariff, investors can visit the official CDSL website or contact their respective Depository Participants..
