CDSL Introduces Uniform Transaction Tariff of Rs 3.50 from October 2024

Central Depository Services (India) Limited (CDSL) announced a uniform transaction tariff of Rs 3.50 per debit transaction effective from October 1, 2024. The move aims to streamline costs for 13 crore investors. Discounts for female demat account holders and specific ISINs will still apply.

Central Depository Services (India) Limited (CDSL) announced on Thursday a new uniform tariff of Rs 3.50 per debit transaction, effective October 1, 2024. This initiative is expected to streamline transaction costs for over 13 crore investors who utilize CDSL's depository services.

Despite the new tariff structure, CDSL confirmed that certain discounts will remain in place. Female demat account holders, either as sole or first holders, will continue to receive a discount of Rs 0.25 per debit transaction. Additionally, a Rs 0.25 discount will be applied to debit transactions related to Mutual Fund and Bond ISINs (International Securities Identification Numbers).

"CDSL, Asia's only listed depository and wealth custodian for over 13 crore investors, is pleased to announce a uniform tariff," the company stated. The revised tariff aims to standardize transaction costs, which are fees charged when shares are sold from a demat account.

CDSL, established in 1999, is one of India's two major depositories, alongside NSDL (National Securities Depository Limited). The company facilitates the holding and trading of securities such as shares, bonds, and mutual funds in electronic form, safeguarding investors' holdings by providing dematerialization services.

(With inputs from agencies.)