CDSL Introduces Flat Rs 3.50 Transaction Fee Starting October 1 – Key Update for 13 Crore Investors

Central Depository Services (India) Limited (CDSL) has announced a new uniform transaction fee of Rs 3.50 for each debit transaction, effective from October 1, 2024. This change aims to simplify transaction costs for the 13 crore investors who use CDSL for their depository needs, the company said in a filing.

Along with this new pricing, CDSL confirmed that some discounts will still apply. Female demat account holders, whether they are the sole or first holder, will continue to get a Rs 0.25 discount per transaction. Additionally, debit transactions involving Mutual Fund and Bond ISINs will also receive the same Rs 0.25 discount.

As the only listed depository in Asia, CDSL is responsible for managing the holdings of millions of investors and ensuring secure transactions. The new pricing structure is intended to make transaction costs more uniform and transparent for everyone.

CDSL, which started in 1999, plays a crucial role in holding and trading securities like shares, bonds, and mutual funds in electronic form. It ensures investor security by offering dematerialization services that convert physical securities into digital formats.