What are DP charges?
When I was working with Zerodha I used to get a lot of queries regarding DP charges ki sir ye DP charge kis leye deduct hua hai? Is it a hidden charge? Etc. A few months back, I had also written a blog regarding the list of charges while trading and investing in shares, you can check that blog here In that also, I had mentioned DP charges in brief but today in this blog I'll explain more in detail with examples. Wait, but before that let's understand what does a DP mean, so the full form of DP is Depository Participant . Now, who is a Depository Participant? In India, there are two depositories NSDL and CDSL . A Depository is a government body where your actual demat account gets opened which means even If in future a broker defaults then your shares would be safe with the Depositories. A broker is just an intermediary between the Depository and the Investor. A broker has to take the membership of any of the Depository, after becoming the member, the broker is kn...