What does Depository Participant (DP) charge mean?

●      DP charges are fees charged by depository participants (like brokerage firms or banks) for facilitating transactions involving the transfer of securities held in a demat account.

●      These charges are applicable only on sales from your holdings of shares. The charges are per instrument or ISIN irrespective of the number of shares sold in a single script on a given day. There are no DP charges for intraday equity transactions or derivative transactions as those do not involve changes to your demat account.