Kotak Securities DP Charges

When opening a Kotak demat account, it is important to consider the Kotak Securities DP charges. DP charges or the Depository Participant charges are charged on all the sell transactions. 

Generally, these charges are not displayed on the contract notes and thus many investors remain unaware of this additional cost. 

To keep you aware of the same here is the detailed review of the DP charges charged by the broker. 

DP Charges in Kotak Securities

Amrita recently started trading with Kotak Securities and calculated all her charges for selling 10 shares of ABC stocks. 

But to her surprise when the final cost came, she saw an increased number. Worried about the extra cost, after thorough research she found out that these extra charges were the DP charges. 

It is a flat transaction fee charged on the debit of shares from the demat account. This fee is levied once per scrip per day, make sure you remember that.

DP charges in Kotak Securities are tabulated below:

Let’s move ahead to check how Kotak Securities DP charges are actually calculated. 

Kotak Securities DP Charges Calculator 

The one question that might be occurring in your mind right now is how dp charges are calculated in Kotak Securities. It is a very simple process. 

For example, a scrip is worth ₹10,000, then the dp charges on that will be:

0.04% of 10,000= 4+NSDL charges. Since the minimum payable amount is ₹27, the DP charges here will be ₹27. 

As we mentioned earlier that the DP charges are according to per scrip and not the volume, here is an example explaining that. 

Suppose you want to sell 5 shares worth ₹2,000 each.

Transaction 1:

3 shares, the dp charges here will be 0.04% of the securities and NSDL charges

1 share= ₹2000

3 shares= ₹6000.

DP charges= ₹2.4 (0.04% of 6000)

The minimum payable amount is ₹27, so you will have to pay at least ₹27. 

Transaction 2:   

For 2 shares worth ₹4000

DP Charges= ₹1.6 (0.04% of 4000)

Minimum DP Charges= ₹27

This means that you’d need to pay ₹27 again.

Right? Wrong!

As mentioned earlier, DP charges are levied only once per day per scrip and in transaction#1, these charges were already levied. So, you don’t pay any DP charges on the second transaction.

However, imagine your transaction 2 happened on day 2 and your turnover was beyond 1 Lakh rupees.

In that case, you’d have paid 0.04% X 1000000 i.e.₹100, and not ₹27 as your DP charge in Kotak Securities.

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Conclusion 

Now that you know about the Kotak securities dp charges, we hope that you don’t get startled when you see extra fees. If you are wondering how much is the dp charge in Kotak Securities, then you can simply calculate it as given above. 

In case you still wish to learn more, click here.

Happy trading!

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