How DP charges are charged in Flattrade?

Flattrade charges a flat fee of ₹20 per debit transaction plus applicable GST. Please note, this fee is levied by the depository (CDSL) and the depository participant.

Understanding DP charges:

At Flattrade, we perform an Early Pay-In (EPI), which means we deliver securities (for sales) or cash (for purchases) to the exchange’s clearing corporation before the settlement date, usually on the same day as the trade (T), rather than T+1.

Specifically, we transfer securities or funds to the exchange within 3 minutes, a very rapid and notable achievement among brokers.

Implications of Early Pay-In for DP Charges:

DP charges are applied when shares are sold, debiting the amount from your Demat account. At Flattrade, this fee is ₹20 per Debit Transaction plus applicable GST. These charges also apply to multiple orders executed after the initial 3-minute window.

For example, if a user named X places multiple orders within a 3-minute window, no additional DP charges are levied. However, if X places multiple orders at different times—say at 10:00 AM, 11:00AM, and 12:00PM. Each transaction will incur a DP fee of ₹20 plus GST. For further clarification, please contact our team regarding these charges.