m.Stock by Mirae AssetOpen Demat Account
m.Stock by Mirae Asset
What are DP charges in the stock market?

What are DP charges in the stock market?

When you receive your contract note, you must have noticed various charges like brokerage, STT and others being debited from your sale proceeds. But there is one charge that isn't visible on the contract note, but is nonetheless charged. We are referring to DP charge or depository participant charge. Wondering who a depository participant is and what is a DP charge? Well, you’ve come to the right place. In this article, we will understand everything about DP charges in the stock market.

What is a depository and who are depository participants?

Depository is an institution where your shares are safely stored. In India, the two main depositories are - National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL). While your securities are held for safekeeping with the depository, as an investor you cannot directly deal with NSDL and CDSL. Your broker acts as the intermediary or depository participant and connects you to the depository.

What are DP charges?

Depositories, in collaboration with the depository participant (broker) provide a wide range of services, including processing of corporate actions, pledging and unpledging of shares etc. In exchange for performing these functions, they charge a small fee known as DP charges. DP charges are applicable on only sell transactions and are directly posted on your ledger. DP charges are deducted once per scrip per day and are not dependent on the quantity of shares sold.

How much DP charges are levied in the stock market?

At m.Stock, ₹18 per debit transaction + GST will be charged as DP charges for sell transactions. Let us consider the following examples to understand this better:

  • Suppose you sell 100 shares of Tata Consultancy Services Ltd. when the market opens and another 75 in the afternoon. In this case, the total DP charges for TCS Ltd. will be ₹18 + ₹18 + 18% GST.

  • Suppose you sell 100 shares of Tata Consultancy Services Ltd. in the morning and 100 shares of Infosys Ltd. in the evening. Then, the total DP charges for the day will be ₹18 + 18% GST for TCS Ltd. and ₹18 + 18% GST for Infosys Ltd. This is because multiple different scrips are being sold.

DP charge is an unavoidable expenditure when you sell shares. But you do have a say in paying brokerage. Yes, open m.Stock’s Demat account and trade free (at zero brokerage) across equity delivery, mutual funds and IPOs (except Intraday, F&O and MTF trades).

More Related Articles

How to Make Money in Stock Market

How to Make Money in Stock Market

Calendar graphicApril 24, 2026 | 6 mins read

The extensive and volatile world of finance holds attraction and promise for millions of investors. However, for many others, the intricacies and uncertainties involved might be overwhelming. This, often, deters them from capitalising on market movements due to the fear of losing money. Fear not, though, for this article is the key to navigating the stock market's maze and opening the door to financial success. Remember that stock investment carries some risk. To be successful, you need to carefully consider your alternatives, adhere to your plan, and keep up with market developments.

Read More
The Role of Futures and Options in Hedging

The Role of Futures and Options in Hedging

Calendar graphicApril 24, 2026 | 8 mins read

In finance, hedging aims to limit potential losses arising from price fluctuations in the stock or commodity markets. By taking an offsetting position, you reduce exposure to unfavourable moves while retaining a share of gains when markets move in your favour.

Read More
What is the role of technology in modern stock brokerage?

What is the role of technology in modern stock brokerage?

Calendar graphicApril 24, 2026 | 6 mins read

Stock brokerage today looks nothing like it did even a decade ago. You no longer depend on handwritten notes, delayed confirmations, or constant stockbroker calls. Technology now shapes how you enter markets, analyse data and manage execution risks. What once required institutional access now sits right on your screen. To understand modern investing properly, you need to understand how technology quietly runs the brokerage system behind every trade you place.

Read More
View All

FAQ

When evaluating a ₹5 brokerage broker, you must check whether the cost applies across segments. Also, check if any hidden charges exist. m.Stock charges ₹5 per executed order across intraday, F&O, commodity, currency & MTF (Pay Later). 

Delivery trades, mutual funds, and IPO orders carry zero brokerage and there areno monthly fees, no hidden conditions, no platform charges. That is why m.Stock is a viable option for both active and passive investors. Order execution speed, availability of order type and product coverage are also to be reviewed before selecting any low-cost broker to be used on a regular basis.