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

Decoding today’s stock market crash: War, Oil, and the patterns we have seen before

Decoding today’s stock market crash: War, Oil, and the patterns we have seen before

Calendar graphicMarch 24, 2026 | 6 mins read

Indian equities are once again under pressure today (March 23, 2026) as war driven tensions singed Asian markets early on Monday. This was caused by another spike in oil prices, a weaker rupee, and elevated global volatility keep traders firmly in risk off mode. Nifty and Sensex whipsawed due to headlines that amplify the fears of the war around the Iran conflict and US President Trump’s ultimatum on the Strait of Hormuz

Read More
How Anchoring Bias Influences Stock Market Decisions

How Anchoring Bias Influences Stock Market Decisions

Calendar graphicMarch 23, 2026 | 13 mins read

When you participate in the stock market, you believe your decisions are driven by analysis, numbers, and experience. However, behavioural tendencies often influence judgement more than you realise. One such tendency is anchoring bias, a psychological habit that fixes your thinking around an initial reference point, such as a past price or expectation. This anchoring effect subtly influences how you judge value, assess risk, and react to market changes. The anchoring bias meaning lies in your mind’s preference for familiar figures, even when they are no longer relevant.

Read More
What Is Market Depth?

What Is Market Depth?

Calendar graphicMarch 20, 2026 | 18 mins read

When you look at a stock’s price, it may seem like a simple number updated every second. In reality, that price is the result of hundreds or thousands of buy and sell orders competing for execution. What you see on the screen is only the Last Traded Price (LTP), but beneath that surface lies a constantly shifting structure of demand and supply.

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.