Hi according to this reddit post
A user has mentioned that dhan customer care executive has said that dp charges are applicable for each individual order of a ISIN in a single day separately
is it true?
please clarify it
Many people are not opening dhan accounts seeing this specific thing in the pricing section of the dhan website
@PravinJ Please look into this
Thanks
@FIRE DP Charges are applicable per ISIN per transaction. Here per ISIN is quite clear - it is for every stock / security. Per transaction means the shares moving out of your demat account. For instance, let us say you sold 100 shares in 5 intervals of 20 each. For every 20 shares sold, the shares are immediately moved out of your demat so that you can get the sell value of those 20 shares as credit which can be used for trading/investing. Now if you do this 5 times, there would be 5 transactions and thus DP Charges would be charged accordingly. Now, incase we do at the end of the day for all tranches (20x5 = 100 shares), DP charges would be applicable only once but in that case, you wont be able to get the credit for sale or the margin benefit. This is because SEBI clearly mandates to provide the credit for sale only after doing the early pay-in (removing shares from your demat). I hope this clarifies your question / concern.
Hi @FIRE Well the OP on Reddit has tried best to sensationalised for reasons best known to him or her. No one sane will do sell 1000 sells in 1000 transactions, this doesn’t happen.
As far as other benefits are concerned - Dhan does not charge any brokerage for Delivery (now among very very small number of brokers who do that), no demat fees as AMC (no conditions like first 3 months or first year free), lowest DP charge, lowest pledge & unpledge charges, and more beyond access this is to have products & features in Dhan ecosystem for no additional costs.
Brokers, specially small ones like us have lots to prove to gain trust of our users. The business is challenging and almost everyone has made changes to their pricing by introducing newer pricing and/or hiking charges. We too have enough pressure to do that, however we have resisted that a lot and kept the same.
We have seen similar posts earlier on our forums as well, many of them via anonymous ids and accounts with no history of trading or even from IPs which were similar.
What’s more important is that we do things in line with the regulations - we do early-payin and as a result we do not have your securities when you sell. They are moved out of your demat account so we can give you sell value for immediate trading & investing. Demat is underlying with depository (CDSL) in this case, and all the processes mentioned here are standard operating procedures that broker gets audited for.
Ok i have understood what you are trying to explain but even i sometimes do multiple sell transactions on the same stock in different orders in the same day but i have never been charged more than 14.76 rs as dp charges till now
also is there any option to disable immediate credit for sale in dhan so that dp charges are charged only once?
Top brokers charge per stock once in a day irrespective of the number of transactions for the same stock that happens in a day.