Hi @amit
Yes, the DPC will be applicable on, presuming the collateral has no cash equivalent.
We have written about this in more detail here - https://community.dhan.co/t/important-update-on-margins-usage-of-broker-funds-and-interest-charges/2857
Also, we have addressed your query related to DPC on Chat support as well today. Request if you initiate another chat or write us at help@dhan.co for specific query.