look news india
New Delhi. If you trade or invest in the stock market, then there is a good news for you. Actually, Central Depository Services Limited (CSDL) has announced to impose a new uniform tariff. The special thing is that there will be a system like GST in it, because instead of different taxes, only uniform tariff will be taken. This new system will be implemented from October 1. 13 crore investors of CSDL will get the benefit of this new system. Another special thing is that some exemptions will also be applicable in this new tariff structure.
What did CSDL say on uniform tariff?
The company said, “Central Depository Services (India) Limited is pleased to announce a uniform tariff for over 13 crore investors. CDSL has announced a uniform tariff of Rs 3.50/debit transaction.” This move by the depository is expected to streamline transaction costs for over 13 crore investors who depend on CDSL for their depository needs.
There will be an impact on buying and selling of shares
Actually, the transaction charge levied by depositories like CDSL is the fee charged for selling shares from a demat account. In such a situation, the revised tariff with the introduction of a uniform tariff system aims to standardize the transaction cost. Central Depository Services Limited is a central security depository. It provides the facility of keeping securities like shares, bonds in electronic form.
The discount will continue
Apart from the new tariff structure, CDSL has also announced that certain discounts will continue to apply. Specifically, female demat account holders, whether single or primary hold, will continue to get a discount of Rs 0.25 per debit transaction. Female demat account holders, whether single or primary hold, will continue to get a discount of Rs 0.25 per debit transaction.
Similarly, a discount of Rs 0.25 will also be applicable on debit transactions related to mutual fund and bond ISIN (International Securities Identification Number).