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What is a DP charge and do full-service brokers charge more?

A DP (Depository Participant) charge is levied per scrip when you sell delivery shares from your demat account. ICICI Direct charges 0.04% (min ₹30, max ₹25,000) per debit instruction — which can be higher than discount brokers for large trades. Compare this to Zerodha (₹15.34 + GST flat per scrip per day) and Dhan (₹12.50 + GST). Always factor in DP charges when calculating total cost of trading with any broker.


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