Depository Participant on WebNotes

Depository Participant on WebNoteshttps://v2.webnotes.in/tags/depository-participant/Recent content in Depository Participant on WebNotesHugoen-INTue, 12 May 2026 00:00:00 +0000How to close a Zerodha accounthttps://v2.webnotes.in/how-to-close-zerodha-account/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-close-zerodha-account/<p>This guide explains how to permanently close a Zerodha demat and trading account, covering prerequisites, the form submission process, and what happens to any residual holdings or balance.</p> <aside class="callout callout--key" role="note"> <strong class="callout__label">Before you begin</strong> <div class="callout__body"><ul> <li>All open positions (intraday, F&O, currency, commodity) must be squared off.</li> <li>All holdings in the demat account must be sold or transferred out to another depository account.</li> <li>All funds in the trading account must be withdrawn to your linked bank account.</li> <li>Any outstanding dues (annual maintenance charges, margin shortfalls, or other fees) must be cleared.</li> <li>Ensure no active SIPs, GTT orders, basket orders, or recurring mandates are running.</li> </ul> </div> </aside> <hr> <h3 id="step-1-settle-all-open-positions-and-outstanding-dues">Step 1: Settle all open positions and outstanding dues</h3> <p>Log in to <a href="https://v2.webnotes.in/kite-zerodha/">Zerodha Kite</a> and confirm that the <strong>Positions</strong> tab shows no open intraday, futures, or options positions. Check the <strong>Console</strong> equity dashboard to verify that your MTM (mark-to-market) balance is zero or positive.</p>How to transfer shares from another broker to Zerodha (CDSL Easiest)https://v2.webnotes.in/how-to-transfer-shares-to-zerodha-easiest/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-transfer-shares-to-zerodha-easiest/<p>This guide explains how to transfer equity shares from any <a href="https://v2.webnotes.in/cdsl/">CDSL</a>-based demat account to your <a href="https://v2.webnotes.in/zerodha/">Zerodha</a> demat account using the CDSL Easiest online platform. The transfer is an off-market instruction (no stock exchange involvement) and is the standard method for moving holdings when changing brokers or consolidating demat accounts.</p> <p>Zerodha is a depository participant (DP) of <a href="https://v2.webnotes.in/cdsl/">CDSL</a>. Its BO (beneficial owner) IDs begin with the CDSL depository ID <strong>12081600</strong> followed by eight digits.</p>CDSL (Central Depository Services Limited)https://v2.webnotes.in/cdsl/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/cdsl/<p><strong>Central Depository Services (India) Limited</strong> (CDSL) is India’s second securities depository, established on 12 February 1999 under the Depositories Act, 1996, promoted principally by the <a href="https://v2.webnotes.in/bombay-stock-exchange/">Bombay Stock Exchange (BSE)</a>. CDSL holds securities in dematerialised (electronic) form on behalf of investors through a network of Depository Participants (DPs), providing custody, electronic transfer, pledge, and corporate action processing services for equity shares, bonds, government securities, mutual fund units, and other categories of securities.</p>Demat accounthttps://v2.webnotes.in/demat-account/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/demat-account/<p>A <strong>demat account</strong> (short for dematerialised account) is an electronic repository that holds an investor’s securities – shares, bonds, mutual fund units, government securities, exchange-traded funds, and sovereign gold bonds – in digital form rather than as physical certificates. In India, demat accounts are maintained by two central depositories, <a href="https://v2.webnotes.in/cdsl">CDSL</a> and <a href="https://v2.webnotes.in/nsdl">NSDL</a>, through a network of registered intermediaries called depository participants (DPs). Introduced following the Depositories Act 1996, the demat system eliminated the risks associated with physical share certificates – theft, forgery, loss in transit, and cumbersome transfer procedures – and became the foundation of modern Indian capital markets.</p>DP charges on Zerodha sell transactionshttps://v2.webnotes.in/zerodha-dp-charges/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha-dp-charges/<h2 id="overview">Overview</h2> <p>When shares held in a client’s CDSL demat account are sold on the stock exchange, the depository participant (DP) debits the securities from the account and instructs CDSL to transfer them to the clearing corporation for settlement. This debit operation triggers a depository participant charge. At <a href="https://v2.webnotes.in/zerodha/">Zerodha</a>, the DP charge is Rs 13.50 per ISIN (unique security identifier) per day, plus 18 percent GST, making the total Rs 15.93 per ISIN per day.</p>NSDL (National Securities Depository Limited)https://v2.webnotes.in/nsdl/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/nsdl/<p>The <strong>National Securities Depository Limited</strong> (NSDL) is India’s first securities depository, established on 8 November 1996 under the Depositories Act, 1996. NSDL holds securities in dematerialised (electronic) form on behalf of investors through a network of Depository Participants (DPs) and provides electronic clearing and transfer services for all major categories of securities including equity shares, bonds, debentures, government securities, units of mutual funds, exchange-traded funds (ETFs), and sovereign gold bonds.</p>Zerodha CDSL DP code (IN-DP-431-2019)https://v2.webnotes.in/zerodha-cdsl-dp-code/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha-cdsl-dp-code/<p>Zerodha Broking Limited is registered as a depository participant (DP) with <a href="https://v2.webnotes.in/cdsl/">Central Depository Services (India) Limited</a> (CDSL) under DP code <strong>IN-DP-431-2019</strong>. This registration authorises Zerodha to open and maintain dematerialised securities accounts (demat accounts) for its clients and to interface with the CDSL depository infrastructure on their behalf. The DP registration is separate from and complementary to Zerodha’s <a href="https://v2.webnotes.in/zerodha-sebi-registration/">SEBI stock broker registration (INZ000031633)</a>; the two licences together enable Zerodha to execute trades and hold the resulting securities positions for clients within a single integrated platform.</p>