DPC charges

A

aarohi

Member
#1
#1
My Dmat a/c in IIFL has DPC rate of 24 %.
Is it same for every body or diff for diff brokers.
A;so, it is annual and calcualted on what?
 
S

shajans

Member
#2
#2
aarohi said:
My Dmat a/c in IIFL has DPC rate of 24 %.
Is it same for every body or diff for diff brokers.
A;so, it is annual and calcualted on what?
Click to expand...
Hi,

DPC is "Delay Pay Charges." It has nothing to do with your Dmat a/c. It is charged @ 24% on the shortage in your trading account going in minus balance.

If you are careful with your ledger daily balance, then this charge will not appear.

The ledger balance that you are able to see is not the real ledger that they follow. For example, you sell equity worth 50,000, the balance in your ledger is updated on the same day, but in the real ledger the same is credited on T+2 days. So, if you use that 50,000 either by withdrawal or buying something else on the day of T day, then 2 days DPC will be charged. You need to be aware of this aspect. I did learn the hard way.

Cheers.
 
alroyraj

alroyraj

Well-Known Member
#3
#3
shajans said:
Hi,

DPC is "Delay Pay Charges." It has nothing to do with your Dmat a/c. It is charged @ 24% on the shortage in your trading account going in minus balance.

If you are careful with your ledger daily balance, then this charge will not appear.

The ledger balance that you are able to see is not the real ledger that they follow. For example, you sell equity worth 50,000, the balance in your ledger is updated on the same day, but in the real ledger the same is credited on T+2 days. So, if you use that 50,000 either by withdrawal or buying something else on the day of T day, then 2 days DPC will be charged. You need to be aware of this aspect. I did learn the hard way.

Cheers.
Click to expand...
Most technologically equipped brokers have instant updation of projected ledger balance. Eg indiabulls even Canara Money. Maybe this is not the case with IIFL.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
N For intraday trading, what percentage of your profits do you pay as brokerage + taxes (STT + turnover charges + stamp duty etc) Risk & Money Management 0
U 21500 points in banknifty spot in 13 months, will this survive post charges and slippage Algo & Automated Trading 1
Theinvestors ICICIDirect NEO Brokerage Plan - Actual Charges Brokers & Trading Platforms 3
F Best Stock trading broker with low brokerage charges? Brokers & Trading Platforms 0
G DPC on overdraft on account of Margin Money Introductions 3

Similar threads