CDSL announces uniform tariff of Rs 3.50 per transaction effective October 1st

Current Context: Central Depository Services (India) Limited (CDSL) has announced a uniform tariff of Rs 3.50 per debit transaction, effective from October 1, 2024.

• This move aims to streamline transaction costs for over 13 crore investors.
• Discounts
• Female Demat Account Holders:
• Rs 0.25 discount per transaction if the account is held solely or as the first holder.
• Mutual Fund and Bond ISIN Transactions:
• Rs 0.25 discount per transaction.
• Purpose and Impact
• Streamlining Costs: This uniform tariff aims to simplify and standardize transaction costs for over 13 crore investors.
• Encouraging Investments: By offering discounts, CDSL is promoting investments among female investors and in mutual funds and bonds.

Question:

1 What is the uniform tariff per debit transaction announced by CDSL effective from October 1, 2024?

• A) ₹3.00
• B) ₹3.25
• C) ₹3.50
• D) ₹3.75

Answer: C) Central Depository Services (India) Limited (CDSL) announced a uniform tariff of ₹3.50 per debit transaction, effective from October 1, 2024.