As all Participants are aware, NSDL’s common internet facility called IDeAS facilitates investors to view latest balances and transactions in their depository accounts. SPEED-e facilitates Users (Beneficial Owners and Clearing Members) to submit delivery instructions on the internet. SPEED-e facilitates Participants to eliminate paper [Delivery Instruction Slips (DIS)] resulting in reduction in cost of storage and processing of DIS and the risk involved in verifying specimen signatures of account holders at the time of processing DIS.
NSDL is pleased to announce reduction in the fees for IDeAS and SPEED-e facilities with effect from April 1, 2009 as follows:
|
Particulars |
Existing Fees |
Revised Fees |
| IDeAS | ||
| User Fee |
Rs.10 per quarter |
Nil |
| SPEED-e | ||
| Admission Fee |
Rs. 6,00,000 |
Rs.2,00,000 |
| Annual Fee |
Rs.1,00,000 for main DPM set-up and Rs. 50,000 for every additional DPM set-up subject to a maximum of Rs 3,00,000. |
Rs.25,000 irrespective of number of DPM set-ups |
The revised fee structure and features of IDeAS and SPEED-e facilities are enclosed at Annexure I and Annexure II respectively.
For further information / clarification, Participants are requested to contact Mr. Sandeep Kumar Tel : (022) 2499 4361 (email : sandeepk@nsdl.co.in) / Mr. Rahul Gupta Tel : (022) 2499 4372 (email : rahulg@nsdl.co.in) / Mr. Narayan Venkat Tel : (022) 2499 4479 (email : narayanv@nsdl.co.in).
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