NSDL launches YUP (YUva Plan)
NSDL announces its revised charge structure of ₹4.00 per debit instruction in a client’s demat account, effective from October 1, 2024. The settlement fee (which was earlier levied on a slab structure) will now be a single charge structure for all its DPs.
Aimed at the youth of India, NSDL also announces the launch of YUP (YUva Plan), where the settlement fees per debit instruction will be Zero for 36 months from the date of opening of a new demat account by individual youth below the age of 24.
Mr. S. Gopalan, Interim MD of National Securities Depository Limited (NSDL) said:
“At NSDL, we are always committed to bring innovative products and offering them at an affordable fee. Empowering the youth of India is the latest initiative whereby, we will waive-off settlement fees for three years, which I am sure will help the youth access the securities markets at an affordable cost.”
For information on the YUva Plan, please read NSDL circulars https://nsdl.co.in/downloadables/pdf/2024-0143-Policy-Amendment-to-Business-Rules-of-NSDL-w.r.t-Settlement-Fees.pdf and https://nsdl.co.in/downloadables/pdf/2024-0153-Policy-Addendum_to_NSDL_Circular_on_Amendment_to_Business_Rule_of_NSDL_w.r.t_Settlement_Fees.pdf
