Depository Participant (DP) charges are fees levied by Depository Participants, which are intermediaries between investors and depositories, for holding securities in an electronic format. These charges are levied every time an investor sells shares held in a Demat account. DP charges are flat transaction fees, meaning that they are charged regardless of the quantity sold. The depositories, such as National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL), also levy DP charges. The charges are divided between the depository and the broker. The DP charges are not mentioned in the contract notes, and investors are unable to view them. The charges are credited to the Demat account within two days of buying a stock. The DP charges are applicable per day and per stock, and they are the same for all sell transactions. The charges vary depending on the broker, but they are generally in the range of INR 10 to INR 50.