Short answer

DP charges apply to BTST trades because iRage now credits and debits shares directly from your demat account, rather than using the broker’s pool account as before.

How BTST settlement works now

When you execute BTST trades, iRage moves shares in and out of your personal demat account. Since shares leave your demat account when you sell, you incur DP charges of ₹13 + 18% GST per stock per day, regardless of quantity sold.

Reduced charges for women account holders: If you are the primary (first) holder and a woman, you pay reduced DP charges of ₹12.75 + 18% GST.

Benefits of the new settlement process

Corporate actions: You receive bonuses and stock splits directly in your demat account instead of iRage allocating them from our pool account to you.

Dividend payments: Dividend companies credit payments directly to your bank account. When companies deduct TDS on dividends, they file against your PAN rather than iRage’s PAN. This means dividend TDS appears directly in your tax credit statement (Form 26AS) without requiring a transfer from the broker’s records.

Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name Arrow. Registered office: Gift City, Gandhinagar.