The National Securities Depository Limited (NSDL) on November 25, 2025, issued a circular regarding the amendment to Business Rules of NSDL w.r.t “Settlement Fees”.
The following has been stated: -
•NSDL has amended its Business Rules on Settlement Fees, effective January 01, 2026.
Participants will be charged ₹4 per debit instruction in a client’s account.
•Under the Youth Plan, no settlement fees apply for three years for new accounts opened within one year of the plan’s rollout, where the first holder is below 24 years.
•The Youth Plan will undergo a review after one year of implementation.
The detailed circular is given in the document below.
[Circular No.: NSDL/POLICY/2025/0155]
