Depository Fee Calculator
for issuer companies
Work out what your company pays NSDL to admit its securities: the one time joining fee, the annual custody fee for your capital slab, the proportionate charge for the year of admission, GST, and the refundable security deposit.
NSDL issuer fee calculator
Issuer admission fees and security deposit
National Securities Depository Limited, unlisted companies
₹5 crore
6 months of custody billed on admission.
Above ₹2.5 crore and up to ₹5 crore
| Details | Amount | GST at 18% | Total |
|---|---|---|---|
| Joining fees | ₹15,000 | ₹2,700 | ₹17,700 |
| Proportionate annual custody fee for 6 months | ₹4,500 | ₹810 | ₹5,310 |
| Total fees | ₹19,500 | ₹3,510 | ₹23,010 |
| Security deposit, refundable | Two years of custody fee, inclusive of GST | ₹21,240 | |
| Total amount payable to NSDL | ₹44,250 | ||
An estimate based on the NSDL issuer fee schedule for unlisted companies. The demand actually raised is determined by NSDL. CDSL charges separately under its own schedule. Not legal or tax advice.
How NSDL issuer fees are calculated
When an unlisted company dematerialises its securities it becomes an issuer on the depository, and the depository charges it directly rather than charging the shareholders. There are three heads, and only one of them recurs.
Find the custody slab
The annual custody fee is set by the nominal value of the securities admitted, which for an equity issuer is the paid-up equity share capital. Five slabs run from ₹5,000 to ₹75,000 a year.
Charge only the remaining months
Custody is billed for the year ending 31 March. A company admitted in August pays for the seven months from September, not for twelve. The joining fee of ₹15,000 is charged in full, once.
Add GST and the deposit
GST at 18% applies to both fee heads. An unlisted company also lodges a refundable security deposit of two years of custody fee grossed up by GST. No TDS is deducted on the deposit.
The arithmetic, in full
For a company with ₹5 crore of paid-up capital admitted in September: the slab gives an annual custody fee of ₹9,000. Divided by twelve and multiplied by the 6 remaining months, that is ₹4,500. Add the ₹15,000 joining fee for ₹19,500 of fees, then 18% GST of ₹3,510, giving ₹23,010. The security deposit is ₹9,000 times two, grossed up by GST, which is ₹21,240. Total payable: ₹44,250.
NSDL annual custody fee slabs
Charged every year on the nominal value of securities admitted, exclusive of GST. The first slab is available only to issuers of unlisted shares.
| Nominal value of securities admitted | Annual custody fee | With GST at 18% | Security deposit |
|---|---|---|---|
| Up to ₹2.5 crore | ₹5,000 | ₹5,900 | ₹11,800 |
| Above ₹2.5 crore and up to ₹5 croreYour slab | ₹9,000 | ₹10,620 | ₹21,240 |
| Above ₹5 crore and up to ₹10 crore | ₹22,500 | ₹26,550 | ₹53,100 |
| Above ₹10 crore and up to ₹20 crore | ₹45,000 | ₹53,100 | ₹1,06,200 |
| Above ₹20 crore | ₹75,000 | ₹88,500 | ₹1,77,000 |
Joining fee: ₹15,000 one time, plus GST. Security deposit is refundable and applies to unlisted companies.
Frequently asked questions
Three heads. A one time joining fee of ₹15,000, an annual custody fee set by a slab on the nominal value of the securities admitted, and a refundable security deposit equal to two years of that custody fee. GST at 18% applies to the fees. In the year of admission the custody fee is charged only for the months remaining to 31 March, not for a full year.
By the nominal value of the securities admitted, which for an equity issuer is the paid-up equity share capital. Up to ₹2.5 crore the fee is ₹5,000; above that and up to ₹5 crore it is ₹9,000; up to ₹10 crore it is ₹22,500; up to ₹20 crore it is ₹45,000; above ₹20 crore it is ₹75,000. The ₹5,000 slab is available only to issuers of unlisted shares.
NSDL bills custody for the year ending 31 March. A company admitted part way through that year pays only for the months that remain, counted from the month after admission. A company admitted in August pays for seven months, September through March. A company admitted in March pays nothing until the next billing year begins.
Yes. The security deposit applies to unlisted companies, equals two years of the annual custody fee grossed up by GST, and is returned when the issuer ceases to use the depository and all dues are settled. TDS is not deductible on the security deposit because it is not an expense.
The deposit is collected as two years of the custody fee increased by 18%. It is shown as a single inclusive figure on the NSDL demand and no separate GST line is raised against it. TDS is not deducted on it.
CDSL publishes its own issuer fee schedule and the amounts differ. This calculator covers the NSDL schedule for unlisted companies. Most issuers admit their securities with both depositories, so budget for a second, separate demand from CDSL.
The joining fee and the security deposit are one time. The annual custody fee recurs every year, billed in full for each subsequent year on the same slab, plus GST. If the paid-up capital grows past a slab boundary the fee moves to the higher slab.
An ISIN. The company appoints a SEBI registered Registrar and Share Transfer Agent, executes the tripartite agreement between the company, the RTA and NSDL, and files the admission application. NSDL raises the demand for joining fee, proportionate custody fee and security deposit once the application is accepted.
Getting your ISIN and admitting your securities
These fees fall due once the depository accepts your admission application. Before that your company needs a SEBI registered Registrar and Share Transfer Agent, a tripartite agreement and an ISIN. NextGen Share Registry handles all of it.
SEBI registered RTA, registration number INR000004422