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Charges- Leap

Early Pay-in (EPI) charge

What is Early Pay-in (EPI) charge

EPI DP charges have been introduced for clients w.e.f. 15th April 2026 trades,

wherein charges will be applied based on first and subsequent transactions within an ISIN and settlement.

 

Brief Note: –

  1. Transaction-level EPI DP charges are applicable to clients for trades executed on or after 15th April 2026.
  2. The first EPI transaction in a given ISIN & settlement will be charged as per applicable DP Schedule of Charges (SOC).
  3. Subsequent EPI transactions in the same ISIN & settlement will be charged at actual depository charges.
  4. Illustration:

o    Scenario: 3 EPI transactions in same ISIN (ABC Ltd.) under same settlement

o    1st Transaction → ₹20/- (as per DP SOC)

o    2nd Transaction → ₹4/- (actual depository charge)

o    3rd Transaction → ₹4/- (actual depository charge)

o    Total Charges: ₹28/-

  1. For different ISINs, each ISIN will have its own first transaction charged as per DP SOC.
  2. For different settlements, the first transaction in each settlement will again attract DP SOC.
  3. The framework ensures fair charge allocation while closely aligning with actual depository cost impact.

Why are EPI DP charges applied at transaction level?

To align client charges with actual depository cost structure and ensure transparent, usage-based billing.

Why is the first transaction charged higher?

The first transaction attracts DP SOC as it includes fixed processing components levied by DP.

Why are subsequent transactions charged lower?

Subsequent transactions in the same ISIN & settlement only incur incremental depository charges.

Will charges apply separately for each ISIN?

Yes, each ISIN is treated independently for charge applicability.

What if transactions are in different settlements?

Each settlement cycle is treated separately; the first transaction in each settlement will attract DP SOC.

Are these charges applicable to all clients?

Yes, applicable uniformly for all clients opting for Transaction level EPI mechanism.

Is there any change in total cost to clients?

The structure ensures clients are charged in line with actual costs, avoiding overcharging on multiple transactions.

How can clients verify these charges?

Charges will be transparently reflected in monthly DP bill statement.

What is the key benefit of this change?

Improved transparency, fairness, and alignment with regulatory and depository charge structure.

Can clients opt out of transaction-level EPI DP charges?

Yes, clients have the option to opt out of the transaction-level EPI mechanism as per the prescribed process.

Who should be contacted for further clarification?

Wecare team can address queries and may escalate specific cases to DP Ops if required.

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