NSE and BSE are revising their transaction fees to comply with the Sebi circular
The stock exchanges National Stock Exchange (NSE) and BSE on Friday revised their rates for various market segments to bring them in line with the truthful circular issued by the Securities and Exchange Board of India (Sebi), which prescribes uniform fees irrespective of turnover . Until now, the exchanges charged slab-wise fees based on the turnover generated by stockbrokers.
The new rates will apply from October 1.
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NSE has revised money market charges to Rs 2.97 per side per lakh traded value. For stock futures, the exchange will charge Rs 1.73 per side per lakh of traded value, while for stock options, a fee of Rs 35.03 per side per lakh of premium value will be charged.
All Sensex and Bankex options will have transaction charges of Rs 3,250 per crore premium turnover value, while equity options and Sensex 50 options will have transaction charges of Rs 500 per crore premium turnover value, BSE said in a circular. However, the same applies to index futures and stock futures on BSE.
Fees in the currency futures and options segments have also been revised by both exchanges.
Other market infrastructure institutions (MIIs), such as Central Depository Services and Multi-Commodity Exchange (MCX), have also revised their rates as per the Sebi mandate.
“It (Sebi Circular) also stipulates that the MII charges to be recovered by the trading members from the end customers should be correct on the label, with the amount recovered from the end customers being the same as the amount recovered by the trading partners are paid. members of the MIIs,” NSE said in the circular.
First publication: September 27, 2024 | 9:17 pm IST