NSE-BSE: SEBI had issued a notification regarding the fees of market infrastructure institutions (MII) in July. It said that MII should have a uniform fee structure for all members.
Stock Market Transaction Charges: If you also invest in the stock market often, then this news is of use to you. Yes, the country’s leading stock markets BSE and NSE have changed their transaction charges for cash and future option deals. This step has been taken after SEBI made a uniform fee structure mandatory for all members of institutions related to market infrastructure including the stock market. In different circulars issued by the stock markets, it was said that the changed rates will be applicable from October 1.
Changes made after SEBI’s notification
BSE has changed the transaction fee for Sensex and Bankex option contracts in the equity future and option category to Rs 3,250 per crore premium turnover. However, there has been no change in the transaction fee for other contracts in the equity futures and options category. SEBI had issued a notification regarding the fees of market infrastructure institutions (MIIs) in July. It said that MIIs should have a uniform fee structure for all members, which will replace the existing volume-based system of trading.
Uniform transaction charge imposed for cash market segment
NSE has now imposed a uniform transaction charge for the cash market segment. Now a fee of Rs 2.97 will be charged on both sides for every lakh rupees traded. Earlier, the stock exchange was charging Rs 2.97-3.22 per side for different slabs of the total value of trading in a month in the cash segment. NSE has revised the charge in the equity futures segment. Now, a charge of Rs 1.73 will be levied on both sides per lakh trade value.
For equity options, the transaction charge will be Rs 35.03 per lakh premium value on each side. Currency futures revised transaction charge will be Rs 0.35 per lakh trade value on one side. BSE has revised the transaction charges for Sensex options and Bankex options. Now, a charge of Rs 3,250 will be levied per crore of premium turnover value. Earlier, the transaction charges used to vary between Rs 500 per crore and Rs 4,950 per crore for incremental billable monthly turnover of Rs 3 crore to Rs 2,000 crore.
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