NSE and BSE Revise Transaction Fees

On 27th September, the Indian Stock Exchanges National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) updated their market segment fees to comply with the Securities and Exchange Board of India (SEBI) true-to-label circular, which stipulates uniform fees regardless of turnover.

Up until recently, the exchanges were charging slab-wise fees that were determined by the turnover that stock brokers produce. The new fees will come into effect from 1st October, 2024.

The cash market fees has been revised by the NSE to Rs 2.97 per side per lakh of traded value. The exchange will charge Rs 1.73 per side per lakh of traded value for equity futures and Rs 35.03 per side per lakh of premium value for equity options.

According to a BSE circular, the transaction fee for all Sensex and Bankex options would be Rs 3,250 per crore of premium turnover value, whilst the transaction fee for stock options and Sensex 50 options will be Rs 500 per crore of premium turnover value. However, the same won’t apply to stock or index futures at BSE.

Both the Indian exchanges have also updated the fees in the currency futures and options categories.

In accordance with the SEBI directive, several market infrastructure institutions (MIIs) have also updated their fees, including Central Depository Services and Multi-Commodity Exchange (MCX). 

Related Posts, What is Role of Securities and Exchange Board of India (SEBI) in Stock Market?