NSE, BSE Revise Transaction Charges Effective From 1 Oct

Leading stock exchanges, the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), have announced revisions in transaction charges for their members, including stockbrokers and depository participants. The new charges will be effective from 1 October 2024.

This move follows a directive issued by the Securities and Exchange Board of India (SEBI) in July, which asked market infrastructure institutions (MIIs) to implement a uniform and equal charge structure for all members, moving away from the previous slab-wise system based on member activity or trade volume.

Under the revised structure, the NSE will levy a uniform transaction charge of Rs 2.97 per lakh of traded value on both sides in the cash market segment. Previously, charges ranged from Rs 2.97 to Rs 3.22, depending on the total traded value in a month.

In the equity futures segment, NSE members will now be charged Rs 1.73 per lakh of traded value on each side. For equity options, the new charge is Rs 35.03 per lakh of premium value, and for currency futures, the transaction charge has been set at Rs 0.35 each side per lakh of traded value.

The BSE has also revised its charges, with the transaction fee for Sensex Options and Bankex Options now set at Rs 3,250 per crore of premium turnover value. Earlier, charges varied between Rs 500 to Rs 4,950 per crore, based on incremental monthly turnover from Rs 3 crore to Rs 2,000 crore.

These revisions aim to standardise fees across exchanges, ensuring consistency and transparency for market participants.