Business News Desk -BSE and NSE have revised their transaction charges for cash and futures and options deals. The new rates will come into effect from October 1, stock exchanges said in separate circulars. The Securities and Exchange Board of India (SEBI) has made it mandatory for all members of market infrastructure institutions, including stock exchanges, to have a uniform fee structure.
BSE has revised the transaction charges for Sensex and Bankex options contracts in the equity derivatives segment to Rs 3,250 per crore of premium turnover. However, there has been no change in transaction charges for other contracts in the equity derivatives segment. For Sensex 50 options and stock options, BSE charges a transaction fee of Rs 500 per crore of premium turnover. There are no transaction fees applicable for index and stock futures.
NSE revised transaction charges
According to NSE, the transaction fee for the cash market will be Rs 2.97 per lakh traded value. For equity futures, this charge will be Rs 1.73 per lakh traded value, while for equity options it will be Rs 35.03 per lakh premium value. In case of futures in the currency derivatives segment, the transaction fee will be Rs 0.35 per lakh of traded value. At the same time, for other options including interest rate options, this premium value will be Rs 31.10 per lakh.
SEBI had issued a circular in July
SEBI had in July issued a circular regarding charges to be levied by Market Infrastructure Institutions (MIIs). It said MII should have a uniform fee structure for all members, replacing the existing volume based slab system. Further, the circular also clarified that the charges charged by trading members to their clients should match the charges paid by them to MII, to ensure transparency.
