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Stock Market Transaction Charges: If you also frequently invest in the stock market, then this news is useful for you. Yes, the country's major stock exchanges BSE and NSE have changed their transaction charges for cash and future option deals. The move comes after SEBI mandated a uniform fee structure for all members of market infrastructure entities, including stock exchanges. In separate circulars issued by the stock exchanges, it was said that the changed rates will be applicable from October 1.
Changes made after SEBI notification
BSE has revised the transaction charges for Sensex and Bankex options contracts in the equity futures and options category to Rs 3,250 per crore of premium turnover. However, there has been no change in transaction charges for other contracts in the equity futures and options category. SEBI had issued a notification regarding fees of Market Infrastructure Institutions (MIIs) in July. It said MII should have a uniform fee structure for all members, replacing the existing volume-based system of trading.
Uniform transaction fee imposed for cash market segment
NSE has now imposed a uniform transaction charge for the cash market segment. Now for every Rs 1 lakh traded, a fee of Rs 2.97 will be charged from both sides. Earlier the stock exchange was charging Rs 2.97-3.22 per side for different slabs of total value traded in a month in the cash segment. NSE has revised the charges in the equity futures segment. Now Rs 1.73 will be charged from both sides on trade value of Rs 1 lakh.
For equity options, there will be a transaction charge of Rs 35.03 per lakh premium price on each side. The revised transaction charges for currency futures 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 per crore of premium turnover value will be levied. Earlier, transaction fees ranged 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.