India stock exchanges BSE and NSE have increased transaction charges on various market-related instruments. These new transaction fees will come into effect from October 1, 2024. The changes are made in instruments like Cash Market, Equity Futures, Equity Options, Currency Futures, Currency Options and much more.
NSE Transaction Charges:
NSE will levy the following charges from the start of next month:
- Cash Market: Rs. 2.97 each side per lakh of traded value
- Equity Futures: Rs. 1.73 each side per lakh of traded value
- Equity Options: Rs. 35.03 each side per lakh of premium value
- Currency Futures: Rs. 0.35 each side per lakh of traded value
- Currency Options and Interest Rate Options: Rs. 31.10 each side per lakh of premium value
In its circular, NSE said, "The above revision in transaction charges will be applicable with effect from October 1, 2024."
BSE Transaction Charges:
BSE has changed the transaction fee to Rs 3,250 per crore of premium turnover on options of Sensex and BANKEX. BSE also introduced an additional slab where it levies Rs 500 per crore of premium value on traders with Rs 3 crore turnover.
Rest of other charges are similar to those of NSE.
The latest revision by NSE and BSE on transaction charges comes after Sebi's circular dated July 2024, about Charges levied by Market Infrastructure Institutions (MIIs).
With effect from July 1, Sebi guidelines directed MIIs that the charge structure of the MII should be uniform and equal for all its members instead of the current slab-wise structure which is dependent on the volume of the trading members.
Further, the guidelines also direct that the MII charges which are to be recovered by the trading members from the end client should be True to Label where the amount recovered from end clients is the same as the amount paid by the trading members to the MIIs.
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