BSE, NSE to roll out new transaction fee from October 1

Transaction fee: The Bombay Stock Exchange and National Stock Exchange will implement new transaction fees as per the directives from the Securities and Exchange Board of India. The new fees come into effect from 1st October 2024.

BSE has revised its contract as well as transaction fees in terms of Currency Future Contracts and Sensex and Bankex Options in the derivatives segment. The new charge is at Rs 3,250 per crore of premium turnover. All other contracts within the equity derivatives segment, including those that remain contracted up to July 24, 2015, will incur no fee increase. To be precise, BSE would charge Rs 500 per crore of premium turnover for Sensex 50 and stock options. Index as well as stock futures, however, shall incur no fee.

It increased the charges on each trade in every market segment nearer by charging Rs 2.97 per lakh of traded value on both sides on cash. Equity futures will attract a fee at Rs 1.73 per lakh of traded value, and on equity options, the charge will be Rs 35.03 per lakh of premium value on both sides. To attract this, the currency futures segment would attract a fee of Re 0.35 per lakh of traded value, and the currency options and interest rate options would attract Rs 31.10 per lakh of premium value on both sides.

The need to have a uniform fee structure for all Market Infrastructure Institutions brought the slab system of volume-based fees with a circular dated 01 July 2024 issued by SEBI . SEBI has also made it mandatory that all fees collected by the trading members from the clients would be "True to Label", wherein the share of the amount being distributed towards Mutual Funds and Exchange-traded Funds respectively would match exactly with the amounts collected from the client. This will standardize fee structures, remove size-based advantages, and bring greater transparency for customers in the trading environment.