BSE, NSE roll out revised transaction fees starting October 1

The revised charges will be effective from October 1, 2024.

The Bombay Stock Exchange (BSE) revised its transaction charges for Currency Future Contracts and Sensex and Bankex Options in the derivatives segment. Starting October 1, 2024, the new fee will be Rs 3,250 per crore of premium turnover.

The transaction charges for other contracts in the equity derivatives segment remain unchanged. For Sensex 50 and stock options, BSE levies a fee of Rs 500 per crore of premium turnover, while there is no charge for index and stock futures.

Similarly, the National Stock Exchange (NSE) introduced updated transaction charges across several segments. In the cash market, the fee is Rs 2.97 per lakh of traded value on each side.

For equity futures, the fee is Rs 1.73 per lakh of traded value on each side. Equity options will have a transaction fee of Rs 35.03 per lakh of premium value on both sides. In currency futures, the charge will be Rs 0.35 per lakh of traded value, while currency options and interest rate options will see a fee of Rs 31.10 per lakh of premium value on both sides.

These changes come after a Securities and Exchange Board of India (Sebi) circular issued on July 1, 2024, instructing Market Infrastructure Institutions (MIIs) to implement a uniform and equal fee structure for all members, replacing the volume-based slab system.

Additionally, Sebi mandated that the fees collected by trading members from their clients must be "True to Label," ensuring the exact amount paid to MIIs matches the amount collected from clients. This directive aims to standardise the fee structures, eliminating any size or activity-based advantages among members while enhancing transparency for clients.