The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have announced an increase in transaction charges for certain segments, effective 1 October. The move follows a directive from the Securities and Exchange Board of India (SEBI) aimed at standardising fees across market infrastructure institutions.
On the BSE, the transaction charge for Sensex and Bankex options contracts will rise to ₹3,250 per crore of premium turnover, while charges for other equity derivatives, such as Sensex Fifty and stock options, will remain unchanged at ₹500 per crore.
Meanwhile, the NSE has also revised its fee structure. From 1 October, a charge of ₹2.97 per lakh of trade value will apply on both sides of the cash segment. For equity futures, the fee will be ₹1.73 per lakh of trade value, while equity options will incur a fee of ₹35.03 per lakh of premium turnover on both sides. Currency futures will see a charge of ₹0.35 per lakh, and currency and interest rate options will be subject to a fee of ₹31.10 per lakh of premium value.
The changes are part of SEBI’s July mandate for a uniform fee structure across all members. Previously, exchanges charged fees on a slab basis based on trading volumes, creating disparities among participants. The new structure aims to ensure transparency and fairness in charges passed on to end clients.
Earlier this week, the Multi Commodity Exchange of India Ltd. (MCX) also announced fee revisions. Starting 1 October, MCX will charge ₹2.1 per lakh of turnover for futures contracts and ₹41.8 per lakh of premium turnover for options contracts.
The SEBI directive includes a "true to label" policy, ensuring that fees charged to clients accurately reflect costs incurred by trading members, promoting greater transparency in the market.
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