On Friday, the Bombay Stock Exchange (BSE) announced a revision in transaction fees for Sensex and Bankex options contracts within the equity derivatives segment, setting the new rate at ₹3,250 per crore of premium turnover. This updated fee structure will take effect from Tuesday, October 1.
Transaction fees for other contracts in the equity derivatives segment remain unchanged. For Sensex 50 options and stock options, the transaction charge stands at ₹500 per crore of premium turnover, while no fees are applied to index and stock futures.
Similarly, the National Stock Exchange (NSE) has introduced new transaction fees across various segments. In the cash market, the charge will be ₹2.97 per lakh of traded value on each side, and in equity futures, it will be ₹1.73 per lakh of traded value. For equity options, the fee is set at ₹35.03 per lakh of premium value on both sides. Additionally, NSE currency futures will incur a charge of ₹0.35 per lakh of traded value, with currency and interest rate options subject to a fee of ₹31.10 per lakh of premium value on both sides.
These fee revisions follow a circular issued by the Securities and Exchange Board of India (Sebi) on July 1, 2024, which instructed Market Infrastructure Institutions (MIIs) to implement a uniform and equal fee structure for all members, replacing the previous volume-based slab system. Sebi also mandated that the charges collected from clients by trading members should accurately reflect the fees paid to MIIs.
Earlier this week, the Multi Commodity Exchange of India Ltd. (MCX) also revised its transaction fees, effective October 1, setting the fee for futures contracts at ₹2.1 per lakh of turnover value and for options contracts at ₹41.8 per lakh of premium turnover value.
