Business News: The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have revised their transaction charges, effective Tuesday, October 1, 2024. NSE introduced new charges for both its cash and derivatives segments, while BSE announced changes for Sensex and Bankex options contracts within the equity derivatives segment.

In the cash market, NSE will now impose a transaction fee of ₹2.97 per lakh of traded value, applicable to both sides of the transaction. For equity futures, the fee will be ₹1.73 per lakh of traded value on each side. In the case of equity options, the charge will be ₹35.03 per lakh of premium value on each side.

For NSE currency futures, the fee is set at ₹0.35 per lakh of traded value, while for currency options and interest rate options, the charge will be ₹31.10 per lakh of premium value.

BSE has revised the transaction fee for Sensex and Bankex options contracts to ₹3,250 per crore of premium turnover value. However, no changes have been made for other contracts within the equity derivatives segment. For Sensex 50 and stock options, BSE will continue to charge ₹500 per crore of premium turnover value, with no transaction fee for index and stock futures.

These changes follow a Securities and Exchange Board of India (SEBI) circular issued on July 1, 2024, which mandates that Market Infrastructure Institutions (MIIs) adopt a uniform charge structure for all members, replacing the previous slab-based system that varied by trading volume. The circular also instructed that fees passed on to clients by trading members must reflect the actual charges paid to MIIs, ensuring transparency and consistency.