What are transaction charges and how do NSE, BSE and MCX calculate it?
Transaction charges are fees levied on trades conducted through stock exchanges. The exchanges have specified structures for these charges, which vary depending on the type of trade, such as equity, futures, or options.
Transaction charges are levied on both the buy and sell sides of the transaction. For options, they are charged on the premium.
As per the SEBI circular (WEB), exchanges are required to discontinue the slab-wise charge by 1st October 2024.
The table below summarises the transaction charges for NSE, BSE and MCX:
| Exchange | Segment | Transaction charges before 1st October 2024 | Transaction charges from 1st October 2024 |
|
NSE
|
Equity cash | 0.00322% (₹3.22 per lakh) | 0.00297% (₹2.97 per lakh) |
| Equity futures | 0.00188% (₹1.88 per lakh) | 0.00173% (₹1.73 per lakh) | |
| Equity options | 0.0495% (₹49.5 per lakh) | 0.03503% (₹35.03 per lakh) | |
| Currency futures | 0.0009% (₹0.9 per lakh) | 0.00035% (₹0.35 per lakh) | |
| Currency options | 0.035% (₹35 per lakh) | 0.0311% (₹31.1 per lakh) | |
| Commodity futures | 0.0001% (₹0.1 per lakh) | 0.0001% (₹0.1 per lakh) | |
| Commodity options | 0.001% (₹1 per lakh) | 0.001% (₹1 per lakh) | |
|
BSE
|
Equity cash | 0.00375% (₹3.75 per lakh) | 0.00375% (₹3.75 per lakh) |
| Equity futures | 0 | 0 | |
| Equity options | 0.0495% (₹49.5 per lakh) | 0.0325% (₹32.5 per lakh) | |
| Currency futures | 0.0009% (₹0.9 per lakh) | 0.00045% (₹0.45 per lakh) | |
| Currency options | 0.001% (₹1 per lakh) | 0.001% (₹1 per lakh) | |
| Sensex 50 options/ Stock options | 0.005% (₹5 per lakh) | 0.005% (₹5 per lakh) | |
|
MCX
|
Futures | 0.0026% (₹2.6 per lakh) | 0.0021% (₹2.1 per lakh) |
| Options | 0.05% (₹50 per lakh) | 0.0418% (₹41.8 per lakh) |
Did you know?
- NSE IPFT charges are levied over and above the exchange transaction fees and are applicable to all trades conducted on the NSE.
- BSE’s transaction charge of ₹3.75 per lakh applies only to groups A, B, and other non-exclusive scrips (non-exclusive scrips from Group E, F, FC, G, GC, W, T). The transaction charges for other groups can be viewed on BSE's Equity Segment Transaction Fees page.
- The Zerodha charges page lists all the charges involved in trading and investing. You can also use the brokerage calculator to calculate charges for any trade.
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