BSE to revise equity transaction charges beginning September

The Bombay Stock Exchange (BSE) has decided to revise the transaction charges for trading on the equity segment, beginning September this year.

Under the revised charges, the bourse will levy a uniform transaction fee of Rs 275 per crore of the gross turnover for both active as well as passive orders on the equity segment.

"With effect from September 1, 2014, the exchange shall levy a uniform transaction charge for both active and passive sides of the transaction in equity segment," BSE said in a notification.

So far, the transaction charges stood at Rs 2.25 for every Rs 1 lakh of gross turnover for passive orders. The same has been Rs 3.25 for every Rs 1 lakh of the gross turnover for active orders.

Besides, BSE has revised the charges "for transactions in securities traded and settled in physical mode in equity segment".

For trading in the physical mode, members of BSE would have to shell out Rs 1 lakh for every one crore of gross turnover for both active and passive sides of the transaction.

Last week, BSE had had said that it would begin levying a fee for trading in the currency derivative segment from December this year.

The proposed transaction charges of the BSE - which would be Rs 2 per crore of turnover initially and would eventually rise to Rs 10 per crore by October 2015 - would still be only a small fraction of the charges levied by its rivals National Stock Exchange (NSE) and MCX Stock Exchange for currency derivatives.