Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Phone Reviews
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Phone Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / BSE to implement revised transaction rates from today
  • Business

    BSE to implement revised transaction rates from today

    Anish Chakraborty
    Written by
    Anish Chakraborty
    Mail
    Last updated on Apr 03, 2017, 09:13 am
    BSE to implement revised transaction rates from today
  • BSE from today is going to have a change in its transaction fees.

    Previously, it charged a flat fee of Rs. 275 for a gross turnover of Rs. 1 crore as against Rs. 325 by the NSE.

    Now, in a bid to attract more block and big deals, it has decided to revamp its fees structure.

    Here is a look at the new structure.

  • In this article
    Trade charges levied as per the new system Weighing in on the pros and cons BSE says its moving with the times How are transaction charges usually levied? Know your stock exchange Following the money trail in India
  • Revised rates

    Trade charges levied as per the new system

    Trade charges levied as per the new system
  • The Bombay Stock Exchange will now charge Re. 1 per trade for up to 5 lakh monthly transactions.

    For 5-10 lakh monthly transactions BSE from now on will charge traders 70 paise and 60 paise for 10-20 lakh monthly transactions and so on.

    The lowest rate is 30 paise for over 40 lakh monthly transactions.

  • Good and Bad

    Weighing in on the pros and cons

    Weighing in on the pros and cons
  • BSE would also levy a flat transaction charge of Rs. 10 per crore of turnover on both active and passive trades done on its currency derivative segment.

    Since the trading costs are going to go up significantly following the new rates, many traders, jobbers, small traders and arbitrageurs might get hit badly and choose to shift to NSE, analysts opined.

  • Keeping tabs

    BSE says its moving with the times

    BSE says its moving with the times
  • According to one BSE spokesperson this new revised transaction fees at the stock exchange are "in line with best-in-class practices in world markets".

    The spokesperson also said that the stock exchange will observe the effect of the new system for a limited time period and fine-tune it according to the feedback of the market "to make it attractive to all section of participants."

  • Rules

    How are transaction charges usually levied?

    How are transaction charges usually levied?
  • Transaction charge is basically the combined amount of exchange turnover charges plus clearing charges.

    Most brokers prefer to be 'Trading Member' and clear trades through either a trading and clearing or a professional clearing member in exchange of paying the clearing charge.

    At BSE the turnover fee is charged by the type of order i.e. either passive or active orders.

  • FYI

    Know your stock exchange

    Know your stock exchange
  • BSE and NSE are the top securities exchange of India, where BSE is the oldest while NSE is the youngest one.

    BSE enlists 5650 companies, the highest in the world, while globally ranked at 11th position; NSE has only 1740 listed companies as of 2015.

    The total market capitalization stands at around Rs. 1.68 trillion for BSE and around Rs. 1.5 trillion for NSE.

  • Data

    Following the money trail in India

  • In India, out of 22124.14 INR billion household savings, only 2% goes as investment into equities. People in India are more inclined to invest their money in gold, banks and in real estate.

  • India
  • Bombay Stock Exchange
  • National Stock Exchange
  •  
Latest News
  • Apple's 'Spring Loaded' event confirmed for April 20
    Apple's 'Spring Loaded' event confirmed for April 20
    Business
  • Rahul takes swipe at Centre over fast-tracking approval for vaccines
    Rahul takes swipe at Centre over fast-tracking approval for vaccines
    Politics
  • IPL 2021, RR vs DC: Here is the statistical preview
    IPL 2021, RR vs DC: Here is the statistical preview
    Sports
  • Ahead of launch, Moto G20's renders, specifications leaked; prices tipped
    Ahead of launch, Moto G20's renders, specifications leaked; prices tipped
    Science
  • Repeat of 2020? Thousands reach railway station to leave Mumbai
    Repeat of 2020? Thousands reach railway station to leave Mumbai
    India
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Reliance Jio OPPO Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Microsoft Indian Premier League Samsung Virat Kohli
Rohit Sharma Cricket News YouTube Hollywood News WhatsApp Bollywood News Mamata Banerjee ISRO Yoga Honda
Batman Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Apple Royal Challengers Bangalore Toyota
Fashion Tips Ben Stokes Mercedes Sidharth Malhotra Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics
Avengers Neha Kakkar Big Bang Theory Chelsea
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021