Mumbai, May 2: The National Stock Exchange (NSE) has announced a reductionin and rationalisation of its transaction charges for the third time.The number of slabs have been reduced from six to four. Members with amonthly turnover of up to Rs 200 crore are liable to pay transaction chargeat 0.007 per cent of Rs 1 lakh trade value.Those falling in the slab of above Rs 200 crore and Rs 400 crore have to paycharges at 0.006 per cent, those between Rs 400 and Rs 800 crore at 0.005per cent and members with turnover of over Rs 800 crore have to pay at therate of 0.004 per cent.
Previously, the charges ranged from Rs 9 to Rs 4 per for Rs one lakh tradevalue with the lowest slab for members up to Rs 50 crore monthly turnoverand were in effect since December 1, 1998.
Members with upto Rs 100 crore turnover will benefit as their transactioncharge comes down from Rs 9 and Rs 8 to Rs 7. Those between Rs 200 crore toRs 400 crore category have to pay the same amount. Deputy managing directorof the exchange, Ravi Narain said that with the rise in number oftransactions, the reductions were being done to benefit the members,especially the small and medium-sized companies.
The new rates will be effective from May 1. Prior to December 1998,transaction charges were levied at a flat rate of Rs 9 per Rs one lakh valueof trade on each side (buy and sell).
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