02 April, Mumbai
Leading stock exchange BSE will start charging transaction fee on per trade basis from tomorrow, a move that is expected to attract a larger number of big deals. Under the new system, it will charge 1 rupee per trade for up to 5 lakh transactions in a month; 70 paise for 5-10 lakh; 60 paise for 10-20 lakh and 30 paise for over 40 lakh.
Earlier, the exchange charged a flat 275 rupees per crore on a gross turnover of 1 crore rupees. Market experts said, the move is part of BSE’s effort to increase its trading volumes and attracts more block and bulk deals. Besides, BSE would levy a flat transaction charge of 10 rupees per crore of turnover on both active and passive trades done on its currency derivative segment.