BSE hikes transaction fees on equity trading

Stock exchange, BSE has decided to revise the transaction charges for trading in equities from August 1. 

According to BSE's regulatory filing, the exchange will charge transaction fees of Rs 1.5 per trade for trade volumes of up to one lakh. Presently, the fees for trade of upto Rs 5 lakh was Re 1 per trade. 

Now, the exchange has introduced new slab based structure for for levy of transaction fees for securities traded under group A, B and other non-exclusive scrips.

However, under this new structure, the transaction charges will be in the range of Rs 0.50-Rs 1.5 per trade.

"Trading members may note that with effect from August 1, 2017 only the slab-wise rates for transaction charges on per trade basis for Group A, B and other non-exclusive scrips shall be revised," BSE said in the filing. 

From April 1, 2017, BSE was charging transactions fees ranging from Re 1 per trade to Rs 0.30 depending on the slabs.