BSE Reduces Transaction Charges

The Stock Exchange, Mumbai (BSE) has taken an important decision that could be immensely valuable to the investors in equity markets. Despite continuous growth in the operational costs, BSE in its continuous endeavor to reduce the cost burden that could benefit millions of investors, has decided to bring down the transaction charges by about 15 percent. Effective October 1st 2003, the transaction charges that will include contribution to the Trade Guarantee Fund and Investor Protection Fund will be brought down to Rs.3.50 per lakh of gross turnover as against Rs. 4.15 per lakh prevailing at present.

The new tariff of the transaction charges which will come into force from October 1st 2003 will make BSE the only major stock exchange that offers trading at lowest transaction costs. This measure is particularly aimed at benefiting small and retail investors, who could gain sizeably from substantial savings in costs in their equity market transactions.

Lower transactions costs indicates the growing efficiency of BSE operations that could also induce further spurt in the secondary market trading that could help in further deepening of the Indian securities markets.

Detailed guidelines in this regard will be issued through a notice to the members soon. For any further information or assistance in this regard, please send your requirement to email:membership@bseindia.com