In a move that would benefit retail investors, the National Stock Exchange today said the transaction charges would be lower by about 10 per cent in cash and derivatives segments but would levy system abuse charges in the Futures & Options category from October 1.
The transaction charges in cash segment will be on a slab basis of between Rs 3 and Rs 3.25 per Rs 1 lakh from October 1 from Rs 3.5 per per Rs 1 lakh charged at present, NSE said in circular. In the Future & Options segment, the transaction charges will now be in range of Rs 1.75 to Rs 1.90 per Rs 1 lakh, while at present NSE charges Rs two per Rs 1 lakh.
“In order to prevent system abuse and to ensure fair usage of the system by all members it is being decided to levy a charge to deter system abuse in the Future & Options segment,” the NSE added.