NSE To Cut Cash, Derivatives Transaction Charges By 1% From April 1

The National Stock Exchange (NSE) will cut the transaction charges on trades in both cash and derivatives segments by 1 per cent.

Transaction charge in the equity delivery or cash segment is 0.00325 per cent and in derivatives, it is 0.0019 per cent. This move is seen impacting company’s annual revenue from transaction charges by nearly Rs 130 crore. NSE has also decided to exit non-core businesses, including technology and education.

The reduction in charges will be effective from April 1, 2024, it said.

“The said reduction is estimated to have an overall impact of Rs 130 crore per annum on revenue from transaction charges of the company,” NSE said.

NSE’s move to reduce transaction charges weighed on BSE’s stock, which plunged more than 4 per cent to Rs 2,106.65 in trade today.

The NSE had in March 2023 rolled back 6 per cent hike in transaction charges on equity cash and derivatives segment.