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From March 12, no transaction charges will apply for trading on S&P BSE 30 Stock

From March 12, no transaction charges will apply for trading on S&P BSE 30 Stock

Bombay Stock Exchange has decided to waive off transaction charges on S&P BSE Sensex 30 Stocks with effect from 12 March 2018, in order to facilitate and encourage participation of retail investors in “financially sound companies”.

According to a BSE release, “This move will help India in its growth story as the BSE will now be the most preferred exchange for transacting in S&P BSE Sensex 30 Stocks.”

Currently, BSE charges Rs 1.5 for any transaction upto Rs 1 lakh and the cost reduces gradually with the corresponding increase in volume of trade. For trade value of between Rs 1 lakh and Rs 3 lakh, the charge is Rs 1.25 per transaction. Charges fall to Re 1 for trade value of between Rs 3 lakh and Rs 5 lakh.

Traders currently pay 75 paise for any transaction between Rs 5 lakh and Rs 20 lakh and 50 paise for above Rs 20 lakh.

It is not yet known how much loss the exchange will incur due to the waiver of transaction charges.

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