From April 1, NSE will reduce transaction fees for cash and derivatives by 1%

The transaction fees for trading on the National Stock Exchange (NSE) in the cash and derivatives divisions would be reduced by 1%.

The transaction fee is 0.00325 percent in the cash or equities delivery sector and 0.0019 percent in the derivatives section. This step is expected to have an approximate Rs 130 crore yearly effect on the company’s transaction fee revenue. Additionally, NSE has made the decision to leave non-core industries like technology and education.

It said that the fee decrease would take effect on April 1, 2024.

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

The decision by NSE to lower transaction fees hurt BSE’s shares, which fell more than 4% to Rs 2,106.65 in trading today.

In March 2023, the NSE reversed a 6% increase in transaction fees for the equities, cash, and derivatives segments.