In a statement on Friday, the bourse said its board of directors, at their meeting on Thursday, decided to roll back the increase of 6 per cent in transaction charges.
The National Stock Exchange has decided to roll back the 6 per cent hike in transaction charges in the cash equities market and equity derivatives segments from April 1. The higher charges were introduced from January 1, 2021, to partly augment NSE Investor Protection Fund Trust (NSE IPFT) corpus in view of certain market exigencies due to broker defaults at that point in time.
Read More: Hindenburg Research claims Jack Dorsey’s payments firm Block overstated user counts
In a statement on Friday, the bourse said its board of directors, at their meeting on Thursday, decided to roll back the increase of 6 per cent in transaction charges.
With the objective to systematically augment the corpus of NSE IPFT, the exchange would also recalibrate the contribution to NSE IPFT from Rs 0.01 per crore to Rs 10 per crore in the cash equities market and equity futures segments and Rs 0.01 per crore to Rs 50 per crore in equity options segment.
Read More: IT Shares Gain Post Accenture Q2 Results; Here Are Analysts’ Preferred IT Stock Picks
“This above reduction in transaction charges partially offset by the recalibration of contribution to NSE IPFT will lead to effective reduction impact on overall transaction charges by around 4 per cent,” the statement said.
