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NSE discontinues advance collection of service charges from October

It would not collect in advance annual charges for applications related to connectivity and co-location

Press Trust of India  |  Mumbai 

NSE
A man walks past the NSE (National Stock Exchange) building in Mumbai (Photo: PTI)

Top stock exchange has decided to discontinue advance collection of service charges, including transaction fee related to cash market, equity derivatives as well as currency derivatives segments, from this month.

Besides, the exchange would not collect in advance annual charges for applications related to connectivity and co-location.

The move is effective for all new requests from October 2017, a circular issued by said.

The exchange has decided to discontinue advance collection of service charges "to improve member experience and based on members' feedback".

"Annual advance transaction charges shall be discontinued in cash market, and CD segments," it said.

As per the exchange, it "shall raise appropriate bills on the member at the end of each month for services consumed during that month".

However, the exchange said (IFSD) and one time charges, if any, wherever applicable would be collected in advance.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sun, October 08 2017. 15:06 IST
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