MCX raises transaction charges for agri and non-agri commodities

The new charges will be effective from October 1

Multi commodities exchange has increased transaction charges for agri and non agri commodities effective 1 October this year. The charges for non agri commodities were last revised in February 2014. For non agri commodities for daily average turnover upto Rs 350 crore charges have been raised from Rs 2.10 per Rs. One lakh of turn over to Rs 2.60 and for incremental turnover above Rs 350 crore it has been revised from Rs 1.40 to Rs.1.75.

According to circular issued today by the exchange, for non agri commodities, transaction charges have been made equal and only one slab of Rs 1.75 has been fixed. Earlier for turnover upto Rs 20 crore charges were Rs 0.75 and on incremental turnover above Rs 20 core charges were Rs 0.50.

In another circular MCX has removed various charges and fees that is being levied to the Members of the Exchange. This is also coming in force from October 1.