04 Jan 2023, 12:00 PM
Exchange transaction charges on Nifty Financial Services Index (FINNIFTY)
NSE introduced F&O contracts on the Nifty Financial Services Index (Finnifty) which comprises of the top banking, insurance, housing finance, NBFC, and other financial services companies. Trading in these contracts started on 11th January 2021.
The exchange had also declared that exchange transaction charges will not be charged for FINNIFTY for the first six months and went on to extend this timeline up to 31st December 2022 (circular). In line with this, an exchange transaction charge of 0.002% on Finnifty futures and 0.053% (of premium) on Finnifty options contracts will be charged from 2nd January 2023.