{"id":382429,"date":"2024-07-02T15:54:10","date_gmt":"2024-07-02T10:24:10","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=382429"},"modified":"2024-10-04T12:57:25","modified_gmt":"2024-10-04T07:27:25","slug":"sebis-true-to-label-circular","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/business-updates\/sebis-true-to-label-circular","title":{"rendered":"SEBI\u2019s \u201ctrue to label\u201d circular"},"content":{"rendered":"\n\n\n

Update October 1, 2024:\u00a0<\/strong>The revised Exchange Transaction Charges (ETC) and Securities Transaction Tax) come into effect from today.<\/p>\n

Equity delivery will continue to be free at Zerodha. As of now, we are not making any changes to our brokerage.<\/p>\n

For options: STT increases to 0.1% from 0.0625%, and transaction charge decreases to 0.035% from 0.0495%.<\/p>\n

This results in the cost of trades seeing a net increase of 0.02303% or Rs 2303 per crore of premium on the selling side on NSE and of 0.0205% or Rs 2050 per crore on BSE.<\/p>\n

For futures: STT increases to 0.02% from 0.0125%, and transaction charge decreases to 0.00173% from 0.00183%.<\/p>\n

This results in a net increase of 0.00735% or Rs 735 per crore of futures turnover on the selling side.<\/p>\n

You can check our brokerage calculator<\/a> to see the new charges. Comparison of old and new transaction charges is given here<\/a>.<\/p>\n

Since STT is charged on the entire contract value for futures, whereas in options, it is charged only on the premium, the impact will be much larger for futures traders.<\/p>\n

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The impact of SEBI\u2019s new transparent pricing circular on the broking industry.<\/span><\/p>\n