Fees & Deposit Structure
Sr. No |
Particulars |
Trading Member |
Trading-cum-Clearing Member |
Institutional Trading-cum-Clearing Member |
Professional Clearing Member |
1 |
Admission Fee |
Rs. 1,00,000 |
Rs. 2,00,000 |
Rs. 12,00,000 |
Rs. 10,00,000 |
2 |
Eligibility Networth |
Rs. 5,00,000 |
Rs. 40,00,000 |
Rs. 1,00,00,000 |
Rs. 2,00,00,000 |
3 |
Security Deposit(Interest Free) |
Rs. 5,00,000 (Rs. 1,25,000 Cash + Rs.3,75,000 Cash Equivalent) |
Rs. 8,00,000 (Rs. 2,00,000 Cash + Rs.6,00,000 Cash Equivalent) |
Rs. 50,00,000 upfront (Rs.12,50,000 Cash + Rs. 37,50,000 Cash Equivalent) and additional Rs.50,000/- per TM as and when affiliated |
Rs. 50,00,000 upfront (Rs.12,50,000 Cash + Rs. 37,50,000 Cash Equivalent) and additional Rs.50,000/- per TM as and when affiliated |
4 |
Processing Fee |
Rs. 2,000 |
Rs. 2,000 |
Rs. 2,000 |
Rs. 2,000 |
5 |
Annual Insurance Premium |
Rs. 2,550 |
Rs. 2,550 |
Rs. 2,550 |
Rs. 2,550 |
6 |
Annual Subscription charges |
Rs. 5,000 |
Rs. 10,000 |
Rs. 50,000 |
Rs. 50,000 |
Notes:
1. Admission Fee, Processing Fee, Annual Insurance Premium and Annual Subscription charges would attract
Service Tax as applicable.
2. Cash Equivalent means Bank Guarantees, Fixed Deposit Receipts.
3. Members opting for Algo Trading facility are required to maintain minimum security deposit of Rs. 25,00,000
or the applicable criteria whichever is higher.
4. No exposure shall be granted to members against security deposit as specified below :
Sr. No |
Particulars |
Amount Rs |
a |
Without Algo trading facility |
5,00,000 |
b |
With Algo trading facility |
25,00,000 |
5. Insurance Premium is for Brokers Indemnity Policy. Exchange has negotiated standard policy.
The premium payment is to be made in favor of The New India Assurance Co. Ltd.
6. Annual Subscription charges are payable at the commencement of every financial year.