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.