In a major initiative to encourage investors from the rural and semi urban areas to participate in the equity market, the National Stock Exchange (NSE) on Monday announced reduction of connectivity charges and waiver of transaction charges.
The move to reduce charges will make it more cost- effective for common investors, especially located in the semi-urban and rural areas, NSE said in a statement here.
Currently, members taking leased-line connectivity from the rural and semi-urban areas to connect to the Exchange have to pay an amount of Rs 1 lakh, annually, on a recurring basis.
http://economictimes.indiatimes.com/markets/stocks/market-news/NSE-reduces-charges-for-investors-in-rural-semi-urban-areas/articleshow/5995776.cms
Post today's announcement, the exchange has decided to waive the transaction charges pertaining to the trades generated from these leased lines to the extent of the annual leased line connectivity cost of Rs 1 lakh, it said.
This move is mainly to facilitate trading members to establish trading terminals in these semi-urban and rural areas as at a reasonable cost.
http://economictimes.indiatimes.com/
It is expected that there are around 300 leased lines in these areas which are used by members and they will benefit from this. Also, it is expected to benefit a large number of investors in these regions.
