Big relief to the investors!! SEBON instructed brokers to reduce commission by 33% from coming Sunday

Securities Board of Nepal (SEBON) has decided to decrease the commission on buy and sale of securities in the secondary market from investors. The board has decided to decrease the commission rate by 33% which means from 0.60% - 0.40% commission, the commission has declined to 0.40% - 0.27%. The decision will come in to effect from coming Sunday i.e. from Poush 12, 2077.

The brokers are obliged to charge 0.40% up to the transaction amount of Rs. 50,000, 0.37% up to the amount greater than Rs. 50,000 but less than Rs. 500,000. Similarly, amount higher than 500,000 and less than Rs. 2,000,000 will be charged 0.34%. 0.30% will be charged to amount greater than Rs. 2,000,000 but less than Rs. 10,000,000. Finally, the amount higher than Rs. 10,000,000 will be charged 0.27%.