Broker commission declined by 33 percent in Nepal

Dec Fri 2020 10:09:59

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Broker commission declined by 33 percent in Nepal

Nepal Securities Board has reduced broker commission. The board has reduced broker commission by 33 percent, sources said. Details about this are yet to come. According to an official of the Securities and Exchange Board, the commission of all three parties including the Board, Nepal Stock Exchange and stock brokers has decreased.

Earlier, investors had protested on the board demanding reduction of broker commission. Investors had been demanding a broker commission of 0.25 percent.

Now investors have invested Rs. Zero point 40 percent, up to Rs. 50 thousand and above Rs. In transactions up to Rs. 500,000, zero point 37 percent, Rs. 5 lakhs above Rs. Zero point 34 percent in transactions up to Rs. 2 million, Rs. 2 million above Rs. In transactions up to Rs. 10 million, zero point 30 percent and Rs. The broker commission has been set at zero point 27 percent for transactions above Rs 10 million.