Kathmandu. There has been intense protest after investors had to pay double fee for buying and selling shares. When buying and selling shares, there is a provision of buying and selling and low payment through electronic means. Investors are paying an IPS charge of Rs 2 to Rs 15 for the purchase of shares through Connect IPS of Nepal Clearing House Limited (NCHL) and for the amount due after selling the shares. This means that investors are being doubly burdened in the name of payment transfer fee when buying and selling shares.

Recently, more than 500,000 investors have been active in the secondary market and the average number of shares traded daily is around 80,000. With a turnover of billions, all investors seem to be forced to pay a double fee. Investors have complained that NCHL's IPS charges are hurting investors who are tired of paying various fees under various headings.

The DP fee of Rs 25 charged by CDS for every transaction along with expensive broker commission is known as the most expensive fee in the world. However, the Securities and Exchange Board has not shown any interest in this. Although it is said that the association is taking initiative to reduce the IPS charge, no progress has been made for a long time. Stating that the double charge levied on investors in NCHL's IPS fee would be invalid, Nayan Bastola, general secretary of the pressure group, said that the fee should be one-sided due to the large number of transactions.