GENERAL17 Sept 2026
Thin margins, high costs: why discount brokers are upset over UPI fees | Stock Market News
A new 0.02% fee on UPI payments above ₹2,000 for stock market trades starts 15 October. Brokers told Sebi this fee is many times the brokerage they earn per order. They say brokers are just pass-through entities, not merchants. It hits discount brokers on thin margins hardest, and could make UPI unviable. Check with your broker before transferring funds.
Key Statutory Highlights
- A 0.02% fee will apply to UPI transactions above ₹2,000 for the stock market, starting 15 October.
- The BSE Brokers' Forum told Sebi that this fee is many times the brokerage earned per order.
- Brokers argue they are pass-through entities, since client funds must go to clearing corporations by the end of the day.
Actionable Advice for Taxpayers / Founders:If you fund your trading account through UPI, ask your broker whether transfers above ₹2,000 will now carry a charge, and plan your payments before 15 October.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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