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 Membership Fee and Deposit Structure
 
Applicants accepted for admission will be required to pay the following fees/ deposits.

For Physical & REC Combine (in Rs. )
Sr No Fees Structure TCM TSCM AM Client (***)
1 Processing Fees 5,000 5,000 5,000 -
2 One Time Fees 1,000,000 1,000,000 250,000 -
3 Annual Fees 250,000 250,000 100,000 1,00,000
4 IFSD 4,000,000 2,500,000 - -
5 Total Amount (1+2+3+4) 5,255,000 3,755,000 355,000 1,00,000
6 Service Tax* @14%, SBC# @ 0.50% & KKC## @ 0.50% on Fees Amount (1+2+3) 188,250 188,250 53,250 15,000
7 Total Fees (5+6) 5,443,250 3,943,250 408,250 1,15,000


For REC Only (in Rs. )
Sr No Fees Structure TCM TSCM AM Client (***) 
1 Processing Fees 5,000 5,000 5,000 -
2 One Time Fees 650,000 650,000 250,000 -
3 Annual Fees 100,000 100,000 50,000 20,000
4 IFSD 200,000 200,000 - -
5 Total Amount (1+2+3+4) 955,000 955,000 305,000 20,000
6 Service Tax* @14%, SBC# @ 0.50% & KKC## @ 0.50% on Fees Amount (1+2+3) 1,13,250 1,13,250 45,750 3,000
7 Total Fees (5+6) 1,068,250 1,068,250 350,750 23,000


* Service Tax is revised @14.00% from 01st June 2015 as per Gazette Notification No 14/2015 dated 19th May 2015.

# Swacha Bharat Cess (SBC) @ 0.50% from 15th November 2015 as per Service Tax Notification No. 21/2015 & No 22/2015 dated 06th November 2015.

## Krishi Kalyan Cess (KKC) @ 0.50% from 1st June 2016 as per Service Tax Notification No. 31/2016 dated 26th May 2016.

**Networth requirement shall not be applicable for applicants, applying only for REC, who have been granted ‘Certificate of Accreditation’ by designate agencies as stipulated in the CERC notification No. L-1/12/2010-CERC, dated: 14th, January, 2010.

***As per Circular 116, dated 21st August 2013, Membership fees for clients of Trading and Clearing Member (TCM), and Clients of AM's applicable for Existing as well as New Eligible Clients in REC Segments per unit.

Apart from the processing fee of Rs. 5000/-, an amount of Rs. 1,00,000/-(Rs. One Lakh) would be payable along with the application for TCM or TSCM or AM, which would be adjusted against one time fee/ annual fee on successful grant of membership. In the event that the membership is not approved, the sum of Rs. 1,00,000/- (Rs. One Lakh) would be refunded to the applicant.

All balance fees including Interest Free Security Deposit (IFSD) has to be given at the time of approval of membership. Click here to download the above fee structure.
Type of Membership
TCM Trading cum Clearing Member
TSCM Trading cum Self Clearing Member
AM Advisory Member