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 Membership Fee and Deposit Structure
 
Applicants accepted for admission will be required to pay the following fees/ deposits and also maintain a Net-worth as given below: .

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 Goods and Service Tax @18%, on Fees Amount (1+2+3) 225,900 225,900 63,900 18,000
7 Total Fees (5+6) 5,480,900 3,980,900 418,900 1,18,000


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 Goods and Service Tax @18%, on Fees Amount (1+2+3) 1,35,900 1,35,900 54,900 3,600
7 Total Fees (5+6) 1,090,900 1,090,900 359,900 23,600


* Goods and Service Tax is revised @18.00% from 01st July 2017.

**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