As per the NSE circular issue on the 29th March 2019, the government of Uttar Pradesh has hiked the stamp duty by 25 times (Upper cap remains the same).
- Old Stamp Duty Rate – 0.002% up to a maximum of Rs. 1,000 per day.
- New Stamp Duty Rate – 0.05% up to a maximum of Rs. 1,000 per day.
Please note that the following rates are applicable per contract note. Hence, if you have traded in NSE & MCX, you will be charged separately. Below is a screenshot from the circular for your reference. The new stamp duty rates will be applicable from April 2019. It is applicable across all segments.
Update: The UP govt. has reverted to the old rates as per the circular issued on 10th April 2019. We have made the necessary changes at our end to accommodate the same. Here’s a screenshot for your reference: