A member with rights to trade on its own account as well as on account of its clients, but has no right to clear and settle such trades itself. Membership of MSE can be taken by an Individual, Registered Partnership Firm, Corporate or Bank. In case the applicant for membership of the Exchange is a Corporate, minimum paid up capital of the Corporate should be 30 lakhs.

  • Eligibility Criteria for at least 2 Directors
    • Age - Minimum 21 years of Age
    • Education - Should be at least HSC
    • Experience - Minimum 2 years relevant experience
  • After provisional admission to membership of the Exchange, the membership has to be registered with SEBI
  • The applicant has to ensure that at least two of their users should be successfully certified for the relevant module pertaining to the respective segments wherein membership of the Exchange has been sought.
  • For fees and deposit structure please refer to the below mentioned table

In order to apply for membership to the Exchange, applicants need to submit the duly filled Membership Application Form along with the required documents and applicable fees /deposits.

Fees & Deposit Structure
Membership of Equity Capital Market / Equity Derivatives / Currency Derivatives / Debt Segment
in lakhs

Segments (ECM, EDS, CDS, Debt)

Admission Fee

Processing Fee

Any one segment 2.50 0.10
Any two segments 3.50 0.10
Any three segment 4.50 0.10
All segments 5.00 0.10

Admission and processing fee are one-time charge paid towards initiating membership of the Exchange. The fees are non-refundable and shall not be considered towards Base Minimum Capital and/or margin.

Net worth Requirements and Deposit Structure
Membership of Capital Market / F&O / Currency Derivatives / Debt Segment
in lakhs


Membership Type

Net worth Requirements

Membership Deposit

Capital Market TM 30 10#
Futures & Options TM 30 10#
Currency Derivatives TM 100 10#
Debt Segment TM 50 NIL

Membership deposit of Rs. 10 lakhs per segment will be collected in Cash only. # Payable by Member on Activation of trading