The new daily scheme, under which payouts to brokers for bringing in more retail investors would be linked to open interest volumes in a day, would become effective from September 26, the BSE said in a notice.
Earlier, this scheme was scheduled to begin from September 8.
Besides, the exchange would also revise its trading-based retail incentive scheme with effect from October 1. This revision was also earlier scheduled to take effect from September 8.
Under the daily incentive scheme, the exchange will pay investors Rs 10 per lot up to a limit of 10 lots per Unique Client Code (UCC) per day, out of its daily pool of Rs 1 lakh.
The scheme is applicable for S&P BSE Sensex Futures & Options contracts, in the near and current month contracts, it noted.
It will also apply to stock futures in the current month.
The existing retail incentive payout based on trading volumes would also undergo some changes from October, wherein changes are being made in the applicable slabs. Under this scheme, brokers' incentive payout depends on number of unique client codes trading on the BSE through them in a given month.
As of now, there are no incentive for up to 99 UCCs in a month. Following the revision, Rs 200 would be paid for 1-100 UCCs in a month. The maximum payout would remain unchanged at Rs 7.5 lakh for 7,501 and above number of UCCs in a month.
"The incentives shall be paid from pool of Rs 20 lakh and if total UCC incentive amount crosses the pool of Rs 20 lakh then incentives shall be paid on pro-rata basis," the notice noted.