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Clearing Corporation of India Limited (CCIL)

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Overview

Introduced by the Reserve Bank of India and developed by the Clearing Corporation of India Ltd. (CCIL), FX-Retail is an electronic trading platform for retail banking customers to buy and sell foreign exchange. The purpose of the platform is to facilitate autonomous price discovery and transparency in dealing for Retail clients.
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This platform was launched in August 2019. Bank account holders who want to avail of this facility have to first undertake a one-time registration activity on the Fx Retail platform. Read less

FX-Retail: How to register

Follow these steps to buy or sell foreign exchange. Remember to check the limit and mark-up with your Relationship Manager before buying or selling foreign exchange on FX-Retail.

IDFC FIRST Bank FX Retail

FX-Retail is an electronic trading platform for Bank customers to buy and sell foreign exchange. Introduced by the Reserve Bank of India and developed by the Clearing Corporation of India Ltd. (CCIL), the FX-Retail platform facilitates autonomous price discovery and transparency in all dealings with customers.

Our account holders who want to avail of this facility must first undertake a simple one-time registration activity on the FX-Retail platform.

To seamlessly execute any buy or sell forex transaction, you may contact your relationship manager or walk into your nearest IDFC FIRST Bank branch. We will set up the appropriate transaction limit and mark-up defined in the FX-Retail platform for your hassle-free transaction experience.

Accessibility

  • Facilitates foreign exchange transactions for individuals (Savings Account holders), corporations, trusts, cooperative banks, foreign portfolio investors, and foreign institutional investors. Furthermore, customers can trade forex at their convenience and at their own pace. Currently, you may only place orders for USD/INR currency pairs.

Flexibility of delivery

  • The platform is linked to the FX-Clear platform, which provides access to the current SPOT rates in the interbank market. Furthermore, foreign exchange can be booked in CASH (delivery on the same day), TOM (delivery on the next forex working day) and SPOT (delivery on the second forex working day).

Fees and Charges

CCIL has a one-time registration charge for Non-Individuals. Additionally, CCIL also has monthly charges based on the turnover done on the platform for all categories. The details of these charges can be checked on the CCIL website.

IDFC FIRST Bank charges will be additional to the CCIL charges. Bank charges, markup and document handling charges will be as agreed with the client. Taxes will be over and above these charges.

For further details about the platform, please visit the CCIL website https://www.ccilindia.com

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