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Currency Futures and Options are standardized foreign exchange contracts which are transacted on a stock exchange. IDFC FIRST Bank is a trading and clearing member with both BSE and NSE. We are pleased to offer our Exchange Traded Currency Derivative product, for which you don’t need to open a DEMAT Account, all you need to do is Open a Savings/Current Account with us.
Regulatory Details:
Name of Stock Broker /Trading Member/Clearing Member – IDFC FIRST Bank Limited
SEBI Registration No.: INZ000036640 dated 28th March 2016
BSE Membership No.: 4069 dated 28th March 2016
NSE Membership No.: 90089 dated 10th August 2016
Features:
Transaction Platforms
Currency Pairs – USD/INR, EUR/USD, EUR/INR, GBP/USD, GBP/INR, USD/JPY, JPY/INR
Minimum Transaction Quantity – 1 Lot (1 Lot = $1000 for all currencies except JPY 1 Lot = 100,000)
Contract Maturity
Mode of Settlement – Daily MTM settlement
Exposure – Single limit of USD 100 million equivalent across all currency pairs involving INR, put together, and combined across all exchanges [Refer RBI/2017-18/134 A. P. (DIR Series) Circular No. 18 dated February 26, 2018]
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Additional Benefits:
Downloads from Form Centre (Click Here)
Forms
Policies
Inactive Account Policy – Click Here
Contact Information
For product & account opening related queries, you can reach us at:
ETCD Desk – (+91 22) 7132 5682/3
e-mail – etcd@idfcbank.com
Back Office Tel no: (+91 22) 7132 5859/5851
e-mail: etcd-ops@idfcfirstbank.com
Compliance Officer – Mr. Rahul Srivastava (+91 22) 713 26455 & e-mail – etcd@idfcbank.com
Corporate Office Address:
IDFC FIRST Bank Limited,
The Square,C-61, G Block,
Ground Floor To 8th Floor Bandra
Kurla Complex, Bandra East,
Mumbai – 400051.1
Registered Office Address:
KRM Tower, 7th Floor,
No. 1, Harrington Road, Chetpet,
Chennai - 600031
Grievance Handling
For any grievance/dispute, please contact IDFC FIRST Bank Limited at etcd-grievance@idfcfirstbank.com
If you are not satisfied with the response, please contact the exchange(s) concerned at:
BSE
e-mail: is@bseindia.com, Tele:022-22721234/33
BSE Investor Service Centre, 1st Floor, Cama Building, Dalal Street, Fort, Mumbai – 400 001
NSE
e-mail:nseiscmum@nse.co.in Tele:022-25045258-60
NSE Investor Service Cell, 6th Floor, Kohinoor City, Tower -1, Commercial - II, Kirol Road, Off. L.B.S. Marg, Kurla (W), Mumbai - 400 070
Filing complaints on SCORES - Easy & quick
For FAQs please Click Here
Disclaimer: Investment in Securities Market are subject to market risk, read all related documents carefully before investing.
"Attention Investors
.......Issued in the interest of Investors"
Attention Investors
"Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.
.......Issued in the interest of Investors"
Advisory for investors
“Attention Investors!
▪ Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
▪ Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
▪ Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: https://www.nseindia.com/invest/about-defaulter-section.
▪ Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.
▪ Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.
▪ Don't ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.
▪ Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
▪ Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.”