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Old December 20th, 2017, 04:54 PM
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Default HDFC Bank Mcx

Is HDFC Bank is the leading clearing bank for Multi Commodity Exchange of India limited (MCX) , if yes then let me know about the same ?
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Old December 21st, 2017, 10:08 AM
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Default Re: HDFC Bank Mcx

IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.

Yes HDFC Bank is the leading clearing bank for Multi Commodity Exchange of India limited (MCX) along with following National Commodity & Derivatives Exchage limited (NCDEX), National Multi Commodity Exchange of India limited (NMCE), Indian Commodity Exchange limited ( ICEX), ACE Derivatives & Commodity Exchange (ACE), National Spot Exchange limited (NSEL), NCDEX Spot Exchange limited (NCDEX Spot), Indian Energy Exchange (IEX), Power Exchnage of India limited (PXIL) offering a range of products and services in the Commodity Markets Business.

HDFC Bank offer following products & services for the members of these exchanges.

1. Clearing Bank Services

2. Depository Services in NSDL & CDSL

3. Custodian Services for pledge of securities

4. Working Capital Facilities as per banks policy

5. Real time on-line access to accounts via E-net, a net-banking solution specially developed for Corporate Business segments.

6. Operation of the account on facsimile basis (with prior indemnity)

7. Cash Management Services for effective collection & disbursement of funds

8. Electronic funds transfers (clear funds) across our branches

9. Payment Gateways

10. Corporate Salary Accounts

11. Pay-orders & Drafts on HDFC Bank locations.

12. Participation in RTGS system of clearing introduced by RBI.

13. Dedicated Relationship Managers to serve you.

14.Dedicated Operations Support at Motwani Branch, Fort Mumbai.

15.Support in the evening for additional capital confirmation at Motwani Branch, Fort Mumbai
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