Clearing Banks
NSE Clearing has empanelled 15 clearing banks namely Axis Bank Ltd., Bank of India Ltd., Canara Bank Ltd., Citibank N.A., The Hongkong & Shanghai Banking Corporation Ltd., ICICI Bank Ltd., HDFC Bank Ltd., IDBI Bank Ltd., IndusInd Bank Ltd., JPMorgan Chase Bank, Kotak Mahindra Bank Ltd., Standard Chartered Bank, Union Bank of India, State Bank of India and Yes Bank.
Every Clearing Member is required to maintain and operate clearing accounts with any of the empanelled clearing banks at the designated clearing bank branches. The clearing accounts are to be used exclusively for clearing & settlement operations.
| Clearing Bank | Address | Contact Person & Numbers |
|---|---|---|
| Axis Bank Ltd. | Capital Market Division Jeevan Prakash Building Sir P.M. Road Fort Mumbai - 400 001 |
Mr. Sunil Sharma Vice President Tel: 66107250/51 Mobile: 9869663870 Fax: 66107284/85 Mr. Ketan Dani Asst. Vice President Tel: 66107269/70 Mobile: 9869574813 Mr. Sajjan Goyal Manager Tel: 66107273/7255 Mobile: 09867757077 Fax: 66107284/85 |
| Bank of India Ltd. | Stock Exchange Branch P.J.Towers Dalal Street Fort Mumbai - 400 001 |
Mr. R. S. Nair Dy. General Manager Tel: 22722400, 22721787 Mobile: 9820520744 Fax: 22721782 Mr Dhapodkar Senior Manager Tel: 22722396 Fax: 22721784/22721788 |
| Canara Bank Ltd. | NSE Branch Varma Chambers, 1st Floor 11 Homji Street Fort Mumbai - 400 001 |
Mr. Partha Sarathy Chief Manager Tel: 22693157, 22675702, 22658291 Fax: 22670033 Mr K.Y Mallya Senior Manager Tel: 22633006 Fax: 22675650 |
| Citibank N.A. | Citigroup Global Services Infinity Towers 1srt Floor, A Wing Behind Toyota Showroom Malad (W) Mumbai- 400064 |
Mr Ganesh Ramanathan Vice President Tel No:40015640 Mr. Rajarshi Chakraborty Asst Vice President Tel. No.: 40015652 Mobile: 9820753469 Mr. KVP Satish Chandra Asst Vice President Tel. No.: 40015192 Mobile: 9820787010 |
| The Hongkong & Shanghai Banking Corporation Ltd. | 52/60 M G Road Fort Mumbai - 400 001 |
Mr. Ritesh Jain Vice President Head- PCM- Payment Operations Tel: 67115841 Fax: 66536004 Mr. Shaleen Mahar Sr. Relationship Manager Non Bank Financial Institutions Tel: 22681175, 24980000 Mobile: 9820333047 Fax: 22734388 |
| ICICI Bank Ltd. | Capital Market Division Raja Bahadur Mansion, 30, Mumbai Samachar Marg, Fort, Mumbai - 400001 |
Mr. Naveen Saini Chief Manager Mobile: 9930064143 Tel: 22627717 Gopal Singh Rawat Mobile: 9930065421 Tel: 22627728 Mr. Harish Kotian Chief Manager- Operations Mobile: 9930061805 Tel: 66672085, Fax: 66672791 |
| HDFC Bank Ltd. | 2nd Floor, Trade World "A" Wing, Kamala Mills Lower Parel (W) Mumbai - 400013 |
Mr. Shailesh Sukhthankar Head - Capital & Commodity Market Business Tel: 24988484 Extn 3334 Mobile: 9323651640 Mr. Chetan A. Shah Business Head - Capital Market Business Tel: 24988484 Extn 3538 Mobile: 9322902935 Mr. Ashish Agarwal Dy Vice President-Capital Market Business Tel: 24988484 Extn 3565 Mobile: 9323469162 Fax: 022-40804711 |
| IDBI Bank Ltd. | Block no 82/83 Road no 7, Street no 15 MIDC, Andheri East Mumbai -400093 |
N.R. Viswanadhan Product head- Capital Market Tel: 66552259 Mob: 9833651064 Mr. Ajay Thakur / Sadik Ali Asst Manager Tel: 66977910 Mobile: 9967222102 |
| IndusInd Bank Ltd. | Sonawalla Building 57, Mumbai Samachar Marg Fort Mumbai - 400 001 |
Mr. Pradeep Bhave VP & Branch Head Tel: 66347722 Mr. Yogesh Adke Asst. Vice President Tel: 66366589 Fax: 66366590 |
| JPMorgan Chase Bank | J.P. Morgan Tower, Off. C.S.T. Road, Kalina, Santacruz - East, Mumbai 400098 |
Rahul Palan Vice President MailID: rahul.s.palan@jpmorgan.com Tel : 022 61573752 Nikita Tambday Vice President MailID: nikita.tambday@jpmchase.com Tel : 022 61573710 Roopadarshani Keer Vice President MailID: roopadarshani.r.keer@jpmorgan.com Tel : 022 61575008 Gaurav Thanawala Associate MailID: gaurav.u.thanawala@jpmorgan.com Tel : 022 61573844 |
| Kotak Mahindra Bank Ltd. | Kotak Infiniti, 6th Floor, Building No. 21, Infinity Park, Off Western Express Highway, General AK Vaidya Marg, Malad (E), Mumbai 400097 |
Mr. Rajiv Gurnani Sr. Vice President-FIG Tel: 66596375 Board: 67595351 Fax: 67595364 Mr. Sanjay Mehta Associate VP - Operations Tel: 66056658 Fax: 67259065 |
| Standard Chartered Bank | 5th floor, Forbes Building Charanjeet Rai Marg Fort Mumbai 400 001 |
Mr. Ashish Kapoor Associate Director-Transaction Banking - Financial Institution Tel: 2206 2670 Mobile: 9870224057 Email: ashish.kapoor@sc.com Mr. Bineet Desai Associate Director-Financial Institution, India Tel: 66372357/66314166 Mobile: 9920554141 Email: bineetnaresh.desai@sc.com |
| Union Bank of India | Capital Market Cell Mumbai Samachar Marg Branch 66/80, Mumbai Samachar Marg Fort, Mumbai 400 023 |
Mr. R.S. Majithia Asst. General Manager Tel: 22629303 Fax: 22642742 Mr. Girishchandra Kashyap Sr Manager Tel: 22629335 |
| State Bank Of India | Mumbai Main Branch 1st floor International Banking Division Mumbai Samachar Marg Mumbai 400 023 |
Ms. Vidya Krishnan Asst. General Manager Mobile : 9821078386 Ms. Supriya Kulkarni Manager Tel: 22651363 Mr. P.N. Raut Dy. Manager Tel: 22644411, 22644972 Mobile: 9870498672 Mr. Sathish Babu Dy Manager Mobile: 9870498671 |
| Yes Bank | YES Bank Limited Indiabulls Finance Centre Tower 2, 24th Floor, Senapati Bapat Marg, Elphinstone (W) Mumbai - 400013 |
Mr. Ganapathy Puranik Head - Capital Markets Group Mobile : +919867176804 Tel : 022 71009296 Mail ID: ganapathy.puranik@yesbank.in Miss Kiran Shirke Assistant Vice President Mobile : +917045472600 Tel : 022 33479038 Mail ID: kiran.shirke@yesbank.in Mr. Naveen Surana Senior Vice President Mobile : +918696361234 Tel : 022 33479039 Mail ID: naveen.surana@yesbank.in |
Every Clearing Member is required to maintain and operate a primary clearing account with any one of the empanelled clearing banks at the designated clearing bank branches. The primary clearing account is to be used exclusively for clearing operations i.e., for settling funds and other obligations to the Clearing Corporation including payments of margins and penal charges. A Clearing member having funds obligation to pay shall ensure availability of sufficient clear balance in the clearing account on or before the stipulated funds pay-in day and the stipulated time.
Further, every clearing member can maintain and operate additional clearing accounts exclusively for the purpose of enhancement of collaterals. All the credits and debits other than collateral enhancement specified by the member shall be routed through the primary clearing account.
Clearing Members are required to authorise the Clearing Bank to access their clearing accounts for debiting and crediting their accounts, reporting of balances and other information as may be required by NSE Clearing from time to time as per the specified format. The Clearing Bank will debit/ credit the clearing account of clearing members as per instructions received from the Clearing Corporation.
Download the specified format (.doc)
A Clearing member can deposit funds into this accounts in any form, but can withdraw funds from these accounts only in self-name.
Clearing members shall not seek to close or de-activate the clearing account without the prior written consent of the Clearing Corporation.
In case a clearing member wishes to shift the primary clearing account from one designated clearing bank to another designated clearing bank, the following procedure is required to be followed:
- The clearing member while requesting the Clearing Corporation for a change in the primary clearing bank account shall either
- Furnish the no objection certificate (NOC) received by the member from the existing primary clearing bank for shifting of account, or
- In case no response was received by the clearing member from the existing primary clearing bank in respect of the NOC request even after a minimum waiting period of a fortnight, a declaration to the above effect along with an acknowledged copy of the NOC request made by the member to the existing primary clearing bank.
- The Clearing Corporation would thereon issue a letter of introduction to the other designated clearing bank
- On opening the account with the other designated clearing bank, the clearing member shall submit to the Clearing Corporation the account particulars issued by the bank and also the acknowledged copy of the letter issued by the clearing member to the clearing bank (as per specified format)
Updated on: 04/01/2023
