Funds Settlement

NSCCL has empanelled 13 clearing banks namely Axis Bank Ltd., Bank of India, Canara Bank, Citibank N.A, HDFC Bank, Hongkong & Shanghai Banking Corporation Ltd., ICICI Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India and Union Bank of India.

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.

Download Format of Letter to be submittedby member to bank for operation of Primary and Secondary Clearing Account (.doc)

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Clearing Account

Change in Primary Clearing Bank

Funds Settlement

Funds Shortages

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