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Approved Banks | Clearing Banks | DP Empanelment |  Formats |  Insurance | Physical Delivery Guide |
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Clearing Banks
 
As per the Regulations of NCDEX, all Members of the Exchange are required to open their bank accounts (for settlement and for exchange dues) with the designated banks hereinafter referred to as "clearing banks". The accounts are to be named as "Member name - Settlement A/c" and "Member name - Exchange dues A/c".

NCDEX has already finalized the appointment of following banks as clearing banks with which members may open the bank accounts for the purpose:

1. Bank of India
  Stock Exchange Branch,
Stock Exchange Building,
Ground Floor,
Dalal Street,
Fort, Mumbai  400 001.
Telephone No : 022 2272 2394/2272 2400
Fax No : 022 2272 1782

Contact Person :
Mr. Salvi,
E-mail : boiagm@vsnl.com
   
2. Canara Bank
  STOCK & COMMODITY EXCHANGE BRANCH
VARMA CHAMBERS
11, HOMJI STREET,
FORT, MUMBAI 400 001.

Phone Nos.: 022 22675702, 22702833, 22693156, 22658290
Facsimile Nos : (022) 22670033, 2267 5650
Email: cmmcity2426@canbank.co.in

Contact persons:
Mr. Andrew M. Sequeira, Chief Manager
Phone No.: 022 22693157
Email: sequeiraa@canbank.co.in

Mr. K. Y. Mallya, Senior Manager
Phone No.: 022 22633006
Email: managermcity2426@canbank.co.in

Mr. P. H. Reddy, Senior Manager
Phone No.: 022 22702833
Email: mcity2426@canbank.co.in

   
3. HDFC Bank Limited
  Commodity Markets Business,
Trade World, A Wing, 2nd Floor, Kamala Mills,
S B Marg, Lower Parel, Mumbai 400 013.

Contact Persons:
Mr. Shivayogi Kubasad,
Telephone No : 24988484 extn 3570
Email : shivayogi.kubasad@hdfcbank.com

Mr. Samit Mehta,
Telephone No : 24988484 extn 3567
Email : samit.mehta@hdfcbank.com

Mr. Navratan Vohra,
Telephone No : 24988484 extn 3842
Fax No : 022-24923411
Email : navratan.vohra@hdfcbank.com
 
4. ICICI Bank Limited Facilities to Members
  30, Mumbai Samachar Marg,
Fort, Mumbai  400 001.
Telephone Nos : 022 - 2265 5284/85/86/87/5206
Fax No : 022 - 2261 1138

Contact Persons :
Mr. Prashant Kamath : 022 - 2265 5207 (M) 98206 93431
Email : prashant.kamath@icicibank.com
Mr. Mahesh Kumar : 022 - 2261 1245 (M) 98206 00923
Email : mahesh.kumar@icicibank.com
   
5. Punjab National Bank
 

Baba House, Plot No 237
Gr Flr. 27th Road, Bandra (w)
Mumbai - 400050


Contact Persons :

Mr. Dilip Saha - Chief Manager
Mobile : 9820300338
Tel. No. : 022 - 26559539

Mr. P. S. Venugopal - Sr. Manager
Mobile : 9820385380
Tel. No. : 022 - 26558465

Mr. Sunil Jadhav - Ncdex Operator
Mobile : 9819506950
Tel. No. : 022 - 26415729

   
6. Axis Bank Limited (formerly known as UTI Bank Limited)
  Capital Market Division,
Janmabhomo Bhavan,
Janmabhoomi Marg,
Fort, Mumbai 400 001.
Telephone Nos : 022 2204 3035/2655/2664
Fax No : 022 2204 2640

Contact Persons :
Mr. Sunil Sharma / K Subramanyam
Email : sunil.sharma@utibank.co. in
k.subramanyam@utibank.co.in
   
7. IndusInd Bank Limited
 

Sonawalla Building,
57, Mumbai Samachar Marg,
Fort, Mumbai 400 001.

Contact Persons :
Mr. Pradeep Bhave, AVP & Branch Head
Mr. G G Joseph, Manager
Telephone Nos : 022 5634 7722 / 56366591/92

 
8. Kotak Mahindra Bank Ltd
 

5-C II Mittal Court,
224, Nariman Point,
Mumbai 400 021.

Contact Persons :
Mr. Rajiv Gurnani,
Sr. Vice President,
Telephone Nos : 022 22026426, 022 56596375


Mr. Prasad Ramaswami
Sr. Manager,
Telephone Nos : 022 56563449
Fax No : 56563451

   
9. Tamilnad Mercantile Bank Limited
  Gorodia House (Ist Floor),
100/104, Kazi Syed Street,
Mandvi, Mumbai 400 003.

Email : tmbmumbaimain@vsnl.net
 
Contact Persons :
Mr. S. Arumugapandian
Telephone No 022-27669236/27669237/27669021/09821055364
Email : mumbai_region@tnmbonline.com

Mr. S. Kandavelu,
Telephone Nos : 022-23415624/23413141/23401205/32615042/09821165681
Fax No : 022-23401667
10 Union Bank of India
  Capital Markets Cell,
Mumbai Samachar Marg Branch,
66/80 Mumbai Samachar Marg, Fort,
Mumbai 400 023.

Gen Telephone Nos : 022-22629332/9333/9334/9335
Fax. No : 022-22642742
EMail : cmcmsm@unionbankofindia.com

Contact Persons :
Mr.A K Bansal,
Dy. General Manager,
Telephone No : 022-22674115

Mr.R S Majithia,
Asst. General Manager,
Telephone No : 022-22670107

Mr Girish Kashyap,
Sr. Manager,
Telephone No : 022-22629335

   
11 Centurion Bank of Punjab
  Modern Center, 'C' Wing ,
Sane Guruji Marg ,
Mahalaxmi ,
Mumbai - 400 011.

Gen Telephone Nos : 022 - 6754 0000
Fax. No : 022 - 6754 0011/ 6754 0022

Contact Persons :
S.Ramkumar,
Head - Cash Management Services,
Telephone No : 022- 6754 0250
E-Mail.: s.ramkumar@centurionbop.co.in

Jayant Gajanan Lele,
Head - Central Services Unit,
Telephone No : 022- 6754 0802.
E mail : jayant.lele@centurionbop.co.in

12 YES Bank Ltd
 

9th Floor, Nehru Centre,
Discovery of India Building,
Dr A B Road,
Worli, Mumbai 400018.

Contact persons:
Mr Surendra Kumar Jalan
Country Head- Domestic Financial Institutions
Tel No : 022 66699000, 66699108
Fax No : 022 2490 1128
E-Mail.: surendra.jalan@yesbank.in , contactus@yesbank.in


13 Standard Chartered Bank Ltd
  270 DN Road, Fort,
Mumbai - 400 001

Contact Persons :
Sandeep Mengle
Telephone No : 022-66101551
Fax : 22074116
E-Mail.: Sandeep.mengle@in.standardchartered.com

Amitkumar P. Sankhe
Telephone No : 022-66314187
Fax : 022-66314166
Email : amitkumar.p.sankhe@in.standardchartered.com

Disclaimer for Clearing Banks empanelled with NCDEX

Members of the Exchange are hereby informed that before selecting and or appointing any of the Clearing Banks from the list of Clearing Banks empanelled by the Exchange, they may have their due diligence done about the Bank they wish to select and / or appoint for clearing and settlement of the transactions done by them on the Exchange. The list only indicates the Banks who have established connectivity and network with the Exchange and have the necessary infrastructure required to facilitate the clearing and settlement of transactions of the members on the Exchange. In the event of any negligence in providing services and or failure to provide services by any Clearing Bank or any other dispute arising between the member and the Clearing Bank, the Exchange shall not be responsible and / or liable for the same.

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