Ncdex Spot  
Membership
Approved Banks
 
 
 
As per the Regulations of NCDEX Spot Exchange Limited (NCDEX Spot), 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 Spot has already finalized the appointment of following banks as clearing banks with which members may open the bank accounts for the purpose:
Address : Stock Exchange Branch,
Stock Exchange Building,
Ground Floor,
Dalal Street,
Fort, Mumbai 400 001.
Telephone Nos : 022 2272 2398/99
Fax No : 022 2272 1782
Contact Persons : Mr. S.P.Shanbaug – Sr. Manager (Deposits)
  Tel: 022-2272 2396, Mob.9819280438
  Mr. K. M Kanade – Desk Officer
  Tel: 022-2272 1788, Mob. 9930019061
 
Email:  stockexchange@bankofindia.co.in
  boistockexchange@mtnl.net.in
Address : Commodity Markets Business,
Trade World, A Wing, 2nd Floor, Kamala Mills,
S B Marg, Lower Parel, Mumbai 400 013.
Contact Persons : Mr. Shivayogi Kubasad
  Tel: 24988484 extn 3570; Mob. 9323469244
  Fax No. 022- 2492 3411
 
Email:  shivayogi.kubasad@hdfcbank.com
  Mr. Samit Mehta
  Tel : 24988484 extn 3567, Mob.9323851617
  Fax No. 022- 2492 3411
 
Email:  samit.mehta@hdfcbank.com
Address : Capital Market Division
Jeevan Prakash Building, Sir P.M. Road,
Fort, Mumbai - 400001
Contact Persons : Mr. Sunil Sharma
Vice President
Tel: 66107250/51
Cell: 9869663870
Fax: 66107284/85
  Mr. Ketan Dani
Dy Vice President
Tel: 66107263
Cell: 9869574813
Fax: 66107284/85
  Mr. Dipesh Shroff
Asst. Vice President
Tel: 66107264
Cell: 9820152262
Fax: 66107284/85
Address : Sonawalla Building,
57, Mumbai Samachar Marg,
Fort, Mumbai 400 001.
Telephone Nos : 022-66366580/83
Fax No : 022-66366590
Contact Persons : Mr. Pradeep Bhave, VP & Country Head
  Tel Nos: 022-6636 6580-83 (Extn: 201)
  Direct No. 6634 7722/ 2269 2935, Mob. No.98205 50863
 
Email:  pradeepb@indusind.com
  Mr. R. Karthikeyan, Chief Manager
  Phone Nos : 022-6636 6580-83 Extn:220, Dir No. 6636 6589
 
Email:  rkarthik@indusind.com
Disclaimer for Clearing Banks empanelled with NCDEX Spot Exchange Ltd.
 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.
Membership
TCM Membership
Commodity Participants
Approved Banks
CSTracker