Approved Clearing 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:

Bank of India
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
HDFC Bank Limited
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
Axis Bank Limited (formerly known as UTI Bank Limited)
Address : Capital Market Division,
Janmabhomo Bhavan,
Janmabhoomi Marg,
Fort, Mumbai 400 001.
Telephone Nos : 022-66107278/80
Fax No : 022 66107284/85
Contact Persons : Mr. Sunil Sharma AVP
  Direct Tel. No.6610 7250/51, Mob. 9869663870
 
Email:  sunil.sharma@axisbank.com
  Mr.Sajjan Goyal – Deputy Manager
  Direct Tel No. 66107262, Mob.9867757077
 
Email:  sajjan.goyal@axisbank.com
IndusInd Bank Limited
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
Associates