FX RETAIL


FX-Retail platform

Reserve Bank of India (RBI) through Clearing Corporation of India Ltd (CCIL) has rolled out ‘FX-Retail’, an electronic trading platform for buying or selling foreign exchange by customers, particularly individual and MSME customers, of Banks.

FX-Retail provides for an anonymous and order driven dealing for customers wherein retail customers can place orders in USD/INR currency pair.

FX-Retail platform can be accessed by customers of the bank (through the website https://www.fxretail.co.in) who can purchase or sell US Dollar against Rupee for delivery on ‘cash basis’ (on the same day), ‘tom basis’ (the next day) or ‘spot basis’ (two days after date of transaction) , Forward (beyond SPOT currency settlement) upto a period of 13 months including broken dates also subject to the terms and conditions of the bank

FEATURES AND BENEFITS
HOW TO REGISTER FOR FX-RETAIL
TRANSACTION PROCESS
CHARGES

Registration Charges

Individual

Rs. 300*

Non Individuals

Rs. 1,000*

Transaction Charges

Up to USD 50,000 a day

No Charges

Above USD 50,000 a day

0.0004% on the entire transaction value in INR*

For further details about the platform and registration, customers can visit the CCIL website https://www.ccilindia.com or FxretailDesk at 9150063110 or contact your branch.

Last Updated on: 05-09-2022 12:42:02 PM

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