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Exchange Traded Currency Derivatives

Currency Futures and Options are standardized foreign exchange contracts which are transacted on a stock exchange. IDFC FIRST Bank is a trading and clearing member with both BSE and NSE. We are pleased to offer our Exchange Traded Currency Derivative product, for which you don’t need to open a DEMAT Account, all you need to do is Open a Savings/Current Account with us.

Regulatory Details:

Name of Stock Broker /Trading Member/Clearing Member – IDFC FIRST Bank Limited
SEBI Registration No.: INZ000036640 dated 28th March 2016
BSE Membership No.: 4069 dated 28th March 2016
NSE Membership No.: 90089 dated 10th August 2016

Features:

Transaction Platforms

Online – Web / Mobile App / Trader Work Station
Offline – Call & Trade Desk

Currency Pairs – USD/INR, EUR/USD, EUR/INR, GBP/USD, GBP/INR, USD/JPY, JPY/INR

Minimum Transaction Quantity – 1 Lot (1 Lot = $1000 for all currencies except JPY 1 Lot = 100,000)

Contract Maturity

Futures – Monthly Contracts upto 12 months (Monthly expiry is 2 working days prior to last working day)
Options – 4 Weekly expiry contracts, 3 Monthly expiry contracts and 3 Quarterly Expiring Contracts
Option Style – European Call and Put Options

Mode of Settlement – Daily MTM settlement

Exposure – Single limit of USD 100 million equivalent across all currency pairs involving INR, put together, and combined across all exchanges [Refer RBI/2017-18/134 A. P. (DIR Series) Circular No. 18 dated February 26, 2018]

Subscribe to this platform and enjoy:

Minimum TAT to begin trading
Best in Market brokerages
Zero cost to begin trading
Simple KYC procedure
100% transparent pricing
Best-in-market Savings/FD Rates on initial margin
No requirement of underlying exposure for Individuals/Corporates upto USD 100 mio equivalent

Additional Benefits:

Dedicated desk to execute trades for Currency derivatives
Online Reports on Web and Mobile
Instant and no charge limit set-up and withdrawal with Zero penalty on FD pre-closure
List of securities acceptable as Collateral – Cash Lien (from Savings/Current), Fixed Deposits, Mutual Funds, Bank Guarantees.
Access to daily morning currency report via SMS
Flexible Brokerages schemes for market participants (Traders/Hedgers/Arbitrageurs)
Available infrastructure for execution of Derivative Strategies as per client request viz. Call Spreads, Seagull, Straddles, Strangles, Butterfly etc.)

Downloads from Form Centre (Click Here)

Forms

Currency Derivatives Account Opening Form – Individual
Currency Derivatives Account Opening Form – Non Individuals
Form – I(A) Request for Placement of Cash Lien
Form – I(B) Request for Release of Cash Lien
Form – II(A) Request for Placement of FD Lien
Form – II(B) Request for Release of FD Lien
Form – III Client Change Request
Form – IV Request for Re-Activation
Form – V (A) Request for Placement of Securities
Form – V (B) Request for withdrawal of Securities
Registration Documents Vernacular Language
1. BSE – Click Here

Policies
Inactive Account Policy – Click Here

Contact Information
For product & account opening related queries, you can reach us at:
ETCD Desk – (+91 22) 7132 5682/3
e-mail – etcd@idfcbank.com
Back Office Tel no: (+91 22) 7132 5859/5851
e-mail: etcd-ops@idfcfirstbank.com
Compliance Officer – Mr. Rahul Srivastava (+91 22) 713 26455 & e-mail – etcd@idfcbank.com

Corporate Office Address:
Naman Chambers, C-32, G-Block
Bandra Kurla Complex,
Bandra (E), Mumbai – 400 051

Registered Office Address:
KRM Tower, 7th Floor,
No. 1, Harrington Road, Chetpet,
Chennai - 600031

Grievance Handling
For any grievance/dispute, please contact IDFC FIRST Bank Limited at etcd-grievance@idfcfirstbank.com
If you are not satisfied with the response, please contact the exchange(s) concerned at:
BSE
e-mail: is@bseindia.com, Tele:022-22721234/33
BSE Investor Service Centre, 1st Floor, Cama Building, Dalal Street, Fort, Mumbai – 400 001
NSE
e-mail:nseiscmum@nse.co.in Tele:022-25045258-60
NSE Investor Service Cell, 6th Floor, Kohinoor City, Tower -1, Commercial - II, Kirol Road, Off. L.B.S. Marg, Kurla (W), Mumbai - 400 070

Filing complaints on SCORES - Easy & quick

Register on SCORES portal
Mandatory details for filing complaints on SCORES:
1. Name, PAN, Address, Mobile Number, Email ID
Benefits
1. Effective communication
2. Speedy redressal of the grievances

For FAQs please Click Here

Disclaimer: Investment in Securities Market are subject to market risk, read all related documents carefully before investing.

"Attention Investors

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
Update your mobile number and email ID with your stock broker/depository participant and receive OTP directly from depository on your email ID and/or mobile number to create pledge.
Pay 20% upfront margin of the transaction value to trade in cash market segment.
Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
Check your Securities/MF/Bonds in the consolidated account statement issued by NSDL/CDSL every month.

.......Issued in the interest of Investors"

IDFC FIRST Bank Mobile App

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Call us on 1800 10 888

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Exchange Traded Currency Derivatives

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IDFC FIRST Bank Mobile App

Drop a ‘Hi 👋’ on 9555 555 555

Call us on 1800 10 888

Locate our nearby

Exchange Traded Currency Derivatives

Transaction Platforms

Read more about Products and Services

Credit Card – Compare and Select

Instant Savings and Growth

Personal Loan – Quick help anytime!

Home Loan – Dream come true

Download IDFC FIRST Bank App

Read more about Products and
Services