Members are permitted to submit fixed deposit receipts as collateral towards liquid assets. The FDR should be issued either in favour of: "Custodian Name” (as the case may be) - A/c Member Name" in case to be deposited with approved custodians namely HDFC Bank Ltd., Stock Holding Corporation of India Limited and ICICI Bank Ltd or "NSCCL A/c Member Name" in case to be deposited with the Clearing Corporation.

Members need to ensure following before submitting FDRs to approved custodians or NSCCL as the case may be:

1. Members have to issue a letter to NSCCL/approved custodians as per the formats specified.




2. Members have to submit a letter given by approved banks issuing the FDR to NSCCL/ approved custodians as per formats specified.

3. The FDR should have validity for a minimum period of 3 months in case of margin deposit and for a minimum period of 12 months in case of security deposit.

4. The minimum value of FDR that may be accepted is Rs.2 lakhs.

5. The FDR should be issued by any of the branches of approved banks and should be payable in the cities of: Mumbai, New Delhi, Chennai, Kolkata, Ahmedabad and Hyderabad.

Reminder letters
Reminder letters are downloaded on a monthly basis through the extranet in respect of the Fixed deposits those are due for renewal in the following month. Path for the letter is FTP//REPORTS. Further, the file naming convention for the same is : FD_ABC/BC__DDMMYYYY.DAT.


Renewal letters
Renewals of the FDRs are the sole responsibility of the members. In case of renewal of FDRs, the members are required to furnish the renewal documents strictly in the prescribed formats.


Shifting of FDR from F & O segment/Currency Derivatives segment to Capital Market segment
Clearing member who intend to transfer the FDR from one segment to another segment can transfer the same by putting a transfer request in Collateral Interface for Member (CIM) on an intraday basis. Members shall be required to specify the segment where the FDR is to be transferred. Transfer request received from the members via CIM shall be treated as request from the members and no separate transfer letter needs to be submitted.