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Fees, Deposits & Networth Requirements

Fees & Deposits

Details for INDIA ICC Amount (in US$)
Application Processing Fees 500
Interest Free Deposit (refundable) 75,000
Details for IFSCA Amount (in USD)
Registration Fees* 1,000
Annual Clearing Membership Fees** 1,000
* Needs to be paid one time while applying for registration.

**Needs to be paid within thirty days of conclusion of relevant financial year.

Account Details for Payment of Fees to IFSCA
Account Name International Financial Services Centres Authority
Account Number 970105000174
Type of Account USD Current Account
Bank Name ICICI Bank Limited
NOSTRO Details BOFAUS3N, Bank of America, N.A., New York Branch, A/c no: 6550491848

Net worth Requirement

Particulars Self-Clearing Member Trading cum Clearing Member / Professional Clearing Member
Membership – Foreign Entities* USD 675,000 USD 1,350,000
Membership – Others INR 50,000,000 INR 100,000,000
*Kindly refer to IFSC Authority circular no. F. No. 113/IFSCA/CMD-TMCM/2020-21 dated December 11, 2020