>  Fees, Deposits & Networth Requirements
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 IFSCA FUND2
Account Number 39907189884
IFSC Code SBIN0060228
Nostro Details https://www.sbi.co.in/web/nri/remittances/correspondent-bank-accounts

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