NCDEX Circular on Exposure on Interest Free Security Deposit (IFSD)
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Jul 7, 2026, 6:58:12 AMJul 7
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Date of Issue: 06-07-2026
Highlights of the Circular :
Highlights of the Circular :
This is in continuation to the Exchange Circular Ref No. NCDEX/MEMBERSHIP-018/2018/190 dated August 02, 2018 with regards to requirement of Interest Free Security Deposits (IFSD).
In furtherance of the above referenced Exchange circular on IFSD, all members are required to comply with the IFSD at all time, until their membership with the Exchange continues.
In this regard, the Exchange has now decided to provide exposure for margin benefit on the IFSD of Rs.10 lakh maintained by members with the Exchange. The said exposure on the IFSD will be effective from July 13, 2026.
Please note that the requirement of IFSD will be a continuous membership requirement. Any shortfall in the said deposit will lead to disablement of trading terminal with immediate effect.
Further, the IFSD will be refunded to the member as per prescribed guidelines of refund of deposits issued from time to time.
All members are requested to take note of the same.
In furtherance of the above referenced Exchange circular on IFSD, all members are required to comply with the IFSD at all time, until their membership with the Exchange continues.
In this regard, the Exchange has now decided to provide exposure for margin benefit on the IFSD of Rs.10 lakh maintained by members with the Exchange. The said exposure on the IFSD will be effective from July 13, 2026.
Please note that the requirement of IFSD will be a continuous membership requirement. Any shortfall in the said deposit will lead to disablement of trading terminal with immediate effect.
Further, the IFSD will be refunded to the member as per prescribed guidelines of refund of deposits issued from time to time.
All members are requested to take note of the same.
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