main content start

Clearing Banks

NSE Clearing has empanelled 15 clearing banks namely Axis Bank Ltd., Bank of India, Canara Bank, Citibank N.A, HDFC Bank, Hongkong & Shanghai Banking Corporation Ltd., ICICI Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India,   Union Bank of India, YES Bank Limited and JP Morgan Chase Bank

Every Clearing Member is required to maintain and operate clearing accounts with any of the empanelled clearing banks at the designated clearing bank branches. The clearing accounts are to be used exclusively for clearing & settlement operations.

 

click to open accordion Contact Details

Axis Bank Ltd.

Address

Axis House Wadia International Center,
Pandurang Budhkar Marg, Worli,
Mumbai - 400025

Contact Person & Numbers

Srinath S Nair

Srinath S Nair
Vice President
Telephone
91 022 68723819
Mobile
91 9082800674

Naresh Devadiga

Naresh Devadiga
Senior Vice President
Telephone
91 022 24254420
Mobile
91 9869721413

Bank of India Ltd.

Address

Stock Exchange Branch, P.J.Towers
Dalal Street, Fort
Mumbai - 400001

Contact Person & Numbers

Mr Amit Kumar

Mr Amit Kumar
Asst General Manager
Telephone
22722400,22721787
Mobile
9811627907

Mr. Sandeep Kumar Yadav

Mr. Sandeep Kumar Yadav
Senior Manager
Telephone
22721623
Mobile
9389806970

Canara Bank Ltd.

Address

Canara Bank Stock and Commodity Exchange Branch
No. 115, 11th Floor, Atlanta Building, Nariman Point,
Mumbai - 400021

Contact Person & Numbers

ABHISHEK PAGARE

ABHISHEK PAGARE
Senior Manager
Telephone
022-22023166(Any Enquiry), 022-22023167(Advances section)
Mobile
91 9893738877

Citibank N.A.

Address

Corporate Banking, First International Financial Centre (FIFC), Plot Nos. C-54 & C-55,
Bandra Kurla Complex, Bandra East,
Mumbai - 400098

Contact Person & Numbers

Mr. Dhiraj Lohiya

Mr. Dhiraj Lohiya
Vice President
Telephone
61755267
Mobile
8879996462

Mr. Tejas Zarapkar

Mr. Tejas Zarapkar
Senior Vice President
Telephone
61756856
Mobile
9819713188

The Hongkong & Shanghai Banking Corporation Ltd.

Address

2nd Floor,
52/60, M G Road,Fort
Mumbai - 400001

Contact Person & Numbers

Mr. Brijendra Sharma

Mr. Brijendra Sharma
AVP, Payments Services (Operations) nsebse@hsbc.co.in , brijendrasharma@hsbc.co.in
Mobile
91 7400 167 705

Mr. Vinod Mehta

Mr. Vinod Mehta
VP, Payments Services (Operations)
Mobile
91 8655 938 187

Mr. Vipin Dorlikar

Mr. Vipin Dorlikar
VP - Account Manager, Global Payments Solution vipindorlikar@hsbc.co.in
Mobile
+91 9004 867 369

Mr. Rajendra Naik

Mr. Rajendra Naik
Senior VP, Global Payments Solution rajendranaik@hsbc.co.in
Mobile
+91 9820 414 281

Mr. Parthapratim Mahanta

Mr. Parthapratim Mahanta
VP, Financial Institutional Group parthapratim.mahanta@hsbc.co.in
Mobile
+91 9873 826 095

ICICI Bank Ltd.

Address

BACKBAY RECKMINATION
CHURCHGATE,
Mumbai - 400020

Contact Person & Numbers

Mr. Srinivasa Kadiyala

Mr. Srinivasa Kadiyala
Assit. General Manager, TREASURY & SECURITIES SERV GRP
Mobile
+91 9866658043

HDFC Bank Ltd.

Address

HDFC Bank 2nd floor, Zenith House, K K Road
Arya Nagar, Opp Racecourse Mahalaxmi,
Mumbai - 400034

Contact Person & Numbers

Chetan Anam

Chetan Anam
Vice President- Capital & Commodity Markets
Mobile
9323292987

Satish Jathan

Satish Jathan
Senior Vice President- Capital & Commodity Markets
Mobile
9819903129

Mukesh Shah

Mukesh Shah
Senior Vice President- Capital & Commodity Markets
Mobile
9323169961

IDBI Bank Ltd.

Address

Capital Market Services
Annex Building, CBD Belapur,
Navi Mumbai - 400614

Contact Person & Numbers

Ms.Sharmili Basu

Ms.Sharmili Basu
Product head- Capital Market
Telephone
02266552163

Smt. Anchan Vandana Kariya Malathi

Smt. Anchan Vandana Kariya Malathi
AGM -Service Relationship Manager.LCG.
Telephone
022 66588124
Mobile
8108101070

Shri Marampelli Ramu

Shri Marampelli Ramu
Manager-Capital Market Operations.
Telephone
022-66700706
Mobile
9381774005

Shri Guddu Kumar Sah

Shri Guddu Kumar Sah
Manager-.Capital Market Operations
Telephone
022 66700671
Mobile
9892590260

IndusInd Bank Ltd.

Address

4th floor, PNA House,
MIDC, Andheri (East),
Mumbai - 400093

Contact Person & Numbers

Hetal Divanji

Hetal Divanji
Head Capital Market Operations , Hetal.Divanji@indusind.com
Mobile
+919820062805

Kaushik Chatterjee

Kaushik Chatterjee
Deputy Vice President – Capital Market Operations , chatterjee.kaushik@indusind.com
Mobile
9920209335

Mr. Ritesh Singh

Mr. Ritesh Singh
Head - Head-Financial Services Group
Mobile
9833383936

Dharmendra Jakhodia,

Dharmendra Jakhodia,
Senior Relationship Manager, Financial Services Group
Telephone
919820189141

Kotak Mahindra Bank Ltd.

Address

Kotak Infiniti, 2nd Floor, Zone II, Building No. 21, Infinity Park, Off W.E. Highway,
General AK Vaidya Marg, Goregaon (E),
Mumbai - 400097

Contact Person & Numbers

Mr. Vickram Valecha

Mr. Vickram Valecha
Senior Vice President
Telephone
66056027
Fax
No

Mr. Sachin Samant

Mr. Sachin Samant
President
Telephone
61660307
Fax
No

Standard Chartered Bank

Address

Crescenzo, 5th Floor , C 38 / 39 G Block.
Bandra Kurla Complex.
Mumbai - 400051

Contact Person & Numbers

Mr. Kamal Parmar

Mr. Kamal Parmar
Director, Transaction Banking Sales
Telephone
22 61159123
Mobile
9920467756

Mr. Yohan Palia

Mr. Yohan Palia
Associate Director, Client Management
Telephone
22 61159109
Mobile
9821282849

Mr. Abhir Adyanthaya

Mr. Abhir Adyanthaya
Director and Financial Institutions Banker
Telephone
22 61157769
Mobile
9967595310

Union Bank of India

Address

Capital Market Cell, M.S. Marg

-

Contact Person & Numbers

Ashwani Kumar Tripathi

Ashwani Kumar Tripathi
Asst. General Manager
Telephone
22629303
Mobile
9628674999

Raghwendra Kumar

Raghwendra Kumar
Mobile
9918146808

Sumit Kumar Jain

Sumit Kumar Jain
Chief Manager
Mobile
7974563530

State Bank Of India

Address

Mumbai Main Branch, 1st floor International Banking Division
Mumbai Samachar Marg
Mumbai - 400023

Contact Person & Numbers

Mrs.Munmun Hazra

Mrs.Munmun Hazra
Asst. Manager , Settlement.11777@sbi.co.in
Telephone
022-22719121
Mobile
9699369414

Mr.Anil Andalat

Mr.Anil Andalat
Sbi.11777@sbi.co.in
Telephone
022-22719102
Mobile
9483188458

Mr. Madan Chowdhary

Mr. Madan Chowdhary
Settlement.11777@sbi.co.in, Cmpc.11777@sbi.co.in
Telephone
022-22719123
Mobile
8800913777

Mr. Aditya Jha

Mr. Aditya Jha
DGM , dgm.figmum@sbi.co.in
Telephone
022-22719100
Mobile
9643308485

Mr.Rishikesh Karn

Mr.Rishikesh Karn
Deputy Manager, Settlement.11777@sbi.co.in
Telephone
022-22719121
Mobile
7903179570,

Yes Bank Limited

Address

6th Floor(South) YES Bank House,
Off Western Express Highway, Santacruz East,
Mumbai - 400055

Contact Person & Numbers

Mrs. Surbhi Wahi

Mrs. Surbhi Wahi
Segment Head - Capital Markets,surbhi.wahi@yesbank.in
Telephone
022 50919571
Mobile
9833880050

Ms.Kiran Shirke

Ms.Kiran Shirke
Senior Vice President,kiran.shirke@yesbank.in
Telephone
022 65077478
Mobile
7045472600

Mr. Manoj B Bisht

Mr. Manoj B Bisht
Senior Vice President,manoj.bisht2@yesbank.in
Telephone
022 6507 7996
Mobile
9167162440

J.P. Morgan Chase Bank N.A.

Address

J.P. Morgan Tower,
Off. C.S.T. Road, Kalina, Santacruz - East,
Mumbai - 400098

Contact Person & Numbers

Rahul Palan

Rahul Palan
ED,rahul.s.palan@jpmorgan.com
Telephone
022 61573752

Nikita Tambday

Nikita Tambday
ED,nikita.tambday@jpmchase.com
Telephone
022 61573710

Saket Sawant

Saket Sawant
VP,saket.sawant@jpmchase.com
Telephone
022 61573077

Dinesh Rai

Dinesh Rai
VP,dinesh.c.rai@jpmorgan.com
Telephone
022 61575008

Sandeep Ahuja

Sandeep Ahuja
Asst,andeep.ahuja@jpmorgan.com
Telephone
011 66111701
click to open accordion Clearing Account

Every Clearing Member is required to maintain and operate a primary clearing account with any one of the empanelled clearing banks at the designated clearing bank branches. The primary clearing account is to be used exclusively for clearing operations i.e., for settling funds and other obligations to the Clearing Corporation including payments of margins and penal charges. A Clearing member having funds obligation to pay shall ensure availability of sufficient clear balance in the clearing account on or before the stipulated funds pay-in day and the stipulated time.

Further, every clearing member can maintain and operate additional clearing accounts exclusively for the purpose of enhancement of collaterals. All the credits and debits other than collateral enhancement specified by the member shall be routed through the primary clearing account.

Clearing Members are required to authorise the Clearing Bank to access their clearing accounts for debiting and crediting their accounts, reporting of balances and other information as may be required by NSE CLEARING from time to time as per the specified format. The Clearing Bank will debit/ credit the clearing account of clearing members as per instructions received from the Clearing Corporation.

A Clearing member can deposit funds into this accounts in any form, but can withdraw funds from these accounts only in self-name.

Clearing members shall not seek to close or de-activate the clearing account without the prior written consent of the Clearing Corporation.

click to open accordion Change in Primary Clearing Bank

In case a clearing member wishes to shift the primary clearing account from one designated clearing bank to another designated clearing bank, the following procedure is required to be followed:

  • The clearing member while requesting the Clearing Corporation for a change in the primary clearing bank account shall either
    • Furnish the no objection certificate (NOC) received by the member from the existing primary clearing bank for shifting of account, or
    • In case no response was received by the clearing member from the existing primary clearing bank in respect of the NOC request even after a minimum waiting period of a fortnight, a declaration to the above effect along with an acknowledged copy of the NOC request made by the member to the existing primary clearing bank.
  • The Clearing Corporation would thereon issue a letter of introduction to the other designated clearing bank
  • On opening the account with the other designated clearing bank, the clearing member shall submit to the Clearing Corporation the account particulars issued by the bank and also the acknowledged copy of the letter issued by the clearing member to the clearing bank (as per specified format)