Description
NSE Clearing adds MUFG Bank Ltd to the list of approved banks for submitting Fixed Deposit Receipts in electronic form as collateral.
Summary
NSE Clearing Limited has added MUFG Bank Ltd to the list of approved banks that can provide Fixed Deposit Receipts (FDRs) in electronic form as collateral to clearing members.
Key Points
- MUFG Bank Ltd is now authorized to submit FDRs in electronic form
- This addition expands the list of empaneled banks for electronic FDR facility
- Members can register for email and SMS notifications for FDR additions and renewals
- Registration available through NMASS module under “Electronic Addition/Renewal of FDR”
Regulatory Changes
Expansion of approved bank list for electronic FDR submissions as collateral.
Compliance Requirements
- Members should register email IDs and mobile numbers in NMASS module
- Subscribe to “Electronic Addition/Renewal of FDR” notifications for updates
- Contact collaterals_ops@nsccl.co.in or call 1800 266 0050 (IVR option 2) for queries
Important Dates
- Circular Date: September 04, 2025
- Effective immediately
Impact Assessment
Minimal operational impact. Provides clearing members with an additional banking option for electronic FDR collateral submissions, potentially improving operational efficiency and flexibility.
Impact Justification
Administrative addition of one bank to approved FDR list with minimal market impact