Funds to be paid and or to be received shall be settled through Banks which are designated as Clearing Banks by Clearing Corporation from time to time. NCCL has empaneled 12 Clearing Banks.

Contact Details of Designated Clearing Banks and their Branches are as follows:-

1. Axis Bank Limited (formerly known as UTI Bank Limited)

Capital Market Division,
Jeevan Prakash Building,
Sir P M Road, Fort,
Mumbai – 400 001

Contact Persons :
Mr. Ketan Dani
Dy. Vice President (Division Head)
Contact No.: 022 4086 7501/02/ 98205 87381
Email Id: ketan.dani@axisbank.com

Mr. Dipesh Shroff
Dy. Vice President
Contact No.: +91 22 40867504/ 09820152262
Email Id: dipesh.shroff@axisbank.com

Mr. Deepak Gokhe
Assistant Vice President
Contact No.: +91 22 40867511/10/ 09820825867
Email Id: deepak.gokhe@axisbank.com 
Office Contact Nos.: +91 22 4086 7541 / 42

2. Bank of India

Stock Exchange Building,
Ground Floor,
Dalal Street,
Fort, Mumbai – 400 001

Contact Persons :
Mr. Jaykumar Godbole
Senior Manager

Mr. Binod Kumar Sinha,
Manager
Contact No: +91 22 2272 2396 / 2272 1787
Email Id : stockexchange.mumbaisouth@bankofindia.co.in
Fax No.: – +91 22 2272 1782 / 88

3. Canara Bank

Stock & Commodity Exchange Branch
ATLANTA BUILDING
115, 11th Floor
Nariman Point 400021.

Contact Persons :
Ms. Madhu G Chandra, Chief Manager
Contact No.: 022 – 2202 3170
Email Id: madhugchandra@canarabank.com

Mr. Rahul Gupta, Senior Manager
Contact No : 022-22023171
Email Id : cb2426@canarabank.com,
managercb2426@canarabank.com,
Fax No : +91 22 2202 3174, 2209 0934

Office Land line Nos.: +91 22 2202 3166 /
22023167 / 2202 3171
Help Desk Mail Id: cb2426@canarabank.com
managercb2426@canarabank.com

4. DCB Bank Limited

6th Floor, Tower A,
Peninsula Business Park,
Senapati Bapat Marg,
Lower Parel,
Mumbai – 400 013

Contact Persons :
Ms. Meenakshi Chawla
Head – FIG
Tel: +91 22 6618 7237 (D)
Mobile: 9820565111 (M)
Email: meenakshic@dcbbank.com
Fax: +91 22 6618 7208

Office Landline No.:- +91 22 6618 7000(B)
Help Desk Mail Id:- ccmd@dcbbank.com

5. HDFC Bank Limited

Capital & Commodity Markets Business
Zenith House, 2nd Floor,
Opp. Mahalaxmi Race Course,
K.K Road, Mumbai – 400034

Contact Persons :
Mr. Urvinder Singh
Contact No.: 9321958230
Email Id: urvinder.singh@hdfcbank.com

Mr. Charudutt Gokral
Contact No.: 9892500890
Email Id: Charudutt.Gokral@hdfcbank.com

Mr. Chetan A Shah
Contact No.: 9322902935  
Email Id: chetan.shah@hdfcbank.com

Mr. Rahul Sampat
Contact No.: 9322409002
Email Id: rahul.sampat@hdfcbank.com

6. ICICI Bank Limited

Capital Market Division,
1st Floor, 122, Mistry Bhavan,
Dinshaw Vachha Road,
Backbay Reclamation,
Churchgate,Mumbai  400 020

Contact Persons :
Mr. Manish Jain
Head – Capital Markets Group
Mobile : +919820571141
Tel : 022 2653 6505
Fax No. : 022 2261 1138

Mr. Abhishek Mishra
Chief Manager
Mobile : +919004923337 Tel : 022 2653 8985
Fax No. : 022 2261 1138
Email Id : m.abhishek@icicibank.com

Ms. Jyotsna Mulla
Relationship Manager
Mobile : +91 99300 62707
Tel : +91 22 6681 8912
Fax No. : 02222611138
Email Id :jyotsna.mulla@icicibank.com

Ms. Jayashree K
Head – Operations
Mobile : +91 74000 86991
Tel : +91 22 6667 2005
Fax No. : 022 2261 1138

Mr. Jijy Joseph
Chief Manager – Operations
Mobile : +91 91677 80442
Tel : +91 22 6667 2066

Mr. Kiran Hejmadi
Senior Manager – Operations
Tel : +91 22 6667 2018

Office Landline Nos.: +91 22 2285
9900/913/914
Office Fax No : +91 22 2261 1138

7. IndusInd Bank Limited

Sonawalla Building,
57, Mumbai Samachar Marg,
Fort, Mumbai 400 001.

Contact Persons :
Mr. Mahesh Kumar, SVP & Head – CCMD
Contact No.:022 – 6634 7722 / 99209 03883
Email Id :Maheshc.Kumar@indusind.com

Mr. Chetan Mehta – Head – Exchange Clearing Cell
Contact No. : 022 61069399/9867173443
Email Id : chetan.mehta@indusind.com 

Mr. Kaushik Chatterjee – AVP – Exchange Clearing cell
Contact No- 022 61069318 / 9920209335
Email Id : chatterjee.kaushik@indusind.com

Office Land line Nos.:
For Exchange operations – +91 22 6106 9316 /
20 / 21 / 89 / 92, 6106 9412 /13 / 15
For RTGS / NEFT – +91 22 6636 6591 / 92,
4921 9143
Email Id: nseclg@indusind.com,
ccmdoperations@indusind.com (for RTGS /
NEFT)
Office Fax No.: +91 22 6106 9414

8. Kotak Mahindra Bank Ltd

27 BKC, 3rd Floor
Plot No. C-27, G Block 
Bandra Kurla Complex
Bandra (E),Mumbai
Maharashtra – 400 051

Contact Persons :
Parag Srivastava – Sr Vice President
Contact No. : 022-61660371/9833773960
Email Id : parag.srivastava@kotak.com 

Mujtaba Nasser – Vice President
Contact No.:022-61660321/9920755025
Email Id : mujtaba.nasser@kotak.com

Manoj Gupta – Assistant Vice President
Contact No. : 022-61660367/ 7678042555
Email Id : manojkumar.gupta1@kotak.com

Office Landline No.: +91 22 6166 0371
Help Desk Mail Id : clgbank@kotak.com
Office Fax No. : +91 22 6725 9065

9. Punjab National Bank

Baba House, Plot No 237 Gr Flr.
27th Road, Bandra (w)
Mumbai – 400050

Contact Persons :

Mr. Sanjeev Makkar – Asstt Gen Manager
Contact No.: 9717920107 / 8433986601 / +91 22 2655 9539
Fax: +91 22 2642 0456
Email Id: bo0082@pnb.co.in / pnbbandra@gmail.com

Mr. Santosh Rawat – Chief Manager
Contact No.: 99673 67287
Email Id: bo0082@pnb.co.in

Mrs. Shefali Kole – Commodity Clearing Manager
Contact No.: 9920701268/ +91 22 – 2641 5729
Fax No.:022-26420456 Fax No.:022-26420456
Email Id: bo0082@pnb.co.in / pnbbandra@gmail.com

Office Landline No.: +91 22 2641 5729
Office Fax No : +91 22 2642 0456
Help Desk Email Id: pnbbandra@gmail.com

10. Tamilnad Mercantile Bank Limited

92, Hemprakash Building,
Ground floor, Kasi Syed Street,
Mandvi, Mumbai – 400003.

Contact Persons :
Mr. M. Sakthivel
Chief Manager
Contact No. :+91 22 2341 5624 / 2341 3140 / 2341 5623 / 2342 8989 / 2340 1205 / 98211 65681
Fax: +91 22 2340 1667
Email Id : mumbai_mandvi@tmbank.in

Mr. P. Senthilkumar
Senior Manager
Contact No. :+91 22 2341 3140 / 2341 5623 / 2340 1205 / 2342 8989 / 9441789711
Fax : 022-23401667
Email Id : mumbai_mandvi@tmbank.in

Help Desk Mail Id :
mumbai_mandvi@tmbank.in

11. Union Bank of India

Capital Markets Cell,
Mumbai Samachar Marg Branch,
66/80 Mumbai Samachar Marg, Fort,
Mumbai 400 023.

Contact Persons :
Mr. C.V. Joshi
Assistant General Manager (Branch Head)
Contact No. : 022-22629399
EMail Id: dgmmsm@unionbankofindia.com

Miss. Tanusri Ghose
Chief Manager
Contact No. : 022-22672131/ 22629303
EMail Id : tanusri@unionbankofindia.com

Mr. Ashish Nehete
Senior Manager
Contact No. : 022-22629332/33/34/35
EMail Id : ashish.nehete@unionbankofindia.com

Office Landline Nos. : +91 22 2262 9332 / 9333
/ 9334 / 9335

12. YES Bank Ltd

Corresponding Address :
24th Floor, Indiabulls Finance Centre,
Tower 2, Senapati Bapat Marg,
Elphistone (West),
Mumbai – 400 013.

Contact Persons :
Mrs. Meeta Bhalerao
Senior Manager – Indian Financial Institutions Banking
Contact No. :  022 – 3347 9045
Fax: +91 22 2421 4513
Email Id : meeta.bhalerao@yesbank.in

Office Landline No. : +91 22 3366 9000
Help Desk Mail Id : contactus@yesbank.in
Office Fax No. : +91 22 2421 4513

Disclaimer for Clearing Banks empaneled with NCCL

Members of the NCCL are hereby informed that before selecting and or appointing any of the Clearing Banks from the list of Clearing Banks empanelled by NCCL, they may have their due diligence done about the Bank they wish to select and / or appoint for clearing and settlement of the transactions done by them on NCCL. The list only indicates the Banks who have established connectivity and network with NCCL and have the necessary infrastructure required to facilitate the clearing and settlement of transactions of the members. In the event of any negligence in providing services and or failure to provide services by any Clearing Bank or any other dispute arising between the member and the Clearing Bank, NCCL shall not be responsible and/or liable for the same.

Maintenance and operation of Clearing account or Settlement Account

  1. Every Clearing Member is required to maintain and operate a Settlement account with any one of the designated clearing bank branches. The clearing account shall be used exclusively for clearing operations i.e., for settling funds and other obligations, payments of margins, penal charges, etc. as may be specified by the Clearing Corporation from time to time.
  2. Clearing members shall irrevocably authorize, as per the format given in prescribed format (Undertaking to be submitted by clearing member to the clearing banks) to the clearing banks to access their clearing account for debiting and crediting their Settlement account as per the instructions of the Clearing Corporation, reporting of balances and other operations / information as may be required by the Clearing Corporation from time to time and furnish to the Clearing Corporation an acknowledged copy of the same along with the account particulars issued by the clearing banks.
  3. A Clearing Member can deposit funds into this account in any form and can withdraw funds from this account only in self-name
  4. A Clearing Member having funds obligation to pay is required to have clear balance in his clearing account on or before the stipulated pay-in day and the stipulated time. .
  5. A Clearing Member shall not seek to close or de-activate the clearing account without the prior written consent of the Clearing Corporation.
  6. The clearing banks shall debit/credit the clearing account of clearing members as per instructions received from the Clearing Corporation from time to time. Any request from the clearing members for revoking the authorization furnished by them shall not be considered by the clearing banks. The clearing banks shall not close the clearing account or permit deactivation of the same without the prior written consent of the Clearing Corporation.
  7. All bank confirmations received from clearing banks on behalf of the members towards margins, funds pay-in, etc. shall be given effect only after receiving a written/electronic confirmation from their respective clearing banks

Procedure for change in Clearing Banks

In case a Clearing Member wants to close a clearing account with one designated clearing bank and open a clearing account with another designated clearing bank, the following procedure is required to be followed.

  1. The Clearing Member shall request NCCL in writing seeking its permission to close a clearing account with one designated clearing bank and to open a clearing account with another designated clearing bank.
  2. The Clearing Member shall submit the said request alongwith No Objection Certificate (NOC) from his existing designated Clearing bank or where the NOC is not received, furnish an acknowledged copy of the NOC request along with a declaration to the effect that no response has been received from the existing clearing bank in respect of the NOC request even after a minimum waiting period of a fortnight.
  3. On opening the clearing account with the other designated clearing bank, the clearing member shall submit to NCCL the documents relating to the new clearing account
  4. NCCL will inform the Clearing Member a date from which the clearing account will be made operational.
  5. Subsequently, NCCL will intimate the Clearing Member a date on which the Clearing Member may close the earlier clearing account.