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Capital & Commodity Market Brokers

HDFC Bank offers financing to brokers in capital & commodity markets to meet working capital, exchange-related and margin needs.

We are a clearing bank for many of the leading stock and commodity exchanges in India, and we have a team of experienced professionals who can help clearing members meet their financial obligations.

Capital Market Brokers

Easily meet your working capital needs and exchange obligations
  • expertBenefit from the expertise of HDFC Bank, which is a clearing bank for India’s leading exchanges
  • genericGet structured and customised products to meet your needs
  • collateralFulfil your exchange and margin-related obligations with specialised products
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Commodity Market Brokers

Fund your short-term cash needs with a range of products
  • Manage working capital with bank guarantees and letters of credit
  • Improve collection and disbursement efficiency with our cash management services
  • Offer online trading through our payment gateways
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Penal Fees & Charges


Please note the following Penal fees & charges applicable based on the instance. This is also communicated in our offer/ sanction letter.


Sr. No.

Instance

Charges per instance

1

Late payment penal charge/s on delayed payment of EMI(s)

Up to 2% p.m. penal charge (from date of default to regularisation) – computed in absolute terms + relevant GST will be applicable on the outstanding EMI amount(s) per month on a cumulative basis.

2

Delay in submission of documents for disbursement or renewal of facilities on time

Up to 2% p.m. penal charge (from date of overdue to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines.


Not applicable on ODFD, 100% FD backed facility/ies, PSR & DRUL lines.

3

Delay in submission of Letter Acknowledging their Debt (LAD) 

Up to 2% p.m. penal charge (from date of overdue to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines.

4

Non-compliance/ Breach of facility covenants

Up to 2% p.m. penal charge (from date of default to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines.

5

Non-submission or delay in submission of Insurance for Property/ Stock/ Plant & Machinery held as collateral for facilities.

Up to 2% p.m. penal charge (from date of policy expiry to regularisation) – computed in absolute terms + relevant GST will be applicable on the sum of limits of revolving lines and or principal outstanding of non-revolving lines.


Not applicable on ODFD, 100% FD backed facility/ies, PSR, DRUL and or lines where the said collateral is not pertinent.

6

Non-submission or delay in submission of Stock Statement(s)

Up to Rs. 5,000/- + relevant GST per delayed submission. If the submission isn’t received within 15 days from the submission due date, Bank will drop the drawing power on the facilities.


Not applicable on ODFD, 100% FD backed facility/ies, PSR, DRUL & Non-DP backed lines.

7

Incremental Interest on Temporary Overdrafts (TOD) 

Up to 1.5% p.m. + relevant GST computed in absolute terms on the TOD amount availed for the days, TOD is used.

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