Commodity Exchange Business

Enjoy a wide range of services for your commodity market business, from clearing bank services to payment gateways. Benefit from HDFC Bank’s position as the leading clearing bank for several commodity and power exchanges.

Ease your day-to-day requirements with our working capital services, such as bank guarantees favoring exchanges, overdraft facilities, letters of credit and several more offerings. Optimise your business’s fund collection and disbursal with our cash management services. Also minimise delays due to paperwork and cheques by paying excise and service tax for all commission rates online.

Get real-time online access to your accounts via E-Net, or choose to operate your account via on facsimile (with prior indemnity). Receive support in the evenings for additional capital confirmation at Kanjur Marg, Mumbai.

Manage all your banking facilities easily with help from our relationship managers and get operations support at our dedicated branch.

Commodity and power exchanges

Get access to our complete menu of services if you are a member of any of the following commodity or power exchanges:

• Multi Commodity Exchange of India Limited (MCX)
• National Commodity & Derivatives Exchange Limited (NCDEX)
• National Multi Commodity Exchange of India Limited (NMCE)
• Indian Commodity Exchange Limited (ICEX)
• Indian Energy Exchange Limited (IEX)
• Power Exchange India Limited (PXIL)

Payment gateways

Develop a new revenue stream when you use our payment gateway or payment interface to build your online trading portal, based on the exchange of XML messages between the bank and the external entity. Ensure safe and secure transactions as they are routed through designated bank accounts of the originator and beneficiary of the transactions.

Choose from two payment gateway models, designed keeping in mind the needs of brokerage businesses. Make payments easier for your customers with the External Payment Interface or EPI, especially for customers with NetBanking-enabled HDFC Bank accounts.

Facilitate payment of partial funds for execution of trades with the E-broking option (server to server). Use online transactions to place funds on hold, block, release and transfer funds on request. Additionally, receive funds from non-resident clients.

ENet™

Enjoy automated banking solutions from ENet™, especially designed for stock and commodity brokers. Transfer funds quickly from the comfort of your office to settlement accounts for meeting exchange deadlines or as additional capital. Also receive faster payouts from the exchange and speedily transfer from your settlement account to your client’s accounts. Bid goodbye to paperwork as you remit to your customers’ accounts in any of the HDFC Bank branches on one-to-one basis or bulk-upload basis without issuing cheques.

Salary accounts

Offer your employees a host of benefits when you open a corporate salary account, such as NetBanking, Phone Banking, MobileBanking, debit cards (valid in 140 countries), Bill Pay, free demand drafts and preferential interest rates on personal loans. Save time and effort on salary processing by uploading a file on our CMS - disbursement module, and improve productivity by crediting employees’ salaries across the country at one time.

For more details, write in to us at Capitalmarkets@hdfcbank.com