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Fees and Deposit Structure

Check the Fees and Deposit Structure to Become a member at NCDEX.

Sr. No Particulars Trading Member (TM)
 (In Rs.)
Trading cum Clearing Member (TCM) (In Rs.) Strategic Trading cum Clearing Member (STCM) ( In Rs) Professional Clearing Member (PCM)(Member of NCCL) (In Rs.)
1. Minimum Net worth For Non-Corporate (Individuals/Partnership Firm/LLP/ HUF) - Rs. 10 Lakh 100.00 Lakh 300.00 Lakh 1000.00 Lakh
For Corporates - Rs.25 Lakh
2. Base Capital (NCCL)
i) Interest Free Cash Security Deposit
Not Applicable 25.00 Lakh 20.00 Lakh 25.00 Lakh
ii) Collateral Security Deposit Not Applicable 25.00 Lakh 50.00 Lakh 25.00 Lakh
3. Base Minimum Capital (NCDEX)
i) Interest Free Cash Deposit
2.50 Lakh 2.50 Lakh 6.25 Lakh Not Applicable
ii) Collateral Deposit 7.50 Lakh 7.50 Lakh 18.75 Lakh Not Applicable
4. Interest Free Security Deposit (IFSD) (NCDEX)
(in the form of cash only)
10 Lakh 10 Lakh 10 Lakh Not Applicable
5. Admission Fee (one time, non-refundable) (NCDEX)
(With applicable Tax)
5.00 Lakh 5.00 Lakh 5.00 Lakh 5.00 Lakh
6. Annual Membership Fees (NCDEX)
(With applicable Tax)
0.20 Lakh 0.75 Lakh 1.00 Lakh 1.00 Lakh
7. SEBI Registration Fees Rs. 0.50 Lakh Rs. 0.50 Lakh Rs. 0.50 Lakh Rs. 0.50 Lakh
8. SEBI Annual Regulatory Fees Not Applicable Rs. 0.50 Lakh Rs. 0.50 Lakh Rs. 0.50 Lakh
Notes
  • Application Processing Fees: Rs. 2,000/- plus applicable Tax.
  • If TCM is clearing through STCM/PCM, the member will have to maintain a base capital of Rs. 50 Lakh with the NCCL in the form of cash only.
  • No exposure will be allowed on IFSD (refer circular no NCDEX/MEMBERSHIP-018/2018/190 dated August 02, 2018) and Base Minimum Capital (refer circular no. NCDEX/RISK-022/2015/319 dated October 05, 2015 and NCDEX/RISK-033/2016/207 dated September 02, 2016).
  • All clearing members required to maintain a Minimum Liquid Networth of Rs 50 lakh at all points. Kindly refer to circular no. NCDEX/RISK-014/2018/194 dated August 07, 2018.No exposure will be allowed on the same.
    Kindly refer to circular no.NCDEX/RISK-014/2018/194 dated August 07, 2018. No exposure will be allowed on the same.
  • BMC requirement is Rs 50 Lakh for Algo Trading Facility.
Other requirement
Sr. No Particulars Trading cum Clearing Member (Rs) (TCM) Strategic Trading cum Clearing Member ( Rs) (STCM) Professional Clearing Member (PCM) Trading Member (Rs.) (TM)
(Without CTCL Facility) (With CTCL Facility)
1. CTCL Facility Allowed Allowed - Not allowed Allowed
2. 4 type of Bank Accounts (Settlement A/c , Exchange Dues A/c, Own Account , Client Bank Pool A/c) All 4 type of accounts are Mandatory All 4 type of accounts are Mandatory Settlement A/c and Exchange Dues A/c Mandatory Two separate Bank A/cs - For Client Trade and Own Trades Two separate Bank A/cs - For Client Trade and Own Trades
3. Comtrack Accounts Mandatory Mandatory Mandatory - -
4. Fidelity Insurance policy Mandatory for clients' trade Mandatory for clients' trade Not mandatory Mandatory for clients' trade Mandatory for clients' trade

Membership registration documents for new member

Membership registration documents for SEBI registered members