Download Reference No: NSE/CMPT/4334





Reference No:  NSCC/F&O/C&S/219                                             August 12, 2003


                                                  Sub: List of Approved Banks


Further to our circular no.NSCC/F&O/C&S/200 dated June 17, 2003, the following bank has been removed from the list of Approved Banks for issuance of Bank Guarantees / Fixed Deposit Receipts for F&O Segment towards Security Deposit and Margins/ Additional Base Capital.


Sr. No

Bank Name


Toronto Dominion Bank


Members may please note that consequently, any new Bank Guarantee/Fixed Deposit Receipts or renewal of the existing Bank Guarantee/Fixed Deposit Receipts issued by the above mentioned Bank shall not be accepted henceforth.


The following bank has been approved for issuing Bank Guarantee/Fixed Deposit Receipts for F&O Segment towards Security Deposit and Margins.


Sr. No

Bank Name


Kotak Mahindra Bank Ltd


Members are further requested to note that the minimum value of FDR that may be accepted from all the approved banks shall be Rs.2 Lacs. Existing FDRs shall, however, continue till maturity and no further renewal of the same shall be accepted.


Accordingly, Annexure 18 of circular no. NSCC/F&O/C&S/200 dated June 17, 2003 is replaced with the current Annexure as enclosed below, containing the list of approved banks therein.


This circular shall be effective with immediate effect.


For National Securities Clearing Corporation Limited



Prashant Bhatnagar








Public Sector Banks

1.      Allahabad Bank

2.      Andhra Bank

3.      Bank Of Baroda

4.      Bank Of India

5.      Bank Of Maharashtra

6.      Canara Bank

7.      Corporation Bank

8.      Dena Bank

9.      Indian Bank

10.  Indian Overseas Bank

11.  Oriental Bank Of Commerce

12.  Punjab & Sind Bank

13.  Punjab National Bank

14.  State Bank Of  Mysore

15.  State Bank of Bikaner & Jaipur.

16.  State Bank Of India

17.  State Bank of Indore

18.  State Bank Of Patiala

19.  State Bank Of Saurashtra

20.  State Bank Of Travancore

21.  Syndicate Bank

22.  UCO Bank

23.  Union Bank Of India

24.  United Bank Of India

25.  Vijaya Bank          


Private Sector Banks

1.      Bank Of Punjab Ltd.

2.      Bharat Overseas Bank Ltd.

3.      City Union Bank Ltd.

4.      Development Credit Bank Ltd.

5.      Federal Bank Ltd.

6.      Global Trust Bank Ltd.*

7.      HDFC Bank Ltd.

8.      ICICI Bank Ltd.

9.      IDBI Bank Ltd.

10.  IndusInd Bank Ltd.

11.  Jammu & Kashmir Bank Ltd.

12.  Kotak Mahindra Bank Ltd

13.  Lord Krishna Bank Ltd

14.  Tamilnad Mercantile Bank Ltd.

15.  The Bank of Rajasthan Ltd.

16.  The Catholic Syrian Bank Ltd

17.  The Dhanlakshmi Bank Ltd

18.  The Karnataka Bank Ltd.

19.  The Karur Vysya Bank Ltd.

20.  The Laksmi Vilas Bank Ltd.

21.  The South Indian Bank Ltd.

22.  The United Western Bank Ltd.

23.  UTI Bank Ltd.

24.  Vysya Bank Ltd.


Foreign Banks

1.      ABN Amro Bank N.V.

2.      Bank of America NT and SA

3.      Banque National De Paris

4.      Citibank NA

5.      Credit Agricole Indosuez

6.      Credit Lyonnais India

7.      Deutsche Bank A G

8.      Hong Kong and Shanghai Bank Ltd

9.      JP Morgan Chase Bank

10.  Standard Chartered Bank

11.  The Bank of Nova Scotia



* Note:  Members may please note that no fresh bank guarantees or renewal of the existing bank guarantees issued by Global Trust Bank Ltd shall be accepted by the Exchange \ Clearing Corporation towards base capital or additional base capital in F&O Segment until further notice.