Introduction of this electronic rate booking platform for buying/selling foreign exchange by retail customers of banks (Individuals, Corporates, Trusts, Cooperative Banks, Foreign Portfolio Investors, Foreign Institutional Investors etc.)
FX-Clear platform provides access to the ongoing SPOT rates in the Inter-bank market, furthermore customers can book for value CASH (delivery on the same day), TOM (delivery on the next forex working day) and SPOT (delivery on the second forex working day).
Providing the benefit of placing the trades at the customer’s own time and convenience. Customers can currently place orders for USD/INR currency pairs only.
There is no cap on the number of transactions per customer during a day. The total amount of transactions of a customer shall be subject to the limit assigned by HDFC Bank. Further, the transaction charges levied by CCIL are waived off for transactions up to USD 50,000 per day.