Trading Members are requested to take note that Exchange shall be accepting Fixed Deposit Receipts in electronic form (E-FDR), issued by HDFC Bank in favor of BSE Limited towards Base Minimum Capital (BMC) with effect from September 1, 2018.
The process for issuance of E-FDR shall be as follows:
· Apply to bank for creation of an E-FDR along with required documents and information such as name of the trading member, member code, amount, tenure, etc.
· Instruct the bank to mark lien in favour of BSE Limited
· Bank shall issue the E-FDR as per trading member’s instructions
· Bank will then update and confirm the E-FDR information electronically to BSE
The process for withdrawal of E-FDR shall remain the same as the existing process for withdrawal.
In case any clarification is required, members may contact any of the following officials:
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Name of the officials
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Contract No.
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Email Address
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Ms. Savita Deshmukh
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22728024
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membership.ops@bseindia.com
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Mr. Jitendra Doshi
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22728275
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For and on behalf of BSE Limited
Johnson Chiriyath Jitendra Doshi
Deputy General Manager Senior Manager
Membership Operations Membership Operations
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