Commodities Exchange Business

Introduction

Take advantage of a variety of services tailored for your commodity market business, including clearing bank services and payment gateways. Benefit from HDFC Bank’s leading role as the top clearing bank for multiple commodity and power exchanges.

Benefits Of the Commodity Exchange Business Services

Customised solutions

  • Simplify your daily operations with our working capital services, including bank guarantees favoring exchanges, overdraft facilities, letters of credit, and more. Streamline fund collection and disbursement with our efficient cash management solutions. Additionally, reduce delays with online payment options for excise and service tax at competitive rates.
  • Access your accounts in real-time online through E-Net or operate via facsimile with prior indemnity. Evening support for additional capital confirmation is available at Kanjur Marg, Mumbai. Simplify banking with our relationship managers and dedicated branch operations support.
Customised solutions

Commodity and Power Exchanges

As a member of any of the following commodity or power exchanges, you can access our full range of services:

  • 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)

SmartHub Government

Payment Gateways

  • Maximise revenue potential by integrating our payment gateway or payment interface into your online trading portal. Utilise the secure exchange of XML messages between the bank and external entities for safe transactions routed through designated bank accounts of both originator and beneficiary.
  • Select from two tailored payment gateway models to meet the specific needs of brokerage businesses. Simplify customer payments using the External Payment Interface (EPI), especially designed for those with NetBanking-enabled HDFC Bank accounts.
  • Streamline trade payments with the E-broking option, enabling partial fund payments via server-to-server transactions. Manage online transactions efficiently to hold, block, release, and transfer funds as needed. Additionally, accept payments from non-resident clients seamlessly.

 

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ENet™

  • Experience seamless banking with ENet™, tailored for stock and commodity brokers. Quickly transfer funds from your office to settlement accounts to meet exchange deadlines or boost capital. Enjoy rapid payouts from the exchange and transfer from your settlement account to client accounts with ease. Eliminate paperwork by remitting to customer accounts at HDFC Bank branches through one-to-one or bulk-upload methods without issuing cheques.
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Salary Accounts

  • Provide your employees with a range of benefits through a corporate salary account, including NetBanking, Phone Banking, MobileBanking, international debit cards, Bill Pay, free demand drafts, and preferential interest rates on personal loans. Simplify salary processing by uploading a file on our CMS - disbursement module, enabling efficient nationwide salary crediting in one go. For more details, contact us at Capitalmarkets@hdfcbank.com.

 

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FAQs

As a clearing bank for India’s leading commodity exchanges, HDFC Bank provides financial and banking services to all participants in the commodity trading value chain. These services include clearing bank services and payment gateways, allowing businesses to manage their day-to-day requirements efficiently.

Commodity exchanges facilitate trading commodities such as agricultural products, metals, and energy resources. They provide a platform where buyers and sellers can trade standardised contracts for these commodities, ensuring price discovery, liquidity, and risk management. Exchanges also regulate trading activities to maintain transparency and integrity in commodity markets.

Yes, trading commodities on exchanges can be profitable for investors who understand market dynamics, manage risks effectively, and make informed trading decisions based on thorough research and analysis.