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The International Financial Services Centres Authority establishes the fee structure for depository participants operating in the GIFT-IFSC. The applicant pays an application fee of USD 500 when applying for registration. The applicant pays a registration fee of USD 2,500. The participant pays a fee of USD 2,500 every five years after registration. The participant sends all payments to the designated USD current account of the authority.
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[Image omitted. See the official document.]
CIRCULAR
F. No. 286/IFSCA/CMD-DMIIT/DP/2021/1
July 27, 2021
To,
All Depositories in the International Financial Services Centre (IFSC)
Dear Sir/Madam,
Sub: Fee structure for Depository Participants (DP) operating in GIFT-IFSC
The depository participants have been permitted to operate in GIFT-IFSC in terms of the applicable provisions under SEBI (International Financial Services Centres) Guidelines, 2015, as amended from time to time.
The fee structure for Depository Participants in GIFT-IFSC shall be as follows:
Account Name: International Financial Services Centres Authority
Account Number: 970105000174
Type of Account: USD Current Account
SWIFT Code: ICICINBBIBU
NOSTRO Details: BOFAUS3N, Bank of America, N.A., New York Branch, A/c no: 6550491848
Yours faithfully,
Praveen Kamat
Deputy General Manager
Division of Market Infrastructure Institutions & Technology
Capital Markets Department
email: praveen.kamat@ifsca.gov.in
Tel: +91-079-61809820
