IFSCA circular · 07 Mar 2025
CIRCULAR IFSCA-FCR0FCR/3/2023-Banking/2024-25/002 March 07, 2025 To, All ITFS operators in IFSC/ Applicants desirous to set up an ITFS in IFSC Dear Sir/Madam, Subject: Fee structure for ITFS operators/ Applicants desirous to set up an ITFS in IFSC 1. Reference is drawn to Clause 22 of the circular on “Guidelines on set…
[Image omitted. See the official document.]
CIRCULAR
IFSCA-FCR0FCR/3/2023-Banking/2024-25/002
March 07, 2025
To,
All ITFS operators in IFSC/ Applicants desirous to set up an ITFS in IFSC
Dear Sir/Madam,
Subject: Fee structure for ITFS operators/ Applicants desirous to set up an ITFS in IFSC
Reference is drawn to Clause 22 of the circular on “Guidelines on setting up and operation of International Trade Finance Service Platform, 2024” dated December 23, 2024.
The following fee structure shall be applicable to all ITFS operators/applicants desirous of setting up an ITFS with effect from April 01, 2025:
| Sr. No. | Entities | Application fee | Registration fee | Recurring fee | Activity based fee | Processing fee | |||
|---|---|---|---|---|---|---|---|---|---|
| Type of fee | Amount | Conditional | Modification of terms and conditions of grant of registration | Relaxation/ waiver of guidelines | |||||
| Basis of Fee: Annual Turnover* | Amount | ||||||||
| 1 | ITFS operator | $1000 | Registration | $10000 | <= $ 25 million | $ 3000 | Nil | 20% of registration fee | $500 |
| >$ 25 million to <= $ 50 million | $ 5000 | ||||||||
| >$ 50 million to <= $ 100 million | $ 7000 | ||||||||
| >$ 100 million to <= $ 200 million | $ 10000 | ||||||||
| >$ 200 million | $ 15000 | ||||||||
* Turnover refers to the value of transactions on the ITFS platform.
[Image omitted. See the official document.]
All other provisions of the circular on “Fee structure for the entities undertaking or intending to undertake permissible activities in IFSC” dated May 17, 2023 (as amended) shall continue to apply.
This circular is issued in exercise of powers conferred by section 12 and 13 of the IFSCA Act 2019, to develop and regulate the financial products, financial services and financial institutions in the IFSCs.
A copy of this circular is available on the website of the IFSCA at www.ifsca.gov.in/circular
Yours faithfully,
Riddhi Bhandari General Manager Department of Banking
