Banks for Net Banking Direct Settlement for Mutual Fund Transactions on NSE MF Invest Platform
NSE circular NCL/MFSS/75469 · 30 Jul 2026
Official record
Open source pageSummary
Check the official recordWhat changed
NSE Clearing Limited has updated the list of banks enabled for direct settlement of net banking payments for mutual fund transactions on the NSE MF Invest platform. Participants are informed that payments made through Axis Bank, HDFC Bank, ICICI Bank Limited, IDFC First Bank Ltd, IndusInd Bank, and Kotak Mahindra Bank Limited are settled to the clearing corporation account on the same day. Additionally, direct settlement for the State Bank of India will be processed on a best-effort basis. This circular serves as an update to the previous guidelines issued on November 25, 2025.
What you must do
- Participants are requested to take note of the specified banks for direct settlement.
Who is affected
- All participants using the NSE MF Invest platform for mutual fund transactions.
Document text
NSE Clearing Limited
| SEGMENT: MUTUAL FUND SERVICE SYSTEM | |
|---|---|
| Download Ref No: NCL/MFSS/75469 | Date: July 30, 2026 |
| Circular Ref. No: 278/2026 |
All Participants,
Sub: Banks for Net Banking Direct Settlement for Mutual Fund Transactions on NSE MF Invest Platform
This is with reference to circular NCL/MFSS/ 71454 dated November 25, 2025. In the said circular para “1.2.1. Net Banking” it is mentioned that in respect of net banking payment made from certain banks are settled to clearing corporation account on same day (direct settlement). Participants are requested to take note of following banks for direct settlement:
- Axis Bank
- HDFC Bank
- ICICI Bank Limited
- IDFC First Bank Ltd
- IndusInd Bank
- Kotak Mahindra Bank Limited
Direct settlement for following banks will be done on best effort basis.
- State Bank of India
For and on behalf of NSE Clearing Limited
Onkar Phadnavis Vice President
| Toll Free No | Email id |
|---|---|
| 1800 266 0050 | mfss_clearing@nsccl.co.in |
Regd. Office : National Stock Exchange of India Limited | Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051, India +91 22 26598100 | www.nseindia.com | CIN U67120MH1992PLC069769
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 30 Jul 2026
- Document number
- NCL/MFSS/75469
- Issuing division
- NSE Clearing Limited
- Coverage area
- securities