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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.
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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:
Direct settlement for following banks will be done on best effort basis.
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
