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A woman using laptop at home; image used for HSBC FX retail platform

FX Retail

It’s an electronic trading platform for buying or selling foreign exchange introduced by the Reserve Bank of India.

Temporary Cut-off Timings for FX Retail:

  1. Inward Remittance: The Bank shall initiate processing of an inward remittance Transaction on the same Business Day of receiving an inward remittance from the Customer if:
    1. Clear funds are received and is available for processing by the Bank before 10:30 AM on a Business Day; and
    2. Post receiving a confirmation of receipt of funds by the Bank, the Transaction is booked on the System by the Customer before 1:00 PM on the same Business Day.
  2. Outward Remittance: The Bank shall initiate processing of an outward remittance Transaction on the same Business Day of receipt of a request from the Customer if:
    1. All documentation and other requirements in relation to outward remittance, as stipulated by the Bank, has been completed to its satisfaction before 10:30 AM on a Business Day; and
    2. Post receiving confirmation from the Bank about completion of documentation, the Transaction is booked on the System by the Customer before 1:00 PM on the same Business Day.

How to register for FX Retail?

  • Visit https://www.fxretail.co.in/#/login
  • Complete the registration form
  • Provide the name of your Relationship Bank at the time of registration
  • Once registered, your details would be forwarded to the Relationship Bank that you provide at the time of registration, for verification and approval
  • Once approved, you would receive your login credentials (ID and Password)

For more information, visit the Clearing Corporation of India Ltd. (CCIL) website, www.ccilindia.com

The FX-Retail Platform is owned and operated by Clearcorp Dealing Systems (India) Limited.

Why choose FX-Retail platform?

  • It provides for an anonymous and order driven dealing in the USD/INR currency pair
  • Here, buyers and sellers are matched based on the price they quote thereby facilitating fair and transparent pricing
  • You can directly deal on the platform and have access to current rates, thus moving from phone based to electronic booking of FX rates
  • HSBC India will be the processing/settlement bank, wherein even if you are buying or selling currency to a third party, we will help in processing the transaction
  • The FX-CLEAR Inter-Bank Spot rates would also be available to you for viewing purpose

How to register for FX Retail?

  • Visit https://www.fxretail.co.in/#/login
  • Complete the registration form
  • Provide the name of your Relationship Bank at the time of registration
  • Once registered, your details would be forwarded to the Relationship Bank that you provide at the time of registration, for verification and approval
  • Once approved, you would receive your login credentials (ID and Password)

For more information, visit the Clearing Corporation of India Ltd. (CCIL) website, www.ccilindia.com

The FX-Retail Platform is owned and operated by Clearcorp Dealing Systems (India) Limited.

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