a. Introduction:Fx-Retail platform is designed specifically for retail customers to offer Transparent and Competitive Forex Rate pricing. The platform is used to Buy or Sell USD/INR. Platform is regulated by the Clearing Corporation of India Limited (CCIL) and the Reserve Bank of India (RBI).
b. Accessibility:
- The Fx-Retail platform can be accessed through link https://www.fxretail.co.in.
- Register on the platform by selecting relationship bank as Punjab and Sind Bank and filling account number and IFSC code mapped with your account.
- Once registered, your details would be forwarded to us for verification and approval.
- Upon approval, you would receive your login credentials (ID and password).
- (Please contact your AD Branch for further details on terms and conditions before registration) .
c. Fx-Retail Platform Fees and Charges:
| Schedule of Fees and Charges |
| Particulars |
Charges |
| Onetime Customer Registration Charges |
|
| a. Individual (Resident), Non-Resident Individual, Sole Proprietorship and Hindu Undivided Family |
NIL |
| b. Other Categories |
RS.1000* |
| Transaction Charges |
|
| Monthly Turnover |
Charges (applicable on the total INR Value) |
| a. Turnover < USD 200 million |
0.0004% |
| b. Turnover>= USD 200 million & < USD 350 million |
0.0003% |
| c. Turnover>= USD 350 million & < USD 500 million |
0.0002% |
| d. Turnover>= USD 500 million |
NIL |
# GST is applicable on the above charges
