IFSCA circular dated 27th July, 2021 laying down fee structure for setting up a Depository Participant in the IFSC GIFT City.
- The depository participants have been permitted to operate in GIFT-IFSC in terms of the applicable provisions under SEBI (International Financial Services Centres) Guidelines, 2015, as amended from time to time.
- The fee structure for Depository Participants in GIFT-IFSC shall be as follows:
i. Application fee of USD 500 at the time of application for registration;
ii. Registration fee of USD 2,500;
iii. Fee of USD 2,500 every five years post registration.
- The fees shall be remitted to the following account of IFSCA:
Account Name: International Financial Services Centres Authority
Account Number: 970105000174
Type of Account: USD Current Account
SWIFT Code: ICICINBBIBU
NOSTRO Details: BOFAUS3N, Bank of America, N.A., New York Branch, A/c no: 6550491848