The National Stock Exchange (NSE) on July 15, 2026, issued circular on Maintenance and Operation of Clearing Bank Account.
The circular refers to the consolidated circular dated April 30, 2026, regarding the procedure of funds pay-in and pay-out. It provides guidance to clearing members on the prescribed letter formats to be submitted to and from their respective clearing banks for the proper maintenance and operation of clearing bank accounts.
It outlines specific annexures required for different purposes, including new member enablement (Annexures 1 & 2), changes in settlement accounts (Annexures 1–4), closure of accounts (Annexure 5), and name changes (Annexure 6). Members must use the relevant annexures depending on the type of request being made.
Additionally, members are required to follow a standardized naming convention for settlement accounts. The primary account should be named as “<Member Name> <Segment> NCL Settlement Account,” while the secondary account should be named as “<Member Name> <Segment> NCL Secondary Settlement Account.”
[Circular No. 0251/2026]
