CCIL FX RETAIL
- RBI in its “Statement on Developmental and Regulatory Policies” dated June 06, 2019 announced the introduction of a Foreign Exchange Trading platform for buying and selling foreign exchange for the Customers of Banks.
- The platform was rolled out on 05/08/2019.
- RBI highlighted the advantage of transparency and better pricing for the customers.
- TJSB Bank is offering this facility through all category A &B branches.
- Nominal administrative charges are levied by TJSB for this facility.
- CCIL notifies its charges at https://www.ccilindia.com/AboutUs/Documents/Schedule of Fees and Charges.pdf
- A separate Registration portal https://www.fxretail.co.in is provided by CCIL.
- The user credential which includes a login name and password will be provided by CCIL.
- The Cash, Tom, Spot and Forward orders placed by the Customers.
- The Customer is allowed to place orders based on the limits set by the Relationship Bank.
- Moving from phone based trading to electronic trading.
- Web based forex dealing in USD/INR
- Customers need to apply with required details at https://www.fxretail.co.in by selecting TJSB Bank as relationship bank.
- Customer to submit signed printout of above application together with the request letter to its home Branch.
- After successful activation customer can login at FX-Retail website through email/mobile number and obtained password.
- Before anything, we advise customer to go through FX-Retail manual available through question mark icon in top right main window of platform after login.
- Customer after receiving go ahead (compliant documentation of a given transaction) from category A or B branch can book rate as per steps indicated in above manual. Customer to forward deal ticket (available in trades window) of FX-Retail to category A or B branch.