Business Fx Retail | South Indian Bank

FX-Retail

FX-Retail is an online platform that allows both retail and corporate customers to book foreign exchange in real time. Customers can register once through the portal www.fxretail.co.in and execute foreign exchange transactions by approaching the bank for trade limits and mark-ups.

The platform is introduced by Reserve Bank of India (RBI) and developed by Clearing Corporation of India Ltd. (CCIL).

Features & Benefits
Available for All Customers	Open to Individuals, Sole Proprietorships, Partnerships, and Companies Customers can buy or sell USD against INR with the following settlement options: Cash Basis (Same-day settlement) TOM (Next forex working day settlement) SPOT (Second forex working day settlement)
No Cap on Transactions	Unlimited number of transactions per customer Transactions must stay within the overall limit set by the bank

Features & Benefits

Available for All Customers

Open to Individuals, Sole Proprietorships, Partnerships, and Companies
Customers can buy or sell USD against INR with the following settlement options:
- Cash Basis (Same-day settlement)
- TOM (Next forex working day settlement)
- SPOT (Second forex working day settlement)

No Cap on Transactions

Unlimited number of transactions per customer
Transactions must stay within the overall limit set by the bank

How to Register

Visit www.fxretail.co.in
Click on ‘REGISTER HERE’ and enter your details, including bank account information
The bank will review your details for approval
Upon approval, you will receive login credentials via your registered email
Start trading from the next forex working day

How to Execute a Transaction

Submit the FX-Retail Application Form to the bank for limit approval
The bank will set your eligible limit and mark-up
Once approved, you can place orders on the FX-Retail platform
Upon confirmation, transaction details will be sent via email & SMS
Customers must share deal details with the bank for successful transaction completion

Fees & Charges

Registration Charges

Customer Type	Charges (Rs.)	One-Time Admin Fee (Rs.)
Individual	300	100
Non-Individual	1000	300

Note: GST is applicable on all charges.

Transaction Charges

Monthly Turnover (USD)	Charges (% of total INR value)
Less than 200 million	0.0004%
200 million – 350 million	0.0003%
350 million – 500 million	0.0002%
Above 500 million	Nil

GST is applicable on transaction charges.

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