HDFC Bank Ltd.

NSE International Exchange (NSE IFSC), a wholly owned subsidiary of the National Stock Exchange of India (NSE), in association with HDFC Bank, has launched trading in India’s first Unsponsored Depository Receipts (NSE IFSC Receipts) under the regulatory sandbox framework prescribed by the IFSCA, which will offer Indian retail investors an opportunity to invest in the US Stocks, listed on exchanges like NYSE and NASDAQ, in an easy and affordable way. Following this launch, Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalized Remittance Scheme (LRS) prescribed by the Reserve Bank of India (RBI).  

NSE IFSC Receipts are an innovative first-of-its-kind product offering to Indian Retail Investors, by providing them with an opportunity to diversify their investment in top performing companies of global economies. NSE IFSC Receipts will make the entire process of investment in global stocks seamless and at a low cost. Investors will be provided with an option to trade in fractional quantity when compared to the underlying shares traded in global markets.  Starting with US Stocks, NSE IFSC will soon widen its offering to other global markets.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.