Retail Share Market Participants – New ePayments entrants.
The Share Market Participants too want to enjoy the benefits of the ePayments, especially RTGS and NEFT.
In this regard, Some DP’s have requested CDSL to implement the IFSC [Indian Financial System Code] in the DP system to enable payment through the RTGS [Real Time Gross Settlement] and NEFT [National Electronic Fund Transfer] systems.
In this regard, CDSL has vide its communiqué, CDSL/OPS/DP/1677 Dt.August 13, 2009, to DEPOSITORY PARTICIPANTS, announced the inclusion of the IFSC in the CDSL system with effect from August 22, 2009.
The complete Notification can be accessed at
One practical step by CDSL in this initiative, is the inclusion of the IFSC Master List in it’s Data Base. This way, the IFSC Code provided by the DP Holder can be cross-verified , with the data-base for accuracy.
In fact, it would be practical for DP Participants to install POS Terminals at their premises, to enable DP Holders to remit their dues through Debit/Credit Cards.
This will complete the ePayments Cycle for the DP Participants.
One more step in the journey towards 100% ePayments
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