India International Depository IFSC Ltd. (IIDI) operates as a unified depository in the International Financial Services Centre (IFSC) at Gujarat International Financial Tec City (GIFT City). IIDI is a foreign depository and caters to a global audience of investors. IIDI operates under the regulatory oversight of International Financial Services Centres Authority (IFSCA) All investors who are eligible / allowed to hold and transact in securities in the IFSC space are identified as Eligible investors. Both Indian resident individuals (under LRS scheme limitations) and foreign entities and non-resident Indians (NRIs) are identified as Eligible investors. In addition to be registered as an FPI (Foreign portfolio investor) a foreign entity can also be a Eligible Foreign investor (EFI) and stay invested in IFSC. An investor will able to hold eligible securities viz. Equity shares of a company incorporated outside India; Depository receipt(s); Debt securities issued by eligible issuers and any other type of security as permitted / allowed by IFSCA.
India International Depository IFSC Limited (IIDI) is a state-of-the-art, International Bullion Depository in the International Financial Services Centre (IFSC) at Gujarat International Financial Tec City (GIFT City). Bullion Depository caters to the Bullion Suppliers (Qualified Suppliers - QS) who can supply the good delivery bullion, Indian resident Jewellers (Qualified Jeweller - QJ) and TRQ Holders (Tariff Rate Quota holders), who can import bullion directly into India through Bullion Exchange (IIBX). Overseas qualified suppliers along with top bullion dealers and jewellers in India have been onboarded by IIDI.
The Bullion is kept in the vaults authorized by the International Financial Services Centers Authority (IFSCA) and empaneled by India International Depository IFSC Limited (IIDI). Bullion on the Exchange is traded in the form of Bullion Depository Receipts (BDRs).
The unique features of the bullion depository are the faster delivery turnaround time through multiple payouts (30 minutes payout cycle with T+0 contracts) and direct payout credit to the Buyer’s account.
Vision of IIDI is To build unified depository at IFSC for all classes of financial assets and create two-way bridge between Indian and Global investors while providing world class sophistication in terms of technology and services.
