The India International Depository IFSC Limited (IIDI) on March 23, 2026, issued the notification regarding the Enabling Depository Participants to offer Bullion Depository services.
The following has been stated namely: -
• As per IFSCA guidelines, Depository Participants (DPs) of IIDI can now offer bullion depository services to clients.
• IIDI will stop accepting new demat account applications from the date of the circular, but will process previously received applications.
• All new bullion clients must open demat accounts only with Depository Participants registered with IIDI.
• Existing bullion clients with IIDI must open new demat accounts with a DP and close their old accounts by June 30, 2026.
• From July 01, 2026, IIBX will allow trading only for members/clients holding demat accounts with Depository Participants.
[Notification No. IIDI IFSC/Bullion/2025-26/036]
