The India International Depository IFSC Ltd. (IIDI) on July 03, 2026, issued a circular regarding Non-Operational Status of Bullion Demat Accounts Maintained with IIDI.
The following has been stated:-
•Bullion demat accounts maintained directly with IIDI that were not closed by June 30, 2026, have become non-operational from July 01, 2026.
•All bullion settlement obligations must now be routed only through active bullion demat accounts with IIDI-registered Depository Participants (DPs).
•Clients who have not yet opened a DP-held bullion demat account should do so immediately.
•Clients are also advised to close their old IIDI-maintained bullion demat accounts as soon as possible, and DPs must ensure compliance.
[Circular No.: IIDI IFSC/Bullion/2026-27/ 039]
