FAQs

FAQs in English FAQs in Hindi

Commodity

• What is Commodity Market?

  Products used for commerce that are traded on a separate, authorized commodities exchange. Commodities include agricultural products and natural resources such as timber, oil and metals. Commodities are the basis for futures contracts traded on these exchanges. It is classified as follows:
  

  • Agricultural Commodity (Agro)

    An Agricultural Commodity includes food grains, oilseeds complex, sugar, plantation crops, horticulture crops etc.

  • Non-Agricultural Commodity

    Non-Agro commodity includes base metals, precious metals etc.

• Who regulates the commodity market?

  Just as SEBI regulates the stock market, Forward Markets Commission (FMC) regulates commodity market.

• What are the timings for trading in Commodity?

  Monday to Friday
  Trading on exchange platform takes place on all days of the week (except Saturdays, Sundays and holidays declared by the Exchange) Market timings are as follows:
  

  WEEKDAYS
  Agri Commodities	10:00 a.m. to 5:00 p.m.
  Bullion, Metals, Crude Oil and Internationally linked Agri Commodities	10:00 a.m. to 11:30 p.m.

• In which Exchange trading in Commodity is allowed?

  You can trade in below two Exchanges through IIFL. They are:
  

  • Multi Commodity Exchange of India Ltd., Mumbai (MCX). www.mcxindia.com
  • National Commodity and Derivative Exchange, Mumbai (NCDEX). www.ncdex.com

• How does settlement take place in Commodity?

  • Daily MTM will be cash-settled by exchange on T+1 basis i.e., next working day after the trading day.
  • However in case of delivery, the settlement date may be five to seven days after the expiry as per contract specifications and Exchange rules.
  • It is mandatory to open an account in COMTRACK ® with any of the listed COMTRACK® Participant for receiving and tendering commodities trading through NCDEX system since the pay-out would be received in the designated COMTRACK® account only.

• Is delivery of commodities available? Is it compulsory?

  Yes. But it depends on the intention of buyer & seller and varies on the type of contracts. The buyer and the seller have to express their intention for delivery. Deliveries would be matched randomly at client level open positions. Contracts not assigned for delivery would be settled in cash as per the Final Settlement Price (FSP).

• What is the link to access my account?

  https://ttweb.indiainfoline.com/Trade/Login.aspx .

• How can I update my mobile number/email ID?

  • Click here to download the form.
  • Please fill the form and send it to the below address along with a self attested PAN card copy:
  • Modification Department:
    India Infoline Limited
    IIFL House, Sun InfoTech Park,
    Road No. 16V, Plot No. B-23,
    MIDC, Thane Industrial Area,
    Wagle Estate, Thane - 400604.
  • You can also submit the forms at any of nearest branches.

• Can I update mobile number/email id online?

  • Yes. You can change the mobile number / Email ID online.
  • Please follow the below mentioned process to change the mobile number/email id online:
    • Login to ttweb.indiainfoline.com
    • Click on "My Account"
    • Click on "Profile" » Enter the details » Edit.

• Can I change the mobile number/email id through email or soft copy basis?

  No. We require hard copy to change mobile number/email id.

• How can I change my address in trading account?

  We request you to follow the below mentioned steps to change the address:
  

  • You need to submit self attested Address Change letter. Click here to download the form
  • Self attested address proof is required
  • Self attested KRA form is required. Click here to download the form
  • Submit the documents at the below address:
    IIFL House, Sun Infotech Park,
    Road No. 16V, Plot No. B-23,
    MIDC, Thane Industrial Area,
    Wagle Estate, Thane - 400604
    

• Whether TT password for equity and commodity account will be different?

  No. TT password for equity and commodity account will be the same.