Resource
Refer to the official IFSCA platform for detailed regulations. We simplify it for your ease.
Invest Seamlessly in GIFT City’s IFSC:
Global Banking Starts Here
Smart, tax-efficient, and regulation-ready investments with GiftCityAdvisor.
What is IFSCA?
IFSCA is the unified regulator for all financial services in India’s International Financial Services Centre (IFSC), GIFT City. It oversees banking, insurance, capital markets, and fund management operations.
Why Invest via IFSC (GIFT City)?
- Tax Benefits: 100% tax exemption for 10 consecutive years out of 15.
- Global Currency Transactions: Easily transact in foreign currencies like USD, EUR, etc.
- Repatriation-Friendly: Full capital and profit repatriation allowed.
- Ease of Business: Relaxed norms compared to domestic banking.
- Global Market Access: Operate like an offshore unit while staying in India.
Banking Business You Can Do in IFSC
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Wholesale Banking Unit (WBU)
For cross-border trade, external commercial borrowings, and large corporates.
Retail Banking Unit (RBU)
For NRIs, foreign citizens, and IFSC employees to open foreign currency accounts.
Digital Banking Units
Provide services via fully digital infrastructure.
How to Set Up a Banking Unit in IFSC?
Setting up a banking unit in the International Financial Services Centre (IFSC), GIFT City, involves a structured yet investor-friendly process. Designed to promote global financial participation, IFSC enables Indian and foreign banks to operate in a simplified regulatory environment governed by IFSCA.
Here’s a step-by-step guide:
Scheduled Commercial Banks in India
Foreign Banks (with 5 years+ track record)
Wholly Owned Subsidiaries of Foreign Banks
Application Form (Annexure A)
Business Plan for 3 years
KYC/AML Policy
Details of compliance and risk systems
Want to know how long your setup will take?
Try the Licensing Timeline ToolUse our real-time Licensing Timeline calculator — we analyze your needs and provide a personalized estimate.
Try the Licensing Timeline Tool.
Want to open your IFSC Banking Unit or invest in GIFT City?
Reach out via the “Contact Us” button or connect with us on WhatsApp now!
Want to See What You Gain? Try hese Free Tools
Use our Free Investment Calculator’s to see how much you can save and earn by operating from Gift City and Gift City Advisory.
Tax Savings Estimator
Discover how much tax you can save by setting up in GIFT City.
Licensing Timeline
Get a clear, step-by-step timeline to complete your GIFT City business registration smoothly.
Regulatory Fit Checker
Quickly check if your business model aligns with GIFT City’s regulatory framework and benefits.
Regulatory Highlights
Operating under the International Financial Services Centres Authority (IFSCA), banking units in GIFT City benefit from a progressive regulatory framework aligned with global best practices. From capital flexibility to digital onboarding and simplified compliance, IFSC offers an ecosystem built for innovation and international scale.
Capital Requirement
Minimum USD 20 million for a WBU
(May vary by entity type and service scope)
Prudential Norms
Basel III compliance, Risk-based KYC norms, IFRS reporting optional
Digital Banking
Fully online customer onboarding allowed
API integrations for cross-border payments
Services We Offer as Your
GiftCityAdvisor
At GiftCityAdvisor, we simplify the complexity of setting up in GIFT City by offering personalised, end-to-end support for IFSCA registration, compliance, and expansion. Whether you’re a global fund, bank, startup, or NRI investor, our solutions are tailored to your journey.
| Service | Description |
|---|---|
| Eligibility Assessment | We evaluate if your business qualifies for IFSC setup |
| Documentation & Filing | Complete end-to-end filing, with legal & financial prep |
| Business Plan Guidance | Support in creating a strategic 3-year plan |
| Regulatory Compliance | Ongoing compliance updates and reporting support |
| NRI-Focused Solutions | Customised setup for NRIs or UK-based investors |
| Service | Post-License Advisory , Description: Continued strategic support after registration, including regulatory updates, renewals, and operational guidance. |
Talk to Our Advisors
Let’s make your GIFT City journey smooth and rewarding. Fill out a quick form, and our expert will call you back within 24 hours.