Investor Presentaiton
International Financial Service Centre (IFSC)
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An IFSC caters to the customers outside the jurisdiction of domestic economy. Such centers deal with the
flow of finance, financial products and services across the borders.
What is IFSC?
IFSC as envisaged under the Indian context "is a jurisdiction that provides financial services to non-
residents and residents (Institutions), in any currency other than Indian Rupee (INR)".
➤ IFSC is set-up to undertake financial services transactions that are currently carried on outside India by
overseas financial institutions and overseas branches / subsidiaries of Indian financial institutions.
IFSC in India
➤In India, an IFSC is approved and regulated by the Government of India under the Special Economic Zones
Act, 2005.
➤ Government of India has approved GIFT City as a Multi Services Special Economic Zone ('GIFT SEZ') and
has also notified this zone as India's IFSC.
The launch of the IFSC at GIFT City is the first step towards bringing financial services transactions
relatable to India, back to Indian shores.
➤ IFSC unit is treated as a non-resident under extant Foreign Exchange Management regulations.
Khandhar Mehta & Shah | Chartered Accountants
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