BDR Creation Process

Bullion Depository Receipt (BDR) Creation is the process through which eligible physical bullion is converted into electronic ownership and credited into a participant’s demat account. The process is facilitated through India International Depository IFSC Limited (IIDI) using approved vault infrastructure and enables bullion to become available for trading, clearing and settlement within the IIBX ecosystem.
BDRs are issued in electronic form against underlying physical bullion stored in approved vaults and maintained through the depository framework.