- Maker fee
- 0.25% - 0.50%
- Taker fee
- 0.25% - 0.50%
- Supported coins
- 350+
- Fiat deposits
- Supported
India registration evidence
FIU-IND: Official record checkedWe matched the India contracting entity to a dated government record or authenticated registration document.
- India contracting entity
- RPFAS Technologies Private Limited
- FIU-IND reporting entity ID
- VA00031079
- Checked on
- 26 Oct 2026
- Next review due
- 26 Nov 2026
- Reviewed by
- BrokerBazaar research desk
- Registration effective
- 9 Mar 2026 onwards
- Source · Official record · published 30 Mar 2026
- Ministry of Finance reply, Lok Sabha Unstarred Q. 5805, Annexure I (entry 11)
Registration ID VA00031079 is as published by Mudrex; the government annexure lists the entity but not the ID. Mudrex also lists OAM (Italy) and Bank of Lithuania registrations for separate group entities. Those do not apply to Indian customers.
Products documented on 26 Oct 2026
FIU-IND registration covers anti-money-laundering reporting under the PMLA. It is not product approval, a SEBI licence, deposit insurance or a guarantee against loss. What registration means
Who can use it
Residency and age conditions as published by the provider, not as assumed.
Indian residents
Unknown
Non-residents (NRIs, foreigners)
Unknown
Minimum age
Unknown
Expert Verdict
IndependentMudrex publishes its India entity and FIU-IND reporting entity ID on its compliance page (a provider claim with source recorded above). It is known for curated crypto baskets (Coin Sets), aimed at investors who prefer diversified exposure over picking individual coins.
Products, one segment at a time
Spot, futures, options, staking, Earn and SIP are different products with different operators, settlement and withdrawal rules. A notice or tax policy for one segment says nothing about another.
| Segment | Status | Operator | Settlement | Withdrawable | Source |
|---|---|---|---|---|---|
| Spot | Available | RPFAS Technologies Private Limited (as stated on compliance page) | Unknown | Unknown | Source |
| Earn | Unknown | Unknown | Unknown | Unknown | None |
What will it cost
Fees are shown per product as the provider publishes them. TDS and income tax are not fees and are described separately below.
Spot · Trading fee
Not published: unknown is not free
A fee that is not published is unknown, not zero. Where a fee is missing above we say so rather than show a dash.
Fees & Trading
Headline listing figures, not segment-specific. Where they differ from the per-product fees above, the sourced figure wins.
Maker Fee
0.25% - 0.50%
Taker Fee
0.25% - 0.50%
Supported Coins
350+
Trading Pairs
350+
Max Leverage
Spot only
Min Deposit
Rs 100
Money in and out
Four separate questions. Being able to deposit rupees does not mean you can withdraw them, and crypto deposits do not imply crypto withdrawals.
INR deposit
UnknownNot yet confirmed from the provider's published terms.
INR withdrawal
UnknownNot yet confirmed from the provider's published terms.
Crypto deposit
UnknownNot yet confirmed from the provider's published terms.
Crypto withdrawal
UnknownNot yet confirmed from the provider's published terms.
KYC and tax records
What the provider asks for at onboarding and what it gives you afterwards for your tax records. Rules follow the FIU-IND guidelines updated 8 January 2026.
Documents requested
Unknown
Liveness / selfie check
Unknown
Bank account ownership check
Unknown
TDS certificate or statement provided
Unknown
Downloadable transaction statement
Unknown
PAN plus one accepted identity document is the baseline. Aadhaar is one option, not the only one. How FIU-IND KYC works
How crypto tax and TDS apply (pick the period)
Tax Year 2026-27 (current)
Income-tax Act, 2025 · Applies to transfers from 1 April 2026
- Income from transfer
- Section 194(1), Table item 4
- TDS
- Section 393(1), Table item 8(vi); thresholds in section 393(4)
- Deductor filing
- Form 141, Schedule D (specified individual/HUF deductors only)
For TDS the applicable law follows the date of the credit or payment, not the date you file.
30%
Tax on income from VDA transfers
Income from transferring a virtual digital asset is taxed at 30%, plus applicable surcharge and cess. Only the cost of acquisition is deductible. Losses from one VDA cannot be set off against other income or other VDAs, or carried forward. Moving rupees to your bank is not itself a taxable event; the transfer of the asset is.
1% TDS
Withholding on applicable transfers
1% of the consideration (not the profit) is withheld on applicable VDA transfers once annual thresholds are crossed: Rs 50,000 for qualifying individuals and HUFs, Rs 10,000 for other payers. These thresholds are not tax-free profit allowances. TDS is a credit against your final tax when reported correctly. An Indian exchange usually deducts it; on other routes the payer may have to.
Separate
Fees, withholding and final tax are different things
Exchange trading fees are the platform's charge. TDS is tax withheld and credited to you. Your final liability is worked out when you file. Keep gross sale value, fees, withholding and net proceeds separately in your records and reconcile them against the exchange's TDS report.
This explanation is informational and has not yet been signed off by a named chartered accountant. Swaps, own-wallet transfers, gifts, rewards, staking, airdrops, mining, derivatives and cross-border situations need individual advice. A provider's FAQ describes that provider's practice, not an authoritative tax classification.
Custody and security
Who holds the assets and which protections the provider documents. None of this is insurance.
Custody model
Unknown
Proof of reserves published
Unknown
Two-factor authentication
Unknown
Withdrawal address whitelist
Unknown
Compliance page lists OAM (Italy) and Bank of Lithuania registrations for other group entities. They do not describe custody for Indian customers. Source
FIU-IND registration is not deposit insurance and does not protect against exchange failure.
Security & Safety
How Mudrex protects customer funds and accounts.
Proof of Reserves
Not published
Cold Storage
Cold storage custody
KYC / Identity Checks
Required
Support and complaints
Where to go when something goes wrong, as the provider documents it.
Channels
Unknown
Named grievance officer published
Unknown
Regulation & Licensing
Registrations as listed for this platform. Each applies to one jurisdiction and one entity only; a licence elsewhere gives no protection in another country. The India evidence status above is checked separately.
Platforms
About Mudrex
Mudrex is a FIU-registered platform offering curated 'Coin Sets', spot trading, and a beginner-friendly way to invest in crypto from India.
Pros
- Publishes its India entity and FIU-IND RE-ID (provider claim, source recorded)
- Curated crypto baskets
- Simple investing experience
Cons
- 1% TDS withheld on applicable transfers
- Limited advanced trading tools
Company Details
Sources and changes
Every statement above traces to a dated source and a reviewer. Paid placement never changes any of it.
Practical profile checked
6 Oct 2026
by BrokerBazaar research desk
Next scheduled review
6 Nov 2026
Still unknown
16 of 16 answers
Sources cited
Change log
- 26 Oct 2026 · Re-read against Lok Sabha Q.5805 Annexure I PDF; entity and status unchanged · BrokerBazaar research desk
- 20 Oct 2026 · Upgraded from provider claim to official record checked: RPFAS Technologies Private Limited, Lok Sabha Q. 5805 Annexure I entry 11. · BrokerBazaar research desk
Guides for Indian users
These apply whichever exchange you choose.
Mudrex change history
Every fact the company changed on this profile, with the previous value and the date it was published.
No fact changes recorded for Mudrex yet. Changes appear here as soon as the company updates its profile.