The Fixed Income Money Market and Derivatives Association of India (FIMMDA), an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies was incorporated as a Company under section 25 of the Companies Act, 1956 on May 4, 1998. FIMMDA is a voluntary market body for the bond, money and derivatives markets.

FIMMDA has members representing all major institutional segments of the market. The membership includes Banks such as State Bank of India and other nationalized banks; Private sector banks such as ICICI Bank, HDFC Bank, Axis Bank; Foreign Banks such as Bank of America, Citibank, All India Financial institutions such as EXIM Bank, NABARD, Insurance Companies like Life Insurance Corporation of India (LIC), ICICI Prudential Life Insurance Company and Primary Dealers such as SBI DFHI, I-Sec PD.