Bank of India : Online Share Trading

Name of the Organisation : Bank of India (bankofindia.co.in)
Type of Facility : Online Share Trading
Location : Mumbai

Website : https://www.bankofindia.co.in/

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Online Share Trading :
Bank of India brings to you an easy, transparent, hassle free and speedy way to trade in a large number of listed securities. No hassle of visiting the Brokers or Bank Branch. Just by click of a mouse or contacting the Brokers over phone you can execute Trade .

We facilitate Trading in securities through Tie up arrangement with the following Brokers. In terms of this arrangement, SB/CD account , Demat Account is maintained with Bank of India. Trading Account would be with the Tie up Brokers and the funds/Shares are transferred to the Bank of India account of the customers on the payout day.

The on-line trading clients should have their designated Bank account (to which the amounts for buy and sell of shares would be debited/credited) with one of the Bank of India Branches

The clients should have a DEMAT account with Bank of India NSDL DPO or CDSL DPO

Online Share Trading facility is available to clients of all our Branches having SB, CD or OD Accountand also a Demat account also with Bank of India. Under the concept of 3 in 1 Account (Star Share Trade) the Banking Account, Demat Account and Trading Account of the customers are integrated to make your transactions transparent/seamless. For the customers who have availed the facility of Star Share Trade, Funds/Securities are automatically transferred to their account with Bank of India. There is no need to handover separate DIS or any other Instructions. Those customers who do not have Demat account with BOI may open the same and then integrate the same with SB and Trading Account. Customers may open as many Demat Account as they wish. There is no restriction on No of Demat Accounts to be opened.

Eligibility :
The following categories of account holders are eligible to enroll for the Online share Trading (OLST) facility.
1. Individuals – single or joint account
2. NRIs, PIOs
3. Proprietor
4 Partners
5. Trusts etc.
6. Body corporate etc

Enroll Here : https://www.bankofindia.co.in/

Facilities available :
** Delivery based Trading
** Intra day Square off
** Buy Today and Sell Tomorrow (BTST)
** Trade Multiple
** Access to Research and Reports
** Recommendations available on each Trading Day over phone/Email
** Introducing Future and Optionsthrough the Tie up Brokers tie up arrangement shortly.

Registration and Documentation:
In order to avail Star share Trade (OLST) facility, customers have to register with any of the above four Tie-up brokers, by filling up and signing the Registration Kit.
The Registration kit is a booklet comprising of Application Form , Stamped Agreement cum POA (present stamp duty is Rs. 400-) and other Annexures

Documents to be submitted for opening a Trading Account (These documents are available with our Tie up Brokers and also with our DPs) :
** Account Opening Form
** Stamped Agreement cum POA (Stamp duty for this document is presently Rs. 400-) *
** Copy of Pan Card
** Latest Address Proof (Not more than 3 months old)
** One Recent photograph
** One cancelled cheque leaf

Copies of the Documents are to be self attested and also to be certified by the Bank official as “Verified with the original”. For documents to be submitted for opening a Demat Account, refer to our Demat Services section. The above Documents are common for both Resident Individuals as well as NRI Clients. However, NRI clients will have to submit certain additional documents for opening a Demat/Trading Account, as per the details available in NRI Section .

Trading Account/Demat account may be opened in one of the following ways :
** By contacting Tie up Brokers authorized representative
** By filling up the contact details of the customer, in BOI website Demat Section
** By calling Helpline of the Brokers
** By sending a mail to the Brokers
** By contacting any one of the Branches of Bank of India/BOI HO- SDM

Charges for opening a Trading Account is presently Rs. 500/- details of which are as under :
Stamp duty for Agreement cum Indemnity cum Power of Attorney
For Online Trading account – Rs. 400 *
Misc Charges (One time charges) – Rs. 100
Total -500

Brokerage charged by the Brokers on Buy/Sell transactions is presently 0.50% on Delivery based transactions and is 0.07% on Intra-Day transactions.

For More Details, Click Here : https://www.bankofindia.co.in/