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Sunday, 05-Feb-2012
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  Star Share Trade (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. 

Please click here to visit Asit C Mehta investment Interrmediates Limited (ACMIIL)

Helpline  :022- 28584545, Trading: 1800 22 9002
Email: helpdesk@acm.co.in

Please click here to visit Ajcon Global Services Limited (AGSL)

Helpline/Trading line : 022-4028 0449
Email: etrade@ajcon.net
   
AGSL Recommendations : 
   

Please click here to visit  GEPL Capital Limited   

Helpline 22-66182400; Toll free No 1800 209 4375
Email:
customercare@geplcapital.com

 
GCPL Recommendations : 
 

Please click here to visit KARVY Stock Broking Limited

Helpline/Trading Line : 1800 209 4375; 022-6618 2384
Email: service@karvy.com


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  

•  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.   

Facilities available:  

1. Delivery based Trading  
2. Intra day Square off
3. Buy Today and Sell Tomorrow (BTST)
4. Trade Multiple
5. Access to Research and Reports
6. 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) :

a)  Account Opening Form
b)  Stamped Agreement cum POA (Stamp duty for this document is presently Rs. 400-) *       
c)  Copy of  Pan Card 
d)  Latest Address Proof (Not more than 3 months old)
e)  One Recent photograph
f)   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 

Log-in Id and Password
On receipt of the Registration kit, respective Broker will register the client , allot them Client Code No and send the log in Id and password to enable client to access  the website for trading.
After receipt of the login Id and password, the client can commence Online Share Trading by visiting either Bank of India website i.e. www.bankofIndia.com or the Broker’s website as mentioned  above (The customers also have the additional facility of buying/selling securities over phone,  by contacting the above Brokers)

  • For Bank of India DEMAT/Depository Services, including NRIs  click here

Star Share Account (On-line share Trading)  for NRI /PIO clients
·    This facility is available to all our NRI customers of domestic Branches / overseas branches / offices.  The facility of Online Share Trading is also made available to our prospective customers.  Customers who do not have Account with the Bank have to open SB Account and Demat Account with any one of the Bank of India Branches after completing the formalities.

  • NRIs/PIOs are required to have two SB Accounts for availing this facility:
  • The first NRE Account which is a Charge Account, which  can be an existing account with any of the Branches of BOI.
  • The second NRE Account which is known as PIS (Portfolio Investment Scheme) - SB Account is for routing only securities related transactions. This account has to be opened with one of the three Designated Branches of Bank of India . i.e. Mumbai NRI Branch or Ahmedabad NRI Branch or New Delhi NRI Branch.
  • For opening PIS Account,  NRI customers may forward the SB  Account Opening Form alongwith all the documents to any of the 3 Branches, through their Bankers. Please refer to our Demat Services Section, for Documents to be submitted for opening a Demat Account.
  • After opening this PIS Account, the Designated  Branch would open Demat/Online Trading Account by obtaining permission from RBI. .  
  • Application can be downloaded from the website of the Brokers or customers can  send a message to the Brokers who would arrange to forward the entire sent of documents (Demat  SB Account  and Trading Account Opening Form) to the customer. The customers may contact our NRI Branches / HO-SDM also for the Account Opening Forms (AOF)

·    This facility is for investment on repatriation or non-repatriation basis in shares of Indian companies through stock exchange in secondary market under Port-folio Investment Scheme. If they want to apply for IPO/FPO/Rights Issue they can apply through ASBA facility of Bank of India  
·     On registration, Broker will send Welcome Kit alongwith user ID and Password directly to NRI custgomer  through e-mail. ( by e-mail as well as by secured mean). On receiving PW the customers can start trading in Shares through Internet or over phone.
·    For all successful online Buy/Sell  transactions (including transactions done over phone) , the NRE Account of the customer is automatically debited or credited on the Payout Day. No need to submit DIS or any other document
·     On Trade day, or by next working day morning, broker will send Contract Note to the  customer .

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