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 Number of Demat Accounts to be opened.
Introducing Future and Optionsthrough the Tie up Brokers tie up arrangement shortly.
Registration and Documentation
Documents to be submitted for opening a Trading Account (These documents are available with our Tie up Brokers and also with our DPs)
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 :
Charges for opening a Trading Account is presently Rs. 1100/- details of which are as under:
Brokerage charged by the Brokers on Buy/Sell transactions is presently 0.50% on Delivery based transactions and is 0.05% on Intra-Day transactions.