Products on offer
Cash Trading
When your intention is to take delivery of the shares /funds you resort to Cash Trading. The shares/funds will normally be credited to your demat/Bank account on the day settlement takes place in the stock exchange.
Margin Trading
Intra Day trades. You can trade upto a specified multiple of the funds allocated. The transactions will have to be squared off, before an appointed time, on the same day.
Buy Today Sell Tomorrow (BTST )
What you bought today can be sold tomorrow, even before they are credited to your demat account, on T+2
Call & Trade
Just in case you are in a place where you can not access a computer, you can call a toll free number and place an order with a customer service executive of M/s Geojit BNP Paribas Financial Services Ltd.
IPO
You can invest in Initial Public Offers online. No need to go through cumbersome paperwork.
Mutual Funds
Investing in Mutual Funds has never been easier. And a variety of funds to choose from. Without any paper work at all.
Documents required
For Opening Savings Bank Account
- Passport size photograph of applicant(s)
- Proof of Address (original, with a photocopy of any one of the following) - Ration Card/Passport/Voter’s ID Card/Driving Licence
- Proof of Identity (original, with a photocopy) - PAN Card/Driving Licence/Passport/Voter’s ID (originals will be returned to you after verification)
For Opening Demat Account
- Passport size photograph of self and nominee
- Proof of Address - ( copy of any one of the following) ( original, with a photocopy of any one of the following) Bank Passbook/Ration Card/Passport/Voter’s ID Card/Driving Licence
- Proof of Identity - (copy of) PAN Card (mandatory) Cancelled cheque leaf (proof of MICR number and bank account details.
For Opening Trading Account
- Passport size photograph
- Proof of Identity – Copy of PAN Card/passport/Voter’s ID Card/Driving Licence
- Proof of Address ( copy of any one of the following) Passport/Voter’s ID Card/Driving Licence/Bank Passbook/Rent Agreement/ Ration Card/Insurance Policy/ Flat Maintenance Bill/Telephone Bill/Electricity Bill (not more than 2 months old)
If you already have a Savings Account and Demat Account, you need not open new accounts. You can just link your existing savings account and demat account to Online Trading. In other words it is mandatory that you should have a Savings Bank and Demat Account with us and a trading account with M/s Geojit BNP Paribas Financial Services Ltd. In the case of joint Demat Account, Trading account shall be opened in the name of the first holder of the demat account. He/She should be having the authority to operate the Bank account also.
Procedure of Online Trading
Once Account opening formalities are complied with, you will receive a communication from M/s Geojit BNP Paribas Financial Services Ltd, and thereafter you can access the account and start trading by logging on to www.federalbank.co.in.
PURCHASE
You need to first block (allocate) funds in your bank account before you start buying. Whatever amount is blocked by you in your account will be your buying power on that day. When the amount blocked is exhausted, you can increase the buying power by blocking further amounts in your account. Now you can proceed to place the buy order. Your order is immediately sent to the stock exchange.
SALE
While selling, the system will check the balance in your demat account and if sufficient balance is available, will proceed to send the order for sale of shares to the exchange.
Funds/shares TRANSFER
Funds/shares will be transferred from your bank/demat account only at the end of the trading day. Credit of funds/securities will be done after receipt of the same from the Stock Exchange. The system will display the details of your order before sending the order to the exchange. You can check the details once more. Only after your confirmation, the order will be executed. You can view the status of the order online. You can also modify/cancel the order before it is executed. The facility is being offered through 164 designated branches of Federal Bank. Please visit our website www.federalbank.co.in for the list of designated branches.
Charges
The brokerage payable to M/s Geojit BNP Paribas Financial Services Ltd is as follows:
- Cash Trading (delivery based) : 0.30%
- Margin Trading(Day Trading) : 0.04%
- Call and Trade : 0.50%
- Minimum Rs. 20/- subject to a maximum of 2.50% per scrip, minimum order value Rs. 1000/-
|