Fed-e-Trade (Online Share Trading)
Federal Bank offers Fed-e-Trade - a feature packed 3-in-1 Account. A Savings and Demat Account with us and a Trading Account with M/s Geojit Financial Services Ltd.
- Features & Benefits
- How it works ?
- Documents Required
- Products/Services on Offer
- Current brokerage structure
- Convenience - No need to write cheques or track settlement cycles
- Power - Take control of your portfolio through Live Stock quotes
- Speed - Make the best investment decision based on instant real-time stock quotes
- Comfort - Transact at any time from anywhere in the world
- Cost Effective - The buy/sell orders are executed online at the lowest brokerage
- Corporate News & Analysis - Stay up to date with the latest corporate news/announcements, technical analysis, research, Reuters news etc.
- Once account opening communication has been received, a user may log into www.federalbank.co.in to start trading
- Block an amount of your choice, from your Bank Account, this will be used to buy shares for a particular day. Once exhausted further amount can be blocked from your Bank Account.
- 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 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.
- 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 account statement with a cancelled cheque.
- Cash Trading - This allows you to take delivery of the shares /funds and will normally be credited to your Demat/Bank account on the day settlement takes place in the stock exchange.
- Margin Trading (Intra Day Trades) - Allows you to trade up to a specified multiple of the funds allocated. The transactions will have to be squared off, before an appointed time, on the same day.
- Call & Trade - In case you are unable to access a computer, you can call a toll free number and place an order with a customer service executive of M/s Geojit Financial Services Ltd.
- Exposure against holdings and BTST facility – (Buy Today and Sell Tomorrow) - These products will allow to take advantage of market movements by taking positions with a margin for a short period. To avail these options all retail customers (excluding NRE/NRO) are required to sign the ‘additional rights and obligations'/T&C.
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) : 0.03%
- Call and trade : Delivery based - 0.50%, Intraday - 0.075%
Prevent Unauthorized Transactions in your demat account - Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day. Issued in the interest of investors. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account