Organisation : Dena Bank
Facility : Dena e-Trade Service
Website : https://www.barodaetrade.com/
Terms & Conditions : https://www.statusin.in/uploads/23658-DenaeTrade.pdf
Dena e-Trade :
Dena Bank brings Stock Market at your door step. Investment and trade in shares was never so fast , easy, transparent and hassle free. The customers can trade in the shares from the comfort of their homes and offices.
Related : Dena Bank Track Aadhaar-Account no Linking Status : www.statusin.in/3471.html
DENA e TRADE provides facilities to the customers of the Bank to trade in securities in tie up with reputed brokers. Under the facility customer maintains SB/CA account and Demat account with Dena Bank .
Trading account will be with the Broker with whom the Bank will have tie up. Without the customers visiting the Bank the funds/ securities are transferred to the funds and securities account of the customers of the Bank on the payout day.
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. HUF
3 Partners
4. Trusts etc.
5. Body corporate etc
6. Societies
7. Mutual Funds
** The customers availing DENA eTRADE facility will be required to maintain designated Bank Account with any Branch of the Bank (to which the amount to buy and sell securities/ shares will be debited/ credited) and designated Demat Account with any identified Branch of the Bank (to which the Shares / Securities bought and sold will be credited / debited) with the Bank.
** For availing the On Line trading facility the customers, will be required to register themselves with M/S Karvy Stock Broking for opening of On Line Trading Account.
** DENA eTRADE has a unique feature of 3-in-1 integration of your Banking (Savings / Current) Account and Demat Account with the Bank and the Trading Account with M/s Karvy Stock Broking
** As per SEBI guidelines PAN card is mandatory for holding and trading in shares and securities.
** All the photo copies of the supporting documents are to be signed by the customers in the presence of the Bank official
Registration and Documentation :
(A) For New Customers :
In order to enroll for DENA eTRADE the client has to
1) Fill up Banking account opening form along with KYC compliance documents
2) Fill up Demat account opening form along with KYC compliance documents along with Rs. 100/- DP agreement stamping charges.
3) Fill up Trading account opening form of Karvy along with Client- Broker Agreement cum authorisation along with Rs. 500/- A/C opening charges.
4) Execute Agreement cum Indemnity cum Power of Attorney with the Bank along with Rs. 400/- document stamping charges.
(B) For Existing Banking Account Customers :
Steps 2 to 4 of (A) above are required to be completed to enrol for DENA eTRADE
(C) For Existing Banking and Demat Account Customers :
Steps 3 to 4 of (A) above are required to be completed to enrol for DENA eTRADE
Charges Payable to Bank :
1) Documentation Charges for Agreement cum Indemnity cum Power of Attorney Rs. 400/-
2) Demat account agreement stamping charges Rs.100/- (only for those customers who open a new Demat Account)
Charges Payable to Karvy Stock Broking Ltd :
1) Registration and On Line Trading account opening charges of Rs.500/- (payable one time)
2) Brokerage charged by the Karvy on Buy/Sell transactions which is presently 0.50% on Delivery based transactions and is 0.05% on Intra-Day transactions
Facilities available :
1) Delivery based Trading
2) Intra day Square off
3) Access to Research analysis and Reports
The DENA eTRADE facility will also be available to the customers of the Bank through Call N Trade on dedicated telephone no of Karvy.
But the call will be made by the customers from the Phone no Mobile / Landline registered at the time of the opening of the Trading Account.
Log-in Id and Password :
On Registration Karvy will open a Trading Account of 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 Dena Bank website