Margin Account
This is also an investors’ discretionary account. Under this facility, the Company may provide margin loan facility to its clients under Margin Rules 1999 of the Securities and Exchange Commission (SEC) and the Management decision depending on market scenario from time to time.
Sl No. |
Particulars |
Fees/Charges |
1. |
Account Opening Fee |
Tk. 1,000 |
2. |
Brokerage Commission |
0.40% |
3. |
Financial expenses on margin loan(to be charged quarterly) |
16.50% |
4. |
Yearly Account maintenance charge (including BO Account) which will be deducted on first working day of each calendar year |
Tk. 500 |
5. |
Cheque dishonor charge(per dishonor) |
Tk. 500 |
Required Documents For Opening Account:
For opening an account with IIDFC Securities Ltd, the following documents are required to be submitted alongwith the account opening form:
Individual Account
3 copies of recent passport size photographs of each account holder (duly attested by the introducer)
2 copies of recent passport size photographs of the authorized person (duly attested by the account holder)
If Nominee is minor, 1 copy recent passport size photograph of the guardian attested by the account holder and photocopy of birth certificate of the nominee.
Photocopy of Cheque Leaf for confirming routing number.
Bank Statement for last 1 month of both single & joint account holders.
Photocopy of National / Voter ID card or valid Passport for single & joint account holder, Nominee and Authorized representative.
In case of NRB and Foreign Nationals following documents are mandatory along with the above mentioned documents:
Photocopy of valid Passport for Principle & Joint Account Holder, Nominee and Authorized Person.
Bank certificate for FC or NITA account including bank statement
Tax clearance Certificate (In case of Foreign Nationals)
Photocopy of service agreement or work permit
Photocopy of resident permit
Institutional Account: Public/Private Limited Companies, Partnership/Proprietorship Firms, Trust and Fund Account
Photocopy of Memorandum & Articles of Association certified by RJSC
Photocopy of Certificate of Incorporation or Trade License
TIN Certificate
Board Resolution regarding opening of the account and its operation
2 (Two) copies of recent passport size photograph(s) of the CEO/ or Managing Director (duly attested by the Chairman)
Photocopy of National / Voter ID card or valid Passport of the CEO/Managing Director
Bank certificate including bank statement
In case of Foreign Institutions following documents are mandatory along with the above mentioned documents:
Bank certificate for FC or NITA account including bank statement
Tax Clearance Certificate (In case of foreign Nationals)
