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Online Trading  

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VIJAYA BANK commences online trading in association with IDBI CAPITAL MARKET SERVICES LTD.


The offer comprises of an integrated 3-in 1 account:

  • Vijaya Bank Operative Account.
  • Vijaya Bank Demat Account
  • Online trading Account.

The initiative enables customers to trade in the following securities from their convenient locations through Internet.

  • EQUITY
  • F & O
  • MUTUAL FUNDS
  • IPOs.

Customers can approach any branch of Vijaya Bank for assistance with regard to opening of Online Trading account.

Documents required for opening of Trading Account

  • Employee ID card copy (only for Employees)
  • Copy of PAN Card
  • Any one of the following Address Proof:
    • 1 copy (Passport/Voter ID/Driving License/Ration Card/Bank Passbook with latest transactions not more than 2 months old)
    • Bank statement along with cancelled cheque leaf (not more than 2 months old)
    • Latest Telephone Bill (only BSNL or MTNL Bill, not more than 2 months old)
    • Electricity Bill (Not more than 2 months old)
  • Cheque should be drawn in favour of IDBI Capital Market Services Ltd
    • Employees of Vijaya Bank-Rs.400/-
    • Clients of Vijaya Bank-Rs.550/-
  • Vijaya Bank A/C Statement (Latest Bank statement for Bank A/C verification)
  • Any one of the following Income Proof
    • Form No-16/ITR acknowledgement (Last FY)
    • Salary slip stamped from Employer
    • Demat Holding Statement (Latest 3 months)
    • 6 months Bank Statement
    • Net worth Certificate (Certified By CA)
    • Wealth Tax Return
    • Copy of Annual Account (Non-Individual for last two years)
  • Client Master List of Demat Account (Attested by Authorized signatory)
  • Valid E-Mail ID
  • 1 colour recent Passport size photo.
  • V-Net Banking Facility
  • Mobile Number

In case of any mismatch, additional ID proof like Driving Licence, Voter ID or Passport will be required

Features of On-Line Trading (Benefits offered by Bank):

  • Integrated 3-in-1 Account (Demat Account-On Line Trading Account-Bank Account).
  • Trade from anywhere.
  • Increased transparency as there is no manual intervention.
  • Convenient and Paperless.
  • Completely Clients controlled.
  • Hassle free process-as trading account is linked to Demat and Bank account.
  • Easiest option to invest in Stock Markets.
  • Trading on BSE, NSE, F&O NSE (NSE Derivative segment), Mutual Fund and subscription to IPO online.

Benefits of On-Line Trading to the customers: (through IDBI Paisabuilder.in)

  • Trade in Equity, F&O, Mutual Funds and IPO's.
  • Place orders online in your Trading Account.
  • Get your daily news and updates related to the Stock Markets.
  • Get free access to our Technical and Fundamental reports.
  • Use our powerful online Research Tools to do your own analysis of the markets.
  • Less time consuming process.

Paisa Power Classic and Paisa Power Streaming options:

Customer is allowed to exercise his or her option either to choose between ‘classic’ option or ‘streaming’ option. These options are viewed under title, ‘start with’& amp; amp; amp; amp; amp; amp; #160;in the login screen.

While both the Classic and Streaming options allow buying and selling, the streaming option also provides additional details to the customer where he or she can view realtime movements of rates. The streaming option is allowed to customers on request at an additional charge (please refer to charges section).

Paisa Power Classic option Paisa Power Streaming option
Purchase process Purchase process
  •  Customer logs in to the portal (https:// trade.idbicapital.com/default.asp) by entering login id and password. Chooses ‘Paisa Power Classic’ option in the login screen that is a default option too
  • Clicks on ‘Banking Center’ tab.
  • Allocates funds through registered bank’s funding account.
  • Confirms the allocation by providing user id and password in the Vnet Banking screen (Vijaya Bank’s Internet Banking site).
  • Once the allocation is done, fills details in ‘order form’ for buying shares, e.g. Exchange, Product type, Order type, Trade type, Rate etc. and clicks on ‘place order’ button. For assistance on filling the details, help is available on the screen.
  • Review and confirm the order displayed under ‘Today’s orders’ and ‘ Today’s Trades’ columns within the same screen (Place Order Screen);
  • Process is similar to the one used under ‘Paisa Power Classic option’. However, customer under Paisa Power Streaming option can view real-time movement of prices for shares which can be used for a better decision making.
  • To view the realtime movement of prices, however, for his or her favorite shares, customer needs to insert names of such shares into the screen by right clicking the mouse and naming the scrips he or she wants to monitor.
Sale process Sale process
  • Customer logs in to the portal (https:// trade.idbicapital.com/default.asp) by entering login id and password.
  • Clicks on ‘Trading Site’ tab.
  • Clicks on ‘Demat Allocation’ tab.
  • Views his or her demat holding position and clicks on individual rows for shares that he or she intends to sell
  • If the shares selected are free for sale, they are blocked for sale.
  • Customer verifies details of shares blocked for sale and clicks on ‘ submit’ button. At this stage identified shares with their current value are presented to the customer and are transferred to trading account for sale.
  • Following the blocking of shares, fills details in ‘order form’ for selling the shares, e.g. Exchange, Product type, Order type, Trade type, Rate etc. and clicks on ‘place order’ button. For assistance on filling the details, help is available on the screen.
  • Customer’s demat account is debited on T day (trading day, i.e. the day the shares are sold)
  • Customer’s operative account (e.g. savings bank or current account) is credited with sale proceeds on T+2 day normally.
  • Process is similar to the one used under ‘Paisa Power Classic option’. However, customer under Paisa Power Streaming option can view realtime movement of prices for shares which can be used for a better decision making.
  • To view the realtime movement of prices, however, for his or her favorite shares, customer needs to insert names of such shares into the screen by right clicking the mouse and naming the scrips he or she wants to monitor.

Charges:

Charges are governed by the tariff structure published by IDBI CAPITAL MARKET SERVICES Ltd from time to time.

Currently the structure refers to the following charges:

  • Account Opening – Rs.550/-.
  • Annual Maintenance Charges – NIL
  • Delivery Based Transactions – 0.15% to 0.50% on the total eligible turnover per month.
  • Intraday Transactions – 0.030% to 0.050% on the total eligible turnover per month.
  • Futures Transactions – 0.035%-0.048% on the total eligible turnover per month.

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