|
Sl. No.
|
Present Features of our ID- G Account (Investors’ Discretionary General Account)
|
| 1 |
Eligibility to open Account: Any 2 Bangladeshi are eligible to open 3 Accounts, one account each in single name and the other in joint names |
| 2 |
Operation of the Account: Accountholder or any operator nominated by the accountholder. Operator can be any person who has also maintained portfolio account(s) at SCML. Operator is eligible to operate maximum 5 nos. of portfolio accounts. |
| 3 |
Documentation: 2 Passport size photographs, photograph of Account holder(s)/operator, photocopies of Voter ID/Passport, Bank Statement , e-TIN Certificate, 1 Passport size photo of nominee etc. |
| 4 |
Minimum Deposit required: Tk. 20,000.00 (twenty thousand only) |
|
Documentation Fee: Tk. 500.00 at the time of A/c opening. |
| 5 |
Margin Loan Facility: As per Regulatory Guidelines and availability of fund |
| 6 |
Interest on Margin Loan Facility: Presently @15% charged p.a.q.r. and subject to change from time to time |
| 7 |
Withdrawal of Fund: By creating credit balance and keeping at least Tk. 10,000/- fund for keeping the account alive. |
| 8 |
Closure of ID –G Account: Through selling off all holdings and offsetting all dues |
| 9 |
Portfolio Management: 0.50% on the cost price or market price whichever is higher |
| 10 |
Transaction and Settlement Fee: Normal circumstances @ Tk. 0.40/ Tk. 100.00 |
| 11 |
Composition of Portfolio: By the Account holder/operator through inclusion of shares from the primary and secondary market having strong fundamentals as per SCML approval list. |
| 12 |
Portfolio Statement: As demand by the accountholders including everyday mail service. |