Bank of India
|
| | | | | | | |
You are here ->Others ->sharetrade1
Remittance from USA to India (Star e-Remit) Festive Offer: remit FREE from September 07, 2010 to November 05, 2010
Bank has been ranked 8th in TOP 50 SERVICE BRANDS in The Most Trusted Brands Survey 2010 and 2nd among all Public Sector Banks
Friday, 03-Sep-2010
Online Services
  :: Mobile Banking & Payments
  :: Pay Bills
  :: 2FA / STARTOKEN Demo

  Star Share Trade (On Line Trading in Shares)

STAR SHARE TRADE(ON-LINE SHARE TRADING)

A) IPO Subscription ( Resident Indian / NRIs as per regulatory norms)

  • This facility would be available to clients registered for on-line share trading and who has furnished Power of Attorney (POA) to ACMIIL. 
  • IPO subscription option would be provided on the web page by ACMIIL. 

  • Client who wish to avail Online IPO subscription would select the IPO after logging into the system and indicate the number of shares he wishes to apply for with other relevant details like bid price, etc. 

  • System would show the total amount payable by him on application. 

  •  If more than one Issue is open (i.e. available for subscription) the client can like wise select the desired IPO and indicate the quantity of shares proposed to be applied for. If issue is on a book building route, the client would indicate the bid price per share. System will indicate to him the total amount payable on application. ACMIIL system will validate the request and give option to him for making payment through Bank of India payment gateway.

  • Therefore the client should also be registered for our internet banking with fund transfer facility.

  • The system will usher the client to StarConnect Internet banking service of Bank of India. 
  • Client logs in to the StarConnect. (with User ID and password )
  • Client transfers the requisite amount from his bank account to the designated bank account of the stock broker for this purpose. Amount will be shown in a non alterable field i.e amount cannot be altered by the client. 

  • Based on credit received in account stock broker will complete the Share Application Form giving clients details as available to him in the client Registration Form POA and submit the same to the Issuer Company along with due payment. 

  • If there is any difference in number of shares applied for, application money (amount credited to ACMIIL Bank Account is less than the application money payable) ACMIIL will inform client by e-mail/telephone immediately, 

  • If amount received is in excess of the subscription amount, ACMIIL will similarly inform client and credit the amount back to clients’ bank account. Though the above two situations may not arise. 

  •  ACMIIL would dispatch (courier/post) Receipt/Acknowledgement for having deposited the Application and Application Money to the client directly. 

  • Client`s queries in the matter would be handled by ACMIIL or client would have to take up with Issuer Company. 

  •  Client`s designated demat account would be directly credited by the Issuer company/R&TA with number of shares allotted. 

  •  In case number of shares allotted is less or no shares have been allotted, Issuer Company/R&TA will directly credit the bank account of the client with appropriate amount. 

  •  There would be nominal processing charge (out of pocket expenses) levied by ACMIIL for filing application (processing, documentation, courier) on behalf of the clients which would be recovered at the time client transfers application money to ACMIIL’s bank account.
  •  

    For more information please call us on 91-22-40919191
    (all days) 06:00 a.m. – 11:00 p.m. (IST)


    Previous                                                               Next 

    Announcement
    Bank has been ranked 8th in
    TOP 50 SERVICE BRANDS in The Most Trusted Brands Survey 2010 and 2nd among all Public Sector Banks
    ..........................................
    Notice -
    Another option of Pension for Bank of India exstaff
     
    know more ..
    ..........................................
    Press release for Revision
    in interest rate on Domestic Rupee Term Deposits w.e.f. 12.08.2010
     
    know more ..
    ..........................................
    Presentation to
    Analysts June 2010
     
    know more ..
    ..........................................
    Watch Webcast of
    Analyst Meet Presentation
     
    know more ..
    ..........................................
    Financial Results
    for the quarter ended June 2010
     
    know more ..
    ..........................................
    Presentation of results
    for the quarter ended June 2010
     
    know more ..
    ..........................................
    Press Release
    on Results for the quarter ended June 2010
     
    know more ..
    ..........................................
    Bank''s Base Rate is fixed at 8% with effect from 01.07.2010.

    ..........................................
    Press release launching of
    Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication
     
    know more ..
    ..........................................
    Presentation of Results
    for the year ended March 2010
     
    know more ..
    ..........................................

    Notice for Debit and ATM cardholders
     
    know more ..
    ..........................................

    One Time Settlement Scheme for NPA of SME borrowers
     
    know more ..
    ..........................................
      Foreign Branches
     Bank's Network
     
     
       © 2008 Bank of India. All rights reserved
    For optimum view of this site you must have IE 5.0 and 1024 by 768 pixels