FAQ

Frequently Asked Questions

​WHAT IS A BO ACCOUNT?
A B/O or Beneficiary Owner Account facilitates trading (buy or sell) of securities. Securities are electronically deposited to or withdrawn from BO accounts. B/O accounts are opened with Central Depository Bangladesh Limited (CDBL) through a Depository Participant (DP) i.e., brokerage house.
​HOW DO I OPEN A BO ACCOUNT?
You can open a B/O account by visiting our office. To get any information or assistance in opening B/O account, please call at +8801722203337
WHAT DOCUMENTS ARE REQUIRED TO OPEN A BO ACCOUNT?  
To open a Single/Joint BO Account you simply need the following documents.
  • Passport sized photos of the account holder/holders
  • Bank Account details
  • National ID/Passport photocopy
   
WHAT IS THE MINIMUM AMOUNT TO INVEST IN SHARE MARKET?    
If you wish to invest in the secondary market, there is no minimum amount. You can start as low as Tk. 25,000. If you want to apply for IPOs, typically IPOs start as low as Tk.10,000.  It really depends on your investment outlook. Let us design an investment portfolio based on your needs and risk profile.    
​WHAT IS AN IPO?
    An IPO, or initial public offering, is the process by which a privately held company begins selling stock to outside investors, thus becoming a public company. From that point on, the company can raise the capital it needs by selling shares, but it must also comply with a strict set of reporting guidelines, as established by the Bangladesh Securities and Exchange Commission (BSEC). An IPO is a subscription process where you simply apply for an IPO through Smart Share & Securities Ltd. Based on overall demand for the IPO you will receive IPO shares. The service charge for applying for an IPO is only Tk. 10 total.
HOW CAN I DEPOSITE FUND TO MY B/O ACCOUNT?
    You can deposit in your portfolio account maintained with IDLC Securities Limited by Bangladesh Electronic Funds Transfer network (BEFTN); where you do not need to come to bank for cheque or cash deposit physically. Or you can deposit the money to any of the following bank accounts. After the deposit, email us the deposit receipt at [email protected].
 
A/C Name Name of the Bank Account No. Name of the Branch Routing Number
SMART SHARE & SECURITIES LTD. AL ARAFAH ISLAMI BANK LIMITED 0051220001833 AGRABAD 015150132
SHAHJALAL ISLAMI BANK 300113100001098 AGRABAD 190150136
   
HOW CAN I WITHDRAW FUND FROM MY B/O ACCOUNT?
  You can withdraw fund from your portfolio account maintained with SMART Securities Limited by BEFTN (without cheque). Your bank account would be credited automatically. You can send a simple instruction email mentioning the amount you want to withdraw to the  customer care [email protected].   Once approved, fund will be transferred to your bank account.   Or you can send the filled-up requisition form to our digital booth.    
HOW DO I BUY STOCKS OR SHARES IN THE DHAKA STOCK EXCHANGE?
  After you have opened a BO account and deposited money into that account, you are ready to buy (and sell) shares. You can buy/sell stocks in multiple ways:
  • Over phone by call our Authorized Representative: +8801722203337
  • Visiting your nearby branch to place a buy or sell order
 
WHAT IS MARGIN LOAN? HOW CAN I GET IT?
  To facilitate your daily stock market activity, Margin Loan is a credit line extended to you by us. If you are interested in buying a stock but do not have enough cash, we help you to complete this transaction by bringing you additional fund in the balance. The finance is provided to you up to a percentage of the value of your equity portfolio. Margin Loans are extended to the eligible clients who fulfill some standard criteria. To avail margin facility, contact your Relationship Manager or the nearest digital booth.  
WHAT ARE THE CHARGES?  
Charge Head Charge Rate
Account opening fee (includes Trading Account Opening Fee Tk 500 and first FY CDBL BO account opening fee) BDT 950.00
Annual BO maintenance fee BDT 450.00
Share Transfer-In / Transmission-In 0.0125% of market value of Securities.
Share Transfer-Out / Transmission- Out 0.025% of market value of Securities.
Demat 0.015% of market value of Securities plus BDT 1000.00 per Scrip.
Remat BDT 0.10 for each Securities plus BDT 1000.00 per Scrip.
Pledge of Securities 0.25% of market value of Securities.
Unpledge of Securities 0.125% of market value of Securities.
Cheque dishonor BDT 1,000.00
Wealth certificate BDT 200.00 for each certificate.
   
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