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Sl. No.
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Present Features of our ID- G Account (Investors’ Discretionary General Account)
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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 |
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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. |
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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. |
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Minimum Deposit required: Tk. 20,000.00 (twenty thousand only) |
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Documentation Fee: Tk. 500.00 at the time of A/c opening. |
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Margin Loan Facility: As per Regulatory Guidelines and availability of fund |
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Interest on Margin Loan Facility: Presently @15% charged p.a.q.r. and subject to change from time to time |
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Withdrawal of Fund: By creating credit balance and keeping at least Tk. 10,000/- fund for keeping the account alive. |
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Closure of ID –G Account: Through selling off all holdings and offsetting all dues |
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Portfolio Management: 0.50% on the cost price or market price whichever is higher |
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Transaction and Settlement Fee: Normal circumstances @ Tk.0.40/ Tk.100.00 |
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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. |
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Portfolio Statement: As demand by the accountholders including everyday mail service. |