Frequently Asked Question

WHAT IS A BO ACCOUNT?

BO Account means ‘’Beneficiary Owner’s’’ Account. To invest in the capital market of Bangladesh you need to open an account which is called BO Account. The opening process of BO Account is almost similar to Bank Account.

HOW DO I OPEN A BO ACCOUNT?

You can open BO Account in a brokerage house (E.g: Green Delta Securities Ltd.) and to open the BO Account first you need to prepare few of the required documents and then you need to fill up the BO Account opening form properly

WHAT DOCUMENTS ARE REQUIRED TO OPEN A BO ACCOUNT?

1) NID/Passport copy of applicant
2) NID/Passport Copy of nominee
3) Photo of Applicant
4) Photo of Nominee
5) Bank Account’s Cheque leaf copy or Bank Statement of applicant
6) Scan copy of Signature (both Applicant and Nominee)

N.B: Since GDSL provides the facility of opening BO A/C through online so you just need to prepare the soft copy of the above mentioned documents

WHAT IS THE COST OF OPENING A BO ACCOUNT?

The cost of opening BO Account is BDT 525/-.
N.B: GDSL provides you other products with different feature where the BO Account opening charge is also different. You can get details idea by calling 16457
Primary (IPO) and Secondary share? What’s the difference?
Primary share or IPO (Initial Public Offering) is the way of buying share based on lottery. When a company decides to come to capital market they allot their share based on lottery. This is called primary share or IPO share.
Secondary Share: After done with IPO application and allotting share among the lottery winners when a company comes to regular market for trading and makes the share available for public buy-sell this is called secondary market.
The difference between these two is basically in Primary Share there is no possibility of losing, you may get the share by lottery or get refund the subscription charge. Whereas in Secondary market you may gain something or you may loss. (Everything depends on market condition)

WHAT DO I DO AFTER OPENING A BO ACCOUNT?

After opening the BO Account you can deposit any amount and according to that deposit you can start trading (means share buy-sell). You can deposit any amount there is no minimum or maximum limit. You can deposit through cheque, cash (Max. amount: 5 Lac), online transfer (NPS/BEFTN/RTGS), Bkash/Nagad.
HOW DO I BUY-SELL STOCKS OR SHARES?
You can buy-sell stocks either by instructing our Authorized Representatives (AR) through phone call or visiting branch office or via using DSE Mobile App.

WHAT IS THE MINIMUM AMOUNT TO INVEST IN CAPITAL MARKET?

There is no minimum or maximum amount to invest in capital market. It fully depends on respective client’s interest and capability.

WHAT IS AN IPO? HOW TO APPLY FOR AN IPO?

Primary share or IPO (Initial Public Offering) is the way of buying share based on lottery. When a company decides to come to capital market they allot their share based on lottery. This is called primary share or IPO share.
To apply for IPO first you need to keep minimum balance (IPO Subscription fee) in your BO Account. This minimum balance varies to IPO to IPO (E.g: For ROBI it was bdt 5,010.00, for Energy Pack Power it was bdt 6,210.00).
After having available balance you can apply for IPO via online (GDSL website) or you can call/visit nearest branch to instruct about IPO application.

HOW CAN I DEPOSIT MONEY INTO MY BO ACCOUNT?

You can deposit through cheque, cash (Max. amount: 5 Lac), online transfer (NPS/BEFTN/RTGS), Bkash/Nagad. In case of depositing via cheque or cash first you need to deposit in GDSL’s respective Bank Account. To inform GDSL about the deposit you need to send the deposit slip (soft copy) to any of GDSL branch or any Relationship Manager or Authorized Representative.
In case of online transfer after successful completion of transfer you need to forward the transfer confirmation email/sms to any of GDSL branch or any Relationship Manager or Authorized Representative.
In case of transfer through Bkash/Nagad (charge applicable) you need to use the make payment option since GDSL use merchant number.

HOW CAN I WITHDRAW MY FUNDS?

You can withdraw funds either by online (by using GDSL Cloud) or physically (downloading and filling up requisition form)

GDSL Cloud: To use GDSL Cloud you need to sign-up in GDSL Cloud. After sign-up you can submit online fund transfer request anytime.

Physically: From GDSL website you can download the Requisition Slip and submit the slip after filling up with signature(s) to nearest GDSL branch.

In case of fund requisition the whole procedure might take 3 working days to be done.

 

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