| 1. HDFC BANK Stephen House Br. 4D, BBD Bag (East), Kolkata - 700 001 |
Contact: Mr. Sandeep Shah Mobile No: 7439040762 |
| 2. AXIS BANK BBD Bagh Br. 64A, Hemant Basu Sarani, Near Stephen House, Kolkata - 700 001 |
Contact: Mr. Shekhar Ganguly Mobile No: 9830876777 |
| 1. UNITED BANK OF INDIA Royal Exchange Br., 10, N. S. Road, Kolkata - 700 001 |
Contact: Mr. Nabin Kumar Dash Mobile No: 9007143797 |
Sl No. |
Product |
Axis Bank |
HDFC Bank |
| 1 | Bank Guarantee |
Bank Guarantee in favour of CSE against 50 % margin (Customer own FDR) for transaction done in NSE/BSE. |
Bank Guarantee in favour of CSE against minimum margin of 50 % (Customer own FDR) for transaction done in NSE/BSE. |
| 2 | OD against shares | -Pledge of Bank approved shares.
- 50 % of value of share pledged. Minimum three shares to be pledged. -Previous day closing price or last Friday’s closing price whichever is lower. |
-Pledge of Bank approved shares.
- 50 % of value of share pledged. Minimum three shares to be pledged. -Scrip diversification norms to be followed. |
| 3 | Pay- Out Discounting |
-Request letter, Exchange obligation statement and Exchange confirmation to be provided.
-50% of total Pay out |
-Request letter, Exchange obligation statement and Exchange confirmation to be provided.
-50% of total Pay out |
| 4 | OD against own FDR | -Lien marking of FDR in favour of the bank.
-90% of FDR |
-Lien marking of FDR in favour of the bank.
-90% of FDR |
| 5 | Intraday funding for exchange Pay-in requirements | -Customer request, obligation report and exchange confirmation to be provided.
-Drawing power to be decided from case to case basis. -Rate of interest 5% Per annum |
-Customer request, obligation report and exchange confirmation to be provided.
-Drawing power maximum up to 50% of the payout amount. |
| Contact Person/s | 1. Mr. Shekhar Ganguly (AVP) 2. Mr. Amit Kumar Mishra (Senior Manager) |
1. Mr. Sandeep Shah 2. Mr. Neel Shah |
The terms & Conditions of such funding can be negotiated between bank and brokers on case-to-case basis.
