An individual can open a maximum of two (2) BO accounts from a brokerage house. One can open by his/her name, another can be opened jointly.
What are Mandatory Requirements for opening a BO Account?
Filled up BO account opening form (KYC Form).
Passport size photographs (2 copies).
A copy of National ID card or Passport
Passport size photographs for Nominee/ Power of attorney / Authorize.
Bank Status or Account Details/ Routing Number or MICR Cheque laf photocopy.
Registered Mobile Number.
Valid Email Address
Additional requirements for special account holders
For Institutions that originated in Bangladesh:
• Scan Copy of Memorandum and Articles of Associations
• Scan Copy of trade license (if any)
• Board regulations
For Foreign Company/Institutions:
• Scan Copy of Memorandum and Articles of Associations
• Scan Copy of trade license (if any)
• Board resolutions
For Non-Resident Bangladeshi:
• Attested copy of Passport / Social Security Card / Resident Card etc. (If the applicant is residing in a foreign country, such attestations must be issued by the Bangladesh Embassy or High Commission).
• A fixed account with any Bangladeshi Bank.
• Employment certificate/copy of trade license/work authorization or Payslip/tax return record as evidence of the Applicant’s earning status.
• Documents of Power of Attorney (POA) who will manage the account while NRB is residing abroad such as. Passport size photograph of POA attested by applicant and signature.
How do I deposit money into my BO account?
It is very easy to deposit money in your BO account. You can deposit money from any bank account in Bangladesh without any cost. You can deposit money online or directly at any of our branches or you can also deposit money through bKash.
What is the minimum amount that can be invested in the stock market?
You can start by investing any amount of money in the stock market, but in case of investing in initial market or initial public offering i.e. IPO, you need to have a minimum investment of BDT 20,000 in the secondary market. So it is better to start investing with a minimum of BDT 30,000. The amount of capital to trade in the secondary market actually depends on the desired rate of return or ‘expected rate of return’ of the investor.
How do I buy or sell shares?
After depositing money in your BO account, you are ready to buy and sell shares. You have to buy and sell shares in different ways- Online (mobile apps or our website) Authorized Representative by phone, come straight to the branch.
How do you select the company before you invest?
Don’t put in your money until you have understood all relevant information regarding the investment. Prepare yourself for the vigorous homework of analyzing company’s annual reports, EPS (Earning Per Share), accounts and other statements while keeping abreast of what’s happening in the industry, country and elsewhere that may affect your investment. Consult your investment adviser/broker to get latest market information about shares you intend to buy or sell. Be skeptical of anything picked up from rumors, particularly if you cannot rationally explain their choice.
Eligibility for SME market?
No Registration is required for Qualified Investors (QIs) for trading in the secondary market: For the betterment of Small Capital Platform and to implement the BSEC notification no. BSEC/SRMIC/2021-206/69 dated February 17, 2022 regarding Qualified Investors of Small Capital Platform, BSEC has taken the following decisions: 1. In addition to existing registration process for the Qualified Investors (Qls) for applying the primary shares, the stock exchanges will register automatically through Electronic Subscription System (ESS) of the Exchanges based on data and information provided by CDBL and DP, without fees as per the latest issued Commission’s Notification. However, the Qualified Investors for trading in the secondary market do not require registration in ESS further. The Central Depository Bangladesh Limited (CDBL) or Depository Participants (DP) will provide the list of the Qualified Investors on quarterly basis to the Exchanges and accordingly Exchanges will ensure their trading facilities in the secondary platform. 2. At the time of accepting any buy or sell order for shares listed in SME platform, the respective DPs/brokerage houses will ensure the eligibility of Qualified Investors based on their available data in back-office software or OMS. Confirmation of QI is more preferable to implement at BROKER end through Order Management System (OMS) or back office system as investors’ primary information (KYC) is preserved by them. 3. For further checking as to eligibility of QI’s order, the trade data may be verified at the time of clearing and settlement through Clearing and Settlement (CNS) software of stock exchanges and stock exchanges will make a report (with warning to DPs) after trade hours based CNS’s data and submit it to the Commission.