MAHAeTRADE

It is safe, quick and easy….

Welcome to hassle free on-line investment and trading in shares

Bank of Maharashtra in association with

brings forward a fast, easy, transparent and hassle-free way for investing / trade in shares in secondary capital market through National Stock Exchange and Bombay Stock Exchange. Investment in shares traded on the NSE and BSE can be made without having to visit your share-broker. All other associated hurdles like tracking of settlement cycles, paying and receiving funds in savings account, paying and receiving shares in Demat accounts have been removed. Now from a remote location while on tour, picnic, holiday - throughinternet and laptop / personal computer - you can also trade in the stock market. You can have access to world class research reports, absolutely free, on trading and investment from the Brokers’ sites. How Maha- e-Trade can help you? Maha-e-Trade is 3-in-1 integrated account. Bank of Maharashtra helps you to integrate your banking, demat and trading accounts.
You can trade in shares backed by funds and securities available in your bank / demat account. Trading has been made very easy even for beginners.

Banking (Savings or Current) Account needs to be opened (if not held already) with any of our CBS branches and the Internet Banking Account opening form to be submitted at the branch concerned while opening the account.

Who Can Open the Accounts
Individuals,  HUF, NRI, Body Corporate (domestic or foreign), Societies, Trusts, Foreign Institutional Investors, International multilateral Agency and Global Custodian, Overseas Body Corporate, Banks, Foreign Nationals, Association of Persons, Mutual Funds, Escrow account, Clearing Members (brokers)

*Proprietorship/Partnership firms/Unregistered Society/Private Trust can operate ONLY IF THE ACCOUNTS ARE OPENED IN THE NAME of proprietor / partner(s) / society members/ 1st named trustees under individual category (maximum three account holders)

Documents required to open Bank/Demat/Trading Account:
Address Proof  & Identity Proof
* Details available on account opening forms

Three Passport size photographs

Note:

  • PAN card is mandatory for all Demat/ Trading accounts as per SEBI guidelines.
  • All the Photocopies of supporting documents are to be signed by the Customer and got verified by the Bank Official

Salient Features:

  • Delivery based Trading
  • Intra Day Square Off
  • Lien marking on funds/ securities
  • No transfer of funds
  • Other usual Demat Services

Login ID and Password:
After opening of trading account the broker will register the customer and send / e-Mail the Login Id and password to the customer to enable access to their website for trading.

Service Charges:

Payable to Broker:
The on-line trading charges as per the Product Plan/tariff of the concerned Broker, with whom the Trading account is opened/ operated.
* Trading Account opening/activation charges Ranging from Rs NIL to Rs 1000/- (based on Brokers various account schemes)
*Delivery Brokerage Ranging from 0% to 0.5%
*Intra Day Brokerage Ranging from 0% to 0.05%
(Charges based on volume of transactions and various plans of brokers)

The details of charges levied are available in respective websites of brokers

Payable to Bank:
Demat Account Maintenance charges Rs 300/- p.a. for Individuals, HUF, NRIs and Trusts and Rs 1,000/- p.a. for corporates and others. Transaction based charges extra

Details are available in this website under Service Charges.

Disclaimer clause: The information & material content on this website is intended for general understanding of Bank of Maharashtra and to help the public to get better exposure to various schemes of the Bank of Maharashtra.

Those who like to have additional information have to contact Bank of Maharashtra. The contents of this site shall not be copied or displayed or printed in any form either in full or in part without Bank of Maharashtra’s approval.

The information and material contained here in is subject to change from time to time as and when required at  Bank of Maharashtra’s sole discretion.

Bank of Maharashtra makes no warranty or representation whether express or implied about the contents of this website

Bank of Maharashtra is not liable for:

  • Any loss or damage, direct or indirect, arising out from the use of this site.
  • Any errors or omissions or mistakes or inaccuracies or typographical errors etc., in the site and assures no responsibility thereof.

Links to other websites are provided to help the visitor for related information but Bank of Maharashtra is not responsible in any way for the contents of those sites.
Bank of Maharashtra reserves all right to deny or restrict access to this site to any person/s or internet address at its sole discretion.

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IMPORTANT: Bank of Maharashtra never ask for Bank account details for any purpose through phone call/email/SMS.

Bank appeals to all the customers not to respond to such phone call/email/SMS and not to share their bank account detail with any one for any purpose. Never share your CVV/ PIN No. of Debit/Credit card to anyone.