Once you open a BO account under royal capital, you will get a sixteen (16) digit BOID code generated from central depository of Bangladesh (CDBL). you can withdraw or deposit money from your BOID code to any commercial banks in Bangladesh with free of cost.
Yes, Royal Capital is giving you the privilege to use all platforms, those are available in the market to withdraw or deposit money
Yes, you can do that
You can transfer funds directly from the trading platform using any of these electronic payment gateways stated below.
The full meaning of BO account is beneficiary owners account. BO account is opened with the reference of a bank account number. One can open a BO account from any of the brokerage houses, which are registered under stock exchange.
Open a BO account through online/internet is called online BO account. You need a laptop/desktop and an internet connection. It is a faster and straight forward process than to open BO account manually. You can open anytime. You don't have to come to your local branch physically.
BO account can be opened individually or jointly or by a company name
Please follow the link to check steps of opening online BO account
The nominee of your account must be 18 years of age. If he/she is under 18, then you must state the guardian of the nominee with PP size colour photograph and signature. After being 18, you can set a percentage that the nominee will get. There is also a provision to state two persons as nominee where percentage can be adjusted separately for each one.
The power of attorney is the authorised person who is authorised/declared by the account holder/applicant who can operate the transaction on behalf of the account holder/applicant. If account holder/applicant wants, he/she can change the Power Of Attorney (POA). Otherwise, the procedure is same as the nominee fill up form.
Once you get the BO code, you are ready to start the transaction
Usually it takes 24 hours to activate.
It is a simple 3 steps process
IPO-Genie is the unique service of Royal Capital Ltd. Once you get enrolled your IPO will be applied automatically on your behalf (except Mutual Funds and Bonds). Subject to available funds.