BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has launched a new trading platform called “Selfie” for customers in association with Geojit?
A
Federal Bank
B
IDFC Bank
C
Kotak Mahindra Bank
D
HDFC Bank
Explanation: 

Detailed explanation-1: -An unbeatable combination of Savings account and Demat account with Federal bank and Trading account with Geojit. Selfie is a next generation trading platform which combines several new web technologies to meet your emerging needs.

Detailed explanation-2: -Though the product is exclusive for clients, non-clients can also experience it at a lower level. Geojit BNP Paribas on Wednesday launched a new trading platform branded as Selfie, which is as a one-stop-shop for investment decisions, and is available for all asset classes, except commodities.

Detailed explanation-3: -Key in the order details like Exchange, Symbol, Series, Price condition, Quantity and Price etc. in the order panel, click on submit option. After verifying the details, click on “confirm” to send the order to exchange. Note: Trading can also be done via the phone by calling at 1800 103 5503/1800 425 5501.

Detailed explanation-4: -Geojit margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Geojit F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Geojit F&O carry forward positions and equity delivery trades.

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