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Stock Report
Geojit inks pact with PNB to provide 3-in-1 account
Posted On : 2021-05-11 20:11:33( TIMEZONE : IST )
Geojit Financial Services has entered into an agreement with the Punjab National Bank (PNB) to provide the advantage of a three-in-one account to the latter's customers. The new service gives all the customers who have a savings account with PNB, a PNB demat account and Geojit trading account. Saving and Demat account can be opened online in PNB with hassle free approach.
The 3-in-1 account makes it easier for PNB customers to transfer funds real time via the payment gateway facility from their savings accounts to meet their investment needs. The trading account, which can be opened online in 15 minutes, does away with paperwork and provides a seamless interface to invest online in various investment avenues offered by Geojit.
PNB spokesperson said, "We are happy to offer our clients a three in one account with Geojit and with this tie up, our clients can enjoy seamless and hassle free integration across savings, Demat and Trading accounts. All our clients can now invest in the capital markets, anytime anywhere. Bank customer can avail Insta Demat Facility through Internet Banking Services for instantaneous and seamless opening of Demat account digitally since 23.09.2020."
Satish Menon, Executive Director of Geojit said, "PNB clients can now open a Geojit Trading account online in a few steps and start investing online in Equity as well as Geojit's Smartfolios product, which offers baskets of carefully curated stocks. This will help clients diversify their investments and manage it all through one account."
Geojit had similar tie up with Oriental Bank of Commerce (OBC), which along with UBI has now merged into PNB.
Shares of Geojit Financial Services Ltd was last trading in BSE at Rs.64.35 as compared to the previous close of Rs. 63.15. The total number of shares traded during the day was 106318 in over 1351 trades.
The stock hit an intraday high of Rs. 65.7 and intraday low of 61.4. The net turnover during the day was Rs. 6849171.
