To invest in the capital market of Bangladesh one needs to open a BO account with a Brokerage firm according to Security Exchange commission Rules. BO account holders can keep their shares in their BO account just as we save our money in our bank account. All the shares issued in the stock exchange are preserved in electronic form and the investor owns a BO account that can keep the shares in their account. BO accounts have a sixteen-digit identification number called BO ID (Beneficiary owner identification number). A BO or Beneficiary Owner Account facilitates trading (buy or sell) of securities.
BO accounts are opened with Central Depository Bangladesh Limited (CDBL) through a Depository Participant (DP) i.e. brokerage house Like ‘Shahjalal Islami Bank Securities Limited’.- Bangladeshi Residents.
- Institutions originated in Bangladesh.
- Foreign Company/Institutions.
- NRB (Non-Resident Bangladeshi).
- 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 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.
- All you need to do is call at 88-02-47110035, 47116583, 9577564. Our nearest branch representative will contact you to complete the rest of the process.
- Or you can Download the BO Account Opening Form. Fill the application form with valid information. Submit the form with necessary documents at your nearest SJIBSL branch.
- Or you can visit any of our branch offices to complete the process.
In case of any confusion, please feel free to call our support team at the above number.
A portfolio is a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, as well as their fund counterparts. BO accounts are opened with Central Depository Bangladesh Limited (CDBL) through a Depository Participant (DP) i.e. brokerage house Like ‘Shahjalal Islami Bank Securities Limited’.