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Company Overview
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Nirmal Bang Financial Services Pvt Ltd is a RBI registered Non Banking Finance Company
which offers margin funding facility to its clients.
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Product Overview
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Margin funding allows the investors to take leverage positions in the stock market,
client has to pay margin of 35 % to 50% depending upon the scrip and rest is funded
by us. To put it simply, for example in case of scrip prescribed for 35% margin,
if client pays cash margin of Rs.35,000/-, he can buy shares of Rs.100000/- and
funding by us would be of Rs.65000/-.Margin can be provided in cash as well as approved
securities.
Scrips: Funding only against approved securities as per the list approved by the
management from time to time.
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Click here to View the Approved List…..
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Benefits
- Corporate Action benefits like
bonus, dividend etc continue to accrue to the borrower.
- Any appreciation in the value of the Securities given
as margin would automatically allow enhancement in drawing power.
- Interest will be calculated on the amount utilized
& the actual period for which it is utilized.
- Clients can view their financial
statement and holdings online.
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Risk Monitoring System
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In case of shortfall in the margin the client has to follow the prescribed norms
and replenish the short margin or else the shares would be liquidated to the extent
of the shortfall.
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Documents Requirement
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A) Individuals
- Client has to open a bank account
with Axis Bank and Demat account with Nirmal Bang Securities Pvt Ltd both under
POA with us.
- Loan agreement to be duly filled
up and signed therein.
- Copy
of PAN card
- Copy of Address
Proof
- Two passport sized photographs
- Copy of latest two years ITRs
- Two Post dated cheques , one for
principal & other for interest in the name of Nirmal Bang Financial Services Pvt Ltd
- Cheque of Rs 600 towards the loan
documentation charges
- Cheque
of Rs 6000/- in favour of Axis bank for maintaining minimum balance, this cheque
will be credited in client’s Axis bank a/c only
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B) Company
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All documents as mentioned in point no 1 to 8 in case of individual are required.
Additional documents to be collected are:
- Copy of annual report of last two years
- Memorandum and article of association
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List of directors
- Two photographs of all the directors.
- Board resolution
on letter head of the company
- Cheque of Rs 11000/- in favour of Axis bank
for maintaining minimum balance, this cheque will be credited in client’s Axis bank
a/c only
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Kindly note
- All documents should be self attested
- All Photographs and signatures
should match with the proof given
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Additional documents need to be submitted in case of any discrepancy is noticed.
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To know in detail about margin funding :
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Call:- 91-022-3926 8061, Email:nbfc@nirmalbang.com |
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