SBI launches online share trading facility

New Delhi, July 3: India's largest bank State Bank of India (SBI) today announced the launch of its online share trading facility for its cutomers at a few select branches in Delhi.

SBI Delhi Circle Chief General Manager Gautam Kanjilal will formally launch this facility tomorrow and the facility will be available across five branches in Personal Banking New Delhi, Chandni Chowk, Defence Colony, Delhi University and Rail Bhawan Branch.

Customers of SBI who already has a bank account with a core banking branch can avail this service from any of the select branches extending this facility, said a statement.

The services are among the best offered by any player in the market. The advanced technology ensures seamless execution of transactions which gives customers a feel of real time experience, added the statement.

Customers can add NSE and BSE scripts on the same market watch and create multiple market watches and set his default market watch. Customers can be assured of the highest level of safety as the system in powered by VeriSign certification with 128 bit encryption.

SBI has introduced a unique facility where a customer can 'Block Funds' in his own savings account or 'Block Shares' in his Demat account to trade online. The shares/funds are actually transferred to the brokers account at the end of the day only if the transactions placed by the customer are executed. Intra day trading to the extent of five times the funds allocated are allowed for the customer.

UNI