Mumbai, Nov 24: Geojit Securities, one of the largest retail broking house and a depository participant with NSDL, plans to expand its network by 25 more branches by the end of the year and expects to have 100 branches throughout the country in another two years time. Currently, the company has 40 branches accross the country and also caters to around 2000 NRI clients.According to the company, it also plans to start internet-based trading once the regulatory framework is in place. Currently, the investors who are holding accounts with Geojit Securities, can download their transaction statements and also statement of holdings on a daily basis from the company's website. As an value addition, the investors also get the market value of their holdings on date, updated with the NSE closing prices.
The company has also started its depository services in Mumbai with direct connectivity. This facility was inaugurated by CB Bhave, managing director, National Securities Depository Ltd (NSDL) on November 23.
Only recently, with the main objective of furthering its reach of operations, Geojit Securities has also acquired a merbership card of the Bombay Stock Exchange. The company already has memberships in National Stock Exchange, Cochin Stock Exchange and a dealer with the OTCEI.
According to the company, for its broking clients, the depository services will be totally free. For the non-broking client, there will be no account opening charges.
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