|
SHCIL unveils new product
MUMBAI, JANUARY 31: Stock Holding Corporation of India Ltd (SHCIL) today launched Sell-n-Cash, a product which enables account holders to realise proceeds from the sale of securities on the same day. Initially launched in Mumbai, this service will soon be extended to other major cities soon.A service charge of 2 per cent is being charged for the facility. SHCIL would debit the investor's account and issue a cheque for the value of the shares sold on the same day after ascertaining availability of shares in the investor's account and receiving the necessary confirmation from the broker. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
|