Know how to open a BO account

How to open a BO account for Share business


BO account is required to trade the Share in a listed Broker House of DSE or CSE. Without having a BO account with any Broker House you can’t trade the Share. So must have a BO account first to go for trade.

To open a BO account you have to perform the following tasks:

1. To open a BO account you must have a Bank account. So if you don’t have Bank accounts then open it now.

2. Select the Broker House :to select a broker house you can compare the commission they charge with one another. The commission of Broker house vary from (.1% to 1%) but this commission will never exceed 1% of the Trade amount. Now select a Broker house that charge lowest.Along with this you must compare the cash amount they take from you as a BO account opening fee.This fee vary from house to house it may range from Tk. 500-2000.

3. Collect and gather the following staffs
a. Photo copy of your National ID card (1 copy) ( sometime B.H. may ask attested) b. Passport sized photo (2-3 copies) ( sometime B.H. may ask attested) c. Passport sized photo of your nominee (1 copy) ( sometime B.H. may ask attested) d. Photo copy of the national ID card of your Nominee ( sometime B.H. may ask attested) e. Bank statement (1 copy). To collect it you have to go the bank with which you have your account.

4. Now ask and fill up the BO account opening form

5. Take the receipt with your Account Code

6. After accomplishing these within 2-3 days your account will be active and you will be able to Trade the Share. Beneficiary



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