Capital Small Finance Bank Limited, India’s first small finance bank has launched 3-in-1 savings + trading + demat account in partnership with Motilal Oswal Financial Services Limited (“MOFSL”) to widen its product offerings and provide its customers with a convenient banking & trading experience.
The tie-up would allow customers access to research driven advisory from MOFSL and through the trading account of MOFSL, Capital Small Finance Bank’s customers can invest in their choice of investment options like equity, currencies, commodity products and other offers. Considering the growing digital space, the account can be also accessed and executed using various digital platforms like mobile apps, web portal, desktop and other .exe platforms, the bank said in a statement.
Sarvjit Singh Samra, Managing Director and Chief Executive Officer, Capital Small Finance Bank Limited said “We want to offer our customers an enriching banking experience and therefore Capital Small Finance Bank Limited takes pleasure in launching the 3-in-1 savings cum trading cum demat account, that will help them to operate the banking and trading services conveniently.”
The financial products offered through the 3-in-1 account includes equity, commodities, currencies, bonds, initial public offerings (IPOs) etc.
Ajay Menon, CEO, Broking & Distribution, Motilal Oswal Financial Services Limited said “Motilal Oswal Group has been into equity advisory for the past 35 years. With the leadership position in equity advisory of MOFSL and one of the leading small finance banks in Capital Small Finance Bank Limited, MOFSL & Capital Small Finance Bank Limited coming together is definitely a value proposition for the clients who choose to partner with us via this 3 in 1 account. We are glad to tie-up with Capital Small Finance Bank Limited and both the companies wish to achieve the objective of great customer services.”