Karnataka Bank offers Depository Services (i.e. Demat Account facility) to its customers to hold securities in dematerialized form. Bank has registered as Depository Participant (DP) with Central Depository Services (India) Ltd. (‘CDSL’ is one the Depositories in India.)
Bank also offers trading facility in association with Way2Wealth Brokers Pvt. Ltd. (i.e. registered stock broking company with head office located in Bengaluru, Karnataka)
Please note that Capital Market are subject to market risks and volatility which may have bearing on returns of interest as well as principal. Ensure you read the financials, and understand the market nuances before making the investment de-cision. We also advise you to consult a professional investment consult-ant/advisor/tax planner etc before you make a decision to invest/purchase.
3-IN-1 Account facility:
- ‘3-IN-1 account’ is a facility in which your Savings & Demat account will be with the Bank & Trading account will be with Way2Wealth Brokers Pvt Ltd.
2-IN-1 Account facility:
- ‘2-IN-1 account’ is a facility in which your Savings Bank account will be with the Bank and Demat & Trading account will be with IIFL Securities and Way2wealth Brokers Pvt Ltd.
Bank is providing both these ‘3-IN-1 & 2-IN-1 account’ facilities on Referral & Non-risk Participation basis.
Kind attention - Demat account holders of the BankAs per CDSL guidelines, following 6 KYC attributes are mandatory for all demat accounts w.e.f. 01.07.2022;
KBL Smart Trade a/c facility is available for existing customer of Karnataka Bank.
IIFLOpen A/c Instantly
For Resident Individuals only
To open Joint demat account or other than Resident Individuals accounts, Kindly Click here to register your details. Representative from IIFL Securities will contact you shortly.
To open an account with assistance of Way2Wealth representative
Information to Customers on Demat & Trading Account Click here