Central Bank, Angel Broking ink pact

Central Bank of India and Angel Broking entered into a strategic tie-up offering Angel’s online trading services platform to the bank's customers. This tie-up will provide a complete bouquet of financial solutions to the bank's customers across the country. The collaboration will provide Angel an access to the huge client base and network that Central Bank of India has, helping it tap the untapped market and diversify its base.

The central theme of the solution is to make it easy for Central Bank customers to trade online, and manage all the three accounts i.e. deposit, demat and trading with a single online interface.

 

The platform allows the customer to lien mark funds from the banks deposit account towards the Angel trading account; block and unblock shares between bank’s demat account and angel trading account; and finally trade instantly. If the customer does not use the funds for trading, the lien mark is automatically released.