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Geojit inks pact with Punjab National Bank to offer three-in-one account

and joined hands to tap retail customers, who are aiming to save more and betting big on capital markets amid pay cuts and falling income levels.

Both the entities signed an agreement to offer a “three-in-one account”, which will combine savings and demat accounts of the bank with the non-bank’s trading account.

“This will help clients diversify their investments and manage it all through one account,” said Satish Menon, Executive Director of Geojit Financial Services.

“PNB clients can now open a Geojit Trading account online in a few steps and start investing online in equity as well as Geojit’s Smartfolios product, which offers baskets of carefully curated stocks,” he said.

The 3-in-1 account makes it easier for PNB customers to transfer funds real time via the payment gateway facility from their savings accounts to meet their investment needs.

The trading account, which can be opened online in 15 minutes, does away with paperwork and provides a seamless interface to invest online in various investment avenues offered by Geojit, it said in a release.

“All our clients can now invest in the capital markets, anytime anywhere,” a PNB spokesperson said.

Geojit had a similar tie up with Oriental Bank of Commerce (OBC), which along with UBI has now merged into PNB.

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