SMC Global Securities Limited ties up with Dhanlaxmi Bank Limited to provide 3-in-1 Account to its clients

 New Delhi: SMC Global Securities limited today announced a strategic alliance with Dhanlaxmi bank for offering online trading services to the bank customers. This tie-up will offer an integrated 3-in-1 account comprising of a Savings, Demat and Trading account providing a hassle free and convenient trading experience to the Dhanlaxmi Bank customers through the portal apart from mobile trading app (SMC ACE) and desktop based software.

The trading platform is a high end, integrated application for fast, secure and hassle free execution of trades. This tie up will help SMC Global increase its client base by leveraging upon the bank’s deep presence in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and other parts of the country. This tie-up will help the bank provide additional services to its account holders and to generate an additional source of revenue.

Under this arrangement, SMC Global will open the Trading account and the Bank will maintain the bank account as well as the Demat account of the customer.

On this occasion Shri. Ajay Garg, Director and CEO, SMC Global Securites Ltd. said, “It is prestigious for SMC to tie up with Dhanlaxmi Bank and it will bring in a fast, secure and hassle free experience to the bank clients for investing and trading in shares from a mobile or desktop. It will also help SMC increase its presence and client base in southern part of India.”

About SMC Global Securities Limited:

SMC Global Securities Ltd. (SMC) is primarily engaged as a stock broking company along with other lines of business activities such as trading, arbitrage, wholesale and retail debt market, depository activities, distribution of financial services, research support services. Along with its subsidiaries, it has a well-diversified financial services business model reflecting a significant presence in almost all important segments of the financial services section such as Broking, Distribution of Mutual Funds, IPOs & other third party services, Debt Securities (Bonds), Discount Broking, Insurance Broking, Financing (NBFC), Real Estate Advisory, Wealth Management, Mortgage & Loan Advisory, Loan Advisory, Investment Banking, Clearing Services, Depository Participant Services, NRI and FPI Services, etc.

SMC caters to about 1.9 million customer base and has presence across 550+ major cities/towns in India. It has a strong network of approximately 2550 authorized persons and sub brokers. SMC group employs over 3,650 employees (as on March 31, 2021), leveraging a strong partnership and ownership culture.


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