OCB Account Type

OCB offers various types of trading accounts to cater to different investor needs. These include:

• Beneficiary Account: This account allows investors to hold securities in their own name, providing ownership and direct control over their investments.
• Clearing Member Account: Designed for brokers or clearing members, this account is used for the settlement of trades.
• Intermediary Account: This account is available for SEBI-registered intermediaries for stock lending and borrowing purposes.

Each account type serves a specific purpose and is tailored to meet the requirements of different clients in the trading ecosystem.

OCB Broker Account Opening Process

To open an account with OCB, follow these steps:

• Eligibility: You must be at least 18 years old and hold a national identity card (ID card).
• Required Documents: Prepare necessary documents, including:
• ID card or passport
• Resident identity card (original copy)
• Visit the Bank: Go to an OCB branch and take a queue number. Inform the staff of your intention to open an account.
• Fill Out the Application: Complete the pre-made registration form provided by the bank staff. Ensure that you provide accurate personal information.
• Signature Verification: You must provide a legitimate signature in person, as it is crucial for future transactions.
• Account Opening: After submitting the form and necessary documents, your account will be processed.
• ATM Card: If you wish to apply for an ATM card, you may need to wait for an appointment to collect it, which can take from 1 week to 1 month.

For online account opening, OCB has introduced the OCB Omni digital banking platform, allowing customers to register for accounts without visiting a branch.