Apart from the private sector banks, most of the nationalized banks in India now also offer the online trading facility and Bank of India is no exception. Though a trusted name for the banking services, the Bank of India online trading services have not been too popular and have not picked up much yet. In fact, the Bankofindia online trading services are fast catching up with other big and popular names in the field of online trading. The bank of India online trading is a platform provided by the bank in association with a leading stock broker called M/S Asit C. Mehta Investment Intermediates Ltd. Let us dig a bit deeper and like other reviews at Money Super Bazaar, we will briefly try to review the Bankofindia online trading services here.

To avail the bankofIndia online trading facility you need to open a trading account which could be an Individual account or a joint account. The customers of bank of India online trading also need to have a demat account with their NSDL DPO and a savings bank account for money transactions (for crediting or debiting money in case of sale or purchase of stocks and shares). All 3 types of accounts can be integrated for a seamless bank of India online trading experience. For existing customers of the bank, the trading account opening formalities have been reduced to a minimal but for new customers; there is a process which has to be followed to enroll for the bankofIndia online trading facility. For a new customer, the bank provides a registration kit consisting of the application form. Out of the three accounts, only the demat account is subject to service and maintenance charges of Rupees 350 which are charged on an annual basis.

The portal for Bank of India online trading also provides some good tutorials and FAQs on trading and stock market basics to enhance your trading knowledge. You can also indulge in activities like "Intra day trading" and �Buy today sell tomorrow� through the Bankofindia online trading facility. To cut the long story short, online trading from Bank of India is a nice value added service and is bound to grow in popularity because of the features and benefits it offers.