Frequently Asked Question

WHAT IS A BO ACCOUNT?

BO Account means ‘’Beneficiary Owner’s’’ Account. To invest in the capital market of Bangladesh you need to open an account which is called BO Account. The opening process of BO Account is almost similar to Bank Account.

HOW DO I OPEN A BO ACCOUNT?

You can open BO Account in a brokerage house (E.g: Innova Securities Ltd.) and to open the BO Account first you need to prepare few of the required documents and then you need to fill up the BO Account opening form properly

WHAT DOCUMENTS ARE REQUIRED TO OPEN A BO ACCOUNT?

1) NID/Passport copy of applicant
2) NID/Passport Copy of nominee
3) Photo of Applicant
4) Photo of Nominee
5) Bank Account’s Cheque leaf copy or Bank Statement of applicant
6) Scan copy of Signature (both Applicant and Nominee)

N.B: Since IBL  provides the facility of opening BO A/C through online so you just need to prepare the soft copy of the above mentioned documents

WHAT IS THE COST OF OPENING A BO ACCOUNT?

The cost of opening BO Account is BDT 150/-.