How can I activate the Securities Lending & Borrowing Scheme (SLBS) ? facility?
To activate the SLBS facility in your account, submit the following forms at your Geojit branch:
You can also activate SLBS online via MyGeojit :
- Go to 'MyGeojit'.
- Click on 'My Accounts' > Profiles > Activables.
- Scroll down and find SLBS Registration.
- Tap on the 'Activate Now' button.
- Agree to the terms and conditions.
- Click on Activate Now.
What charges are applicable for lending through SLBM?
A brokerage fee of 15% is charged on the SLBM lending fee. In addition to this, 18% GST is charged on the brokerage amount. Apart from brokerage and GST on brokerage, no other charges (STT, exchange levy, etc.) are applicable.
Live SLBM rates are available and integrated into the Flip mobile application.
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