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 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.
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