BO Account stands for Beneficiary Owners Account. If you want to start investing and stock trading in the stock market in Bangladesh then you need to open a Beneficiary Owners account. Just like a Bank Account is used to hold your money, your BO account is used to hold your shares. All shares from new IPO’s and most of secondary market shares are in electronic form and a BO account, owned by you the investor, holds the electronic shares.
Opening a BO account is the first step to start trading in the stock market in Bangladesh. To open a BO account, simply click on this link: BO Account. Once you fill it out, your BO account will be opened in 2 business days. Please check your email for BO Account Confirmation after 2 working days.
To open a Single/Joint BO Account you simply need the following documents.
To open a NRB BO Account you simply need the following documents:
Opening a BO account costs only Tk. 480.
A primary shares is where brand new shares (or bonds) are created and offered to the public (for example through an Initial Public Offering or IPO, mainly through lottery).
The secondary market is where after IPO, issued shares (or bonds) are traded, i.e.: the Stock Exchange (through regular buying and selling).
Actually there is only one type of BO account. And you can use any BO account for both applying for IPO (primary) and also Buy & Sell shares (secondary). All BO accounts have the same functions.
After opening a BO account you simply need to put money into your BO account to start buying shares in the Dhaka Stock Exchange. Simply fund your BO account from your bank account. You can deposit money into your BO account by using cash, cheque, Electronic Fund Transfer, online bank deposit, payorder and bKash, Rocket or Nagad (1% service fee for using bKash, Rocket or Nagad only). You can use our Deposit link to make easy deposits.