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Paul Noronha

Mr Sundip Bandyopadhyay, (Left) Director & CEO, Reliance Money, with Mr U. Balakrishna Bhat, General Manager, Corporation Bank, at a press conference to launch free trading account to customers on Tuesday. —

Our Bureau

Mumbai, Oct 23 Reliance Money, the financial services and distribution arm of the Anil Dhirubhai Ambani Group, today announced its tie up with Corporation Bank to offer broking services to the customers and clients of Corporation Bank.

Under this agreement, the depository system of Corporation Bank would be linked with Reliance Money’s trading platform and consumers having DP accounts with the Corporation Bank would be able to trade on the Reliance Money Platform.

“We expect to add over two lakh demat accounts with this tie up, with our effort focused to get the not-so-savvy semi-urban and rural investor to participate in the stock market,” said Mr Sudip Bandyopadhyay, Director and CEO, Reliance Money.

The customers will be offered a free trading account for a year for trading up to Rs 5 lakh.

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