Marwadi Financial Services enters into partnership with NSDL Payments Bank to offer Integrated Trading & Savings Bank Account to Investors

Mumbai (Maharashtra) [India], January 13: Marwadi Financial Services continues to expand its bouquet of partnerships to provide a faster & effective investment and trading experience to our customers. Their latest affiliation with NSDL Payments Bank will allow Marwadi Financial Services to offer its clients an integrated 3-in-1 savings account that combines the features of savings, Demat and trading accounts. Using this account, investors will be able to seamlessly transfer funds in real-time and execute trades in almost no time. Users will also be able to avail margins without actually moving funds between their savings and trading accounts. The 3-in-1 account will provide the additional advantage to users of availing savings interest on funds lying idle in their trading account. This strategic partnership will help Marwadi to boost customer experience while allowing NSDL Payments Bank to access Marwadi’s clients and expand its customer base.

Announcing the partnership Mr. Gaurav Bhojak, Chief Strategy & Digital Transformation Officer at Marwadi Financial Services, said, “The integration of NSDL Payments Bank’s savings account is an inordinate step forward for us. Now our customers can experience an advanced trading experience offered by Marwadi Financial Services with a safe and secure banking mechanism backed by NSDL Payments Bank. This partnership will allow us to extend an innovative, single click and seamless experience to our clients for availing margins without going through the slow & traditional fund transfer journey while adhering to the regulatory norms. This tech integration will enable our customers to allocate funds while retaining the money in their bank’s saving account till trade is successfully executed.

With this addition, we are fully confident that our customers will appreciate the new level of ease and comfort this will bring to their investing experience. As digital transformation continues to reshape the financial services landscape, we at Marwadi Financial Services stay ahead of the curve by constantly introducing innovative products and solutions to bring ease of investing to every customer, which will result in an enhanced investing experience.”

Speaking on the partnership, Mr. Ashutosh Singh, President & CBO at NSDL Payments Bank, said, “NSDL Payments Bank is extremely delighted to add another compelling product in its expanding product suite in partnership with Marwadi Financial Services. The integrated savings bank account offering is in keeping with our mission of making the journey of payments and investments safer, simpler and seamless for the customer. The combined product offering with Marwadi Financial Services Ltd will allow broking customers to allocate funds to the broker for stock market transactions while retaining the money in their bank account until the trade is successfully executed, thereby earning them interest until the time such trade gets completed.

What’s more, the savings bank account allows the customers to tag and identify capital market transactions separately through the mobile banking app. This feature will be extremely useful to investors at the time of filing tax returns in understanding the flow of funds allocated for capital market transactions for any period.

Along with the account holders, the broking house benefits from this arrangement as the settlement is done on a real-time basis in a very cost-effective manner. Additionally, manual efforts and costs related to reconciliation are eliminated.

We are confident that all customers of the capital market will find this product persuasive from the lens of safety, utility and convenience, and this, in turn, will help us achieve scale.”

Marwadi Financial Services is the investment and financial services arm of the 3-decade young Marwadi Group. The group was incorporated in 1992 and has ventured into various sectors, including financial services, education and solar power. Across its verticals, the Marwadi group has witnessed steady growth and has a strong team of 2500+ employees. The company is present in 104 geographical locations across India, with over 500 partners that serve a strong community of 4 lakhs+ esteemed customers. Enabling and empowering their customers on their wealth creation journey, the company offers a wide range of financial products and services that include equity, commodity, currency, depository facilities, IPO, mutual funds distribution, and advisory services.

Marwadi Financial services is a trusted financial services solution provider. Through its robust business model, it delivers unmatched value to those seeking financial freedom. The company’s mission is to provide quality advisory services, not just to the existing set of loyal customers but to all investors across geographies in India, through innovative digital-first solutions and AI-based models. As a trusted, strategic financial partner, Marwadi Financial Services is deeply committed to gaining the customer’s confidence in investing for their financial well-being.

NSDL Payments Bank is a subsidiary of NSDL, the first and the largest depository in India. The bank is predominantly a digital bank and offers end-to-end digital banking products through self-service and assisted channels to customers of various segments. NSDL Jiffy is the flagship Mobile App (Available on Google Play Store and Apple App Store) of NSDL Payments Bank, which allows 100% digital Savings Account opening within a few minutes with an instant debit card and features like Recharge, Bill Payments, UPI, Integration of trading accounts with a savings account and much more.

The bank also offers Current Accounts, Prepaid cards and third-party products like Mutual Funds, Life Insurance & General Insurance. Its product suite also includes Financial Inclusion and Payment Products such as DMT, AePs, Micro ATM, BC Banking, Recharges, Bill Pay, PG and PoS solutions through a suite of well defined, designed, and modular APIs with its Banking Correspondents.

27 Replies to “Marwadi Financial Services enters into partnership with NSDL Payments Bank to offer Integrated Trading & Savings Bank Account to Investors

  1. Hello my friend! I wish to say that this article is awesome, nice written and include almost all important infos. I would like to see more posts like this.

  2. hello!,I like your writing so much! share we communicate more about your post on AOL? I need a specialist on this area to solve my problem. Maybe that’s you! Looking forward to see you.

  3. Hey! Someone in my Facebook group shared this site with us so I came to check it out. I’m definitely loving the information. I’m book-marking and will be tweeting this to my followers! Terrific blog and fantastic design and style.

  4. As I site possessor I believe the content material here is rattling wonderful , appreciate it for your hard work. You should keep it up forever! Best of luck.

  5. Your style is so unique compared to many other people. Thank you for publishing when you have the opportunity,Guess I will just make this bookmarked.2

  6. magnificent submit, very informative. I’m wondering why the opposite experts of this sector do not understand this. You should continue your writing. I am sure, you’ve a huge readers’ base already!

  7. I cling on to listening to the news bulletin speak about receiving free online grant applications so I have been looking around for the best site to get one. Could you tell me please, where could i find some?

Leave a Reply

Your email address will not be published.