Migration - Motilal Oswal to SBICAP Securities

Dear Customer,

At the onset we wish to extend our compliments to you on behalf of SBICAP Securities Limited (SSL). We are a subsidiary of the illustrious State Bank of India group & have been broking partners in the 3-in-1 online trading product offered by SBI since 2007.

We thank you for using the 3-in-1 online trading product. Further we would like to inform you of the upcoming changes in the existing Online Trading arrangement.

1.   In your existing 3-in-1 arrangement the Bank and Demat account is with State Bank of India and the Online Trading account is with Motilal Oswal Securities Limited (MOSL). To offer you an integrated trading experience it has been decided that the bank’s existing arrangement with MOSL will not be continued beyond 31st March 2011. Now, as a subsidiary of SBI, we have a similar arrangement for providing 3-in-1 trading facility where the Online Trading account is with SSL instead of MOSL. Hence, we request you to open new trading accounts with SBICAP Securities Limited to be able to use the 3 – in – 1 trading facility.

2.   Your experience and satisfaction are our top priorities. We have therefore taken up the following steps to `ensure that your new account opening experience with SSL is smooth and hassle free –

         i.            Your new account with SSL will be opened free of cost!

       ii.            Our representative shall approach you at your convenience and complete the formalities for opening the new trading account.

      iii.            You shall continue to trade from the existing Bank and Demat account with the only change being in the Online Trading account.

     iv.            There are attractive brokerage rates on offer; so you can benefit from value pricing.

       v.            The SSL platform offers a comprehensive bouquet of online products including Cash, Futures and Options, IPO and Mutual Fund and therefore the offering to you shall only be wider.

3.   We request you to arrange to complete the account opening formalities at the earliest as MOSL’s trading platform would not be available beyond 31st March  2011. We regret the inconvenience that may have been caused to you in this process and assure you of a smooth migration exercise. In case of any queries, please feel free to call us on 022-4227 3556 or e-mail us at migration@sbicapsec.com.

We thank you for your continued patronage & assure you of our best services at all times.

Warm Regards,

SBICAP Securities

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