Jana Small Finance Bank, which recently celebrated its 3rd anniversary, today announced its tie-up with Axis Securities, a wholly-owned subsidiary of Axis Bank, to offer its customers the perfect blend of banking and investing through 3-in-1 account. The 3-in-1 account integrates seamlessly Savings Bank Account maintained by Jana Small Finance Bank & Demat and Trading Accounts maintained by Axis Securities.
The 3-in-1 account will make it easier for customers to transfer funds quickly, reduce paperwork and most importantly provide a single seamless platform to invest in various investment instruments including Mutual Funds, SIP, equities and other investment avenues offered by Axis Securities. The customers can opt for various services of Axis Securities like Mutual fund investing, Stock broking, Investment advisory and Portfolio management services, along with the opening of Trading / Demat account.
Speaking on the new association, Ajay Kanwal, MD and CEO, Jana Small Finance Bank said, “We are delighted to give our customers access to a scalable 3 in 1 platform. This tie-up with Axis Securities will continue our endeavor in building meaningful relationships with our customers by providing them with access to smart financial planning tools that will help them in wealth creation journey. We believe the key attraction for Jana customers will be mutual funds SIP where they can invest a pre-decided amount every month in MF scheme of their choice.”
Commenting on the partnership, Mr. B Gopkumar, MD & CEO, Axis Securities, said, "We are happy to collaborate with Jana Small Finance Bank and to extend our investment solutions to their customers. We are confident that Jana Small Finance Bank customers will benefit from seamless and convenient access to our technology-driven, dynamic range of products and valuable research insights. This tie-up is another step in our journey to empower investors to take charge of their finances by making informed investment decisions.”
About Jana Small Finance Bank
Jana Small Finance Bank Limited (Jana Small Finance Bank) is one of the leading Small Finance Banks of India in terms of assets under management and deposit size as at March 31, 2020. Jana Small Finance Bank has the second most geographically diversified portfolio with a pan-India presence among all Small Finance Banks in India as at March 31, 2020. As at February 28, 2021, Jana Small Finance Bank had 611 Branches, including 166 Branches in Unbanked Rural Centres, and 134 ATMs located in 229 districts in 20 states and three union territories. Jana Small Finance Bank has served over 8.00 million customers since 2008, including approximately 3.05 million active customers.
Jana Small Finance Bank Limited (the “Bank”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a [draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India. The DRHP shall be available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the BRLMs i.e. Axis Capital Limited, ICICI Securities Limited and SBI Capital Markets Limited at www.axiscapital.co.in, www.icicisecurities.com and www.sbicaps.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors" of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.
This announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended, or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Bank and that will contain detailed information about the Bank and management, as well as financial statements. However, no public offering of securities is being made in the United States
About Axis Securities
Axis Securities Limited (ASL) is a proud subsidiary of Axis Bank – India’s 3rd largest private sector bank. With a robust branch network across India, ASL offers retail broking services under its flagship brand Axis Direct (www.axisdirect.in). Axis Direct engages in offering simplified investment solutions to customers. It offers a bouquet of investment products to its customers e.g. Equities, Mutual Funds, SIPs, IPOs, Derivatives, Bonds, NCDs, ETFs, and Company Fixed Deposits. With over 36 lakh customers, Axis Direct is one of the fastest-growing players in the industry.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Axis Direct is a brand under which Axis Securities Limited offers its retail broking and investment services.
Trading Member| Axis Securities Limited,CINNo.U74992MH2006PLC163204 | SEBI Single Reg. No.- NSE, BSE,MSEI, MCX & NCDEX – INZ000161633 | ARN- 64610 SEBI-Research Analyst Reg. No. INH 000000297 IRDA Corporate Agent (Composite) Reg. No. CA0073 | Portfolio Manager Reg. No.- INP000000654 | SEBI Depository Participant Reg. No. IN-DP-403-2019 |Investment Advisor Reg No. INA000000615. Registered Office Address - Axis House, 8th Floor, Wadia International Centre, P.B. Marg, Worli, Mumbai-400025. In case of any grievances please write to: firstname.lastname@example.org. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Axis Securities Limited - ARN-64610-AMFI-Registered Mutual Fund Distributor. ASL is just acting as a distributor of Bonds and Debentures. These products are not Exchange-traded products and all disputes with respect to the distribution activity, and Products and services not traded at the Exchange would not have access to Exchanges' investor redressal forum or Arbitration mechanism. Any communication/information sent to clients on phone numbers or e-mail ids registered with the Trading Member is meant for client consumption and such material should not be redistributed. Brokerage will not exceed the SEBI prescribed limit.