SBI Group’s SBI Securities has just started a new campaign to promote Junior NISA account which will officially start trading from April, 2016. Junior NISA is junior (under the age of 20 ) version of NISA, Nippon(Japan) Individual Saving Account, launched in January 2014. The program is a new type of tax exemption program to encourage individuals’ investment and GMO Click Securities will also start to offer its trading from April.
When people open Junior NISA accounts, they must submit residency cards to the securities company. This requires additional work for them because they need to go and get their residency cards, and may lead to a drop in theory motivation to open the account.
The new campaign at SBI Securities gives a service to obtain residency cards instead of applicant who apply to open Junior NISA during the period from February 29 to March 31, 2016. This will be able to maintain or boost their motivation, and make the process to open the account more easily and smoothly as well. According to SBI Securities is the first in the securities industry to deliver this type of service which widely applies to online customers.
SBI Securities has accepted application for opening Junior NISA from November last year. In addition, the company has already decided to undertake a campaign offering free-trading fee at Junior NISA in 2016.
(Source: SBI Securities )
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