Public sector lender Bank of Maharashtra on Monday launched Maha-e-trade, an online share trading facility in a strategic tie up with Religare Securities, Munoth Capital Market and Enam Securities Direct.

“This product is a fast, easy, transparent and hassle-free way for investing and trading in shares in the secondary capital market through the National Stock Exchange and Bombay Stock Exchange,” Allen CA Pereira, chairman and managing director, Bank of Maharashtra, said.

He said initially, this service would be introduced through its 300 branches across the country and cover more branches in a phased manner.

“Maha-e-trade is a three-in-one integrated account and the bank helps customers to integrate banking, demat and trading accounts,” Pereira said.

The customers who have the internet banking-enabled accounts need to open a demat account with the bank and a trading account with any of the three approved brokers.

“Once demat account and trading accounts are opened, customers can log onto the bank’s internet banking site mahaconnect.in and carry out hassle-free share trading,” MG Sanghvi, executive director, Bank of Maharashtra, said.