FAQs
1. How to open a CDS account?
Procedure to open an Individual Account with John Keells Stockbrokers.
- Download the “CSE Mobile App” via the playstore
- Open App → Our Services → Open an Account. Input mobile number and email address and register yourself on the app.
- Once registered on the app, again select Our Services > Open an Account and put in your personal details and select John Keells Stockbrokers as the brokering firm.
Once the application is submitted, if everything’s in order the account should be open within 2 days.
Documents required,
NIC (Both sides)
Passbook picture/ Bank Statement
*For joint / foreign accounts kindly contact our documentation division to know the required documents
2. How to make a payment to JKSB?
Account Name: John Keells Stock Brokers Pvt Ltd
Account Number: 006106000986
Branch: Corporate Note: Please enter the CDS account number in the remarks.
Buying power will be updated real time provided that the CDS account number is entered correctly in the remarks.
Bank Of CeylonAccount Name: John Keells Stock Brokers Pvt Ltd
Account Number: 0000000908
Branch: Corporate
Note: Please enter the CDS account number in the remarks.
Buying power will be updated only the next day.
3. How do I know which stock to invest?
Kindly contact your dedicated registered investment advisor.
4. How to do online trading?
Download the online trading manual.
5. How does the buying power work?
Cash Only Accounts – Buying power is updated only upon sufficient credit in the CDS account.
6. What are the transaction costs involved?
Cost breakdown is as follows.
As per the SEC directive issued on 18th March 2024, the brokerage fees for transactions of Rs.1 Billion and above will be negotiable with effect from 31st March 2024. For this purpose, per transaction value will be considered.
The calculation of CSE, SEC, CDS fees and share transaction levy will remain unchanged.
Source: https://www.cse.lk/pages/transaction-costs/transaction-costs.component.html
7. How does the settlement work?
Settlement is in 2 working days (T+2) after the trade execution. Funds will be transferred to the client’s designated bank account. No cheque payments.
8. How do I reinvest the sale proceeds?
By default, for all our accounts the transactions are settled on T+2. Any credit balances plus the sales proceeds will be released to the bank account. If you wish to hold the cash in your account, please drop an email to [email protected] or make a portal entry requesting to hold the funds. Thereby the funds will be released only upon request to [email protected].
9. How do I update my KYC?
Speak to your investment advisor to receive the KYC link.
*For foreign clients we will send the softcopy of the KYC form.
10. How do I subscribe for rights?
If you wish to accept and subscribe to your rights (part or fully), please inform your Investment Advisor and submit the required remittance to our collection account at Nations Trust Bank – Corporate Branch (7162-006) Account Number 006106000986
If you are paying by cheque, kindly deposit same into the above mentioned bank account, at any branch of NTB, indicating your CDS account number on the deposit slip.
Please forward the proof of payment to [email protected] with a copy to your investment advisor. You may also send the image by Whatsapp to 074 047 7512. All payments will be acknowledged via electronic receipt by close of day.
11. How do I transfer the shares?
Kindly contact our documentation division to know the process.
12. Haven't received the dividends?
Dividends are handled by the relevant company secretaries.
13. What are taxes applicable?
There is no Capital Gains Tax imposed on quoted securities. However please consult your individual auditors for exemptions.
Withholding tax of 15% is charged on dividends.
14. How do I get the documents required for income tax/visa processes?
Kindly contact your dedicated investement advisor.