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Q. How can I buy Treasury Bills from Databank?

14 Jul, 2020 5032 Treasury Bills/ Notes
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A. Option 1
1. Visit a Databank branch with 2 passport size photos and a valid photo ID (e.g., passport, Driver’s license, Voter’s ID, SSNIT Biometric card).

2. Complete a T-Bill application form indicating the amount to be invested, the type of T-Bill to be purchased and the instruction (Rollover, Pay Interest on Maturity (PIM), Transfer Interest on Maturity (TIM) or Refund).

3. Pay the amount intended to be invested.

     Option 2

1. Download the Databank Brokerage Account Opening Forms at  www.databankgroup.com. Go to the Brokerage tab and select Treasury Bills. Alternatively, you can type bit.ly/buytbills in your browser to access the forms.
 
The Brokerage Account Opening Forms are also available on the Resources page on the website. Click on Forms and Applications.

2. Attach 2 passport-size photos and a valid photo ID (e.g., passport, Driver’s license, Voter’s ID, SSNIT Biometric card).

3. Submit a scanned copy of the filled forms to clientservices@databankgroup.com

4. The Databank client services team will send you your account number and instructions on how to deposit within 3 working days.