“SBI Demat Account Review“
SBICAP Securities Ltd (SSL) is the broking arm of the State Bank Group and a wholly owned subsidiary of SBI Capital Markets Ltd. SSL commenced operations in the first quarter of financial year of 2006-2007 with a view to providing primary and secondary capital market access to investors.
The Company currently has in its fold a wide segment of clients including Banks, Financial Institutions, FIIs, Mutual Funds, Corporates, High Networth Individuals, Non-Resident Indians and Retail domestic investors. Its broking product range covers Institutional and Retail Equity, Derivatives, Depository Participant services, Online trading and a wide variety of Third Party Distribution products.
SBI Demat Brokerage Charges and Plans
Following table illustrates brokerage charges of SBI demat account for various segments,
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In our view, the above charges are on higher side. Some of the premier discount brokers like Zerodha and RKSV are offering zero brokerage (only on Delivery trades). So if you are keen on saving on your brokerage, you can consider some of these brokers.
You can read our review of Zerodha: Detailed review of Zerodha and its Brokerage Charges
SBI Demat Account Opening Charges
- Account Opening Charges for Individuals : Rs 850
- Account Opening Charges for Non-Individuals : Rs 1000
SBI Demat Account Maintenance Charges (AMC)
- SBI Account Maintenance Charges (Individuals) : Rs 800/- per year
- Closure of the account : NIL
SBI Trading Platforms
SBI desktop Trading software:
SBI has come up with proprietary software called eZ-trade@sbi which is provided to all the clients trading with them.
SBI Smart Mobile Trading App:
Through SBISMART Mobile Trader App, users can track live Indian financial markets, news, monitor your stocks and trade on the move. Using this app, traders can view latest quotes, execute or cancel trades, access research reports, get live research calls.
SBICap Securities Registration and Contact Information
SBICap Securities SEBI Registration: NSE(Cash): INB231052938; NSE(F&O): INF231052938; BSE(Cash): INB011053031;
SBICap Securities Contact Information: Registered Office Address: SBI MUMBAI MAIN SPBB BRANCH, MUMBAI SAMACHAR MARG, GATE NO 1, HORNIMAN CIRCLES, FORT, Mumbai-400001; Contact Number : 022-22631289 SBIcap Securities E-Mail : firstname.lastname@example.org SBIcap Securities Complaints or Grievances : email@example.com
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