SBI Securities Demat Account
SBI Capital Markets Ltd. has the trading unit named as SBI Securities, that offers Brokerage services and allows trading/investing in the Equities, Derivatives(FNO), Retail Equity etc. The broker has the membership of BSE and NSE. The SBI demat account is registered with CDSL. It offers 3-in-1 account (Demat, Savings & Online Trading A/C) that gives a convenient investing experience. Also, the Low bandwidth option is available to allow access from any place. Quick fund transfer is possible through SBI Securities in order to encourage the accuracy in trading. It takes ahead the process smoothly without any delay regarding fund updates. Both the Resident Indians and NRIs are allowed to invest in equities, F&O, IPOs, Mutual Fund etc.
Customer support facilities like Toll-Free Number, Phone Support, Email Support etc are available with the SBI demat trading account. You can also enquire about the other charges involved like Stamp Duty, Commodity Transaction Tax (CTT), SEBI Turnover Fee or SEBI Charges, Service Tax before commencing trade with the SBI demat account. One can have a glimpse of SBI demat account opening prices or SBI online charges given below:
SBI Securities Demat Trading Account Opening charges and brokerage
|Trading Account AMC||NA|
|Demat Account||Rs. 850|
|Demat Account AMC||Rs.400|
SBI Demat Account: Brokerage Charges
|Equity Intraday||0.075% In I & II Leg|
|Equity Futures||0.05% of Turnover|
|Equity Options||Rs 100/lot|
|Currency Futures||0.03% of Turnover|
|Currency Options||Rs 30/lot|
SBICAP Securities claim to open Demat and trading account within 24 working hours as soon as the account opening forms are received. After the activation of the account, confirmation is sent by the help of email or SMS mentioned in the account opening form. Further, the account holder would receive a Welcome call from the representative and other information regarding your trading account will be updated to you.
SBI demat account provides following trading platforms:
Desktop Trading Platform
SBI SMART EXPRESS is the terminal based trading software from SBI Securities that can be downloaded and installed on the computer or laptop. This trading platform is beneficial for the high volume traders as it intensifies the performance by quick order execution.
Web Trading Platform
SBI Smart Web is a browser-based trading platform which can be directly accessed through a link without any download or installation. With this trading platform, a client just needs to provide valid credentials and can easily start trading after logging into the same. It can be accessed using any device such as Laptop, Mobile, Desktop, or Tablet.
Mobile Trading Platform
SBI SMART Mobile App is not that satisfactory. It is considered as an average mobile trading app as per ratings and reviews of users. In terms of performance, it has various issues. However, it is decently designed by keeping in view the traders’ requirements. But still, the application is not as per the expectations of the users.
SBI Demat Account closure
- Firstly, if the account holds any negative cash balance, that must be settled before submitting the request for its closure.
- Demat account holders can visit the DP office or branch and submit the requisite form and documents.
- The SBI demat account holder can download the application form for the same from the SBI website.
SBI Securities plus points
- It belongs to the well-recognized bank.
- It holds the variety of tools and long product list.
- Wide network.
- Many investment options are available.
SBI Securities negative Points
- SBI Securities offers high brokerage rate.
- According to the reports, their trade services are not that satisfactory.
- Trade Calls and research accuracy not that good.
- The trading platform needs to be upgraded, they are not technically sound.