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SBI Securities Demat Account Charges, Review, Opening


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State Bank of India is India's largest bank. SBI provides a wide range of product and services through its subsidiaries.

SBI Demat Account is a key offering by the bank. SBI offers demat account related services through SBI Cap Securities Ltd (SBICap or SBICapSec). Incorporated in 2006, SBICap provides broking, investment and loan products. It offers these services to individual and institutional customers. It is a SEBI registered depository participant (DP) with CDSL and NSDL.

SBICAP's product portfolio includes Equity, Currency and Derivatives trading, Depository services, IPO services, Mutual Funds, Bonds, NCDs, Home and Car Loans.

SBICAP Securities Facts

  • Part of State Bank of India, the largest financial service provider in India
  • Member of SEBI, BSE, NSE, CDSL and NSDL
  • Full-service broker offering a range of add-on services
  • A large research team for customer advisory
  • Advanced trading platform with screeners, heat maps and other analysis tools.
  • Multi servicing channels including online/branches/doorstep etc.
  • 115+ branches across the country
  • 1000+ field force offering doorstep services

SBICAP Demat Account

SBICAP is the depository participant (DP) of both central depositories - NSDL and CDSL. The central depositories manage the Demat accounts. The brokers like SBICap act as an intermediary between the depository and the customer.

You can open the demat account with CDSL or NSDL through SBICAP. You need to pay a fee for opening and the maintenance of the demat account. Depositories also charge a fee on every debit transaction on the demat account.

SBI DP Membership Info:

  • NSDL: IN-DP-NSDL-369-2014
  • CDSL: IN-DP-314-2017

10 Reasons to open Demat Account with SBICAP

  1. SBI 3-in-1 Account; an integrated platform of Savings Bank A/c, Demat A/c and Online Trading A/c).
  2. Option to choose between CDSL and NSDL.
  3. Manage your demat account online at any time of the day
  4. Hold multiple securities stocks, derivatives, mutual funds and bonds etc.
  5. Apply IPO online using ASBA net-banking
  6. Facility to freeze the account, if needed.
  7. Corporate benefits i.e. bonus, dividends etc automatically credited in your account.
  8. SBICAP is a full-service broker offer branch support and free research reports.
  9. 1000+ SBI Bank branch provide demat account support
  10. Around the clock (24x7) customer service

SBI Securities Demat Acct Opening Fee

To open a new demat account with SBI Securities, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the SBI Securities Demat Account Opening Charges and SBI Securities AMC as below:

  • SBI Securities DP Account Opening Fee: ₹0
  • SBI Securities DP Account AMC: ₹350
  • Share Debit Transaction Fee: 0.01% (Min ₹21, Max ₹300)
  • Is demat account mandatory?: No

SBI Securities Demat Account Charges

SBI Depository Service Charges for Resident Retail Customers
Sr. No.Fee HeadTypeFees
1 Account Opening - ₹850
2 Dematerialization Certificate + Dematerialisation Request ₹5 per certificate + ₹35 per request
3 Rematerialisation Rematerialisation Request ₹35 per request + ₹10 for every hundred securities or part thereof; or a flat fee of 10 per certificate whichever is higher
4 Annual Maintenance Charges Holding Less than 50,000 Nil
Holding greater than 50,000 Less than 2,00,000 ₹100 per annum
Holding greater than 2,00,000 ₹500 per annum
5 Pledge Services If SSL/SBI is the counter party 0.02% of Value or Min ₹25 whichever is higher (Plus CDSL Charges)
If SSL is not the counter party 0.04% of Value or Min ₹50 whichever is higher (Plus CDSL Charges)
6 On-Market (Sell Market) / Off Market with POA (applicable for On Market Instructions only) 0.01% (Min. ₹21 Max. ₹300 )
For instruction submitted through internet 0.01% (Min. ₹21 Max. ₹300 )
For instruction submitted through Branches 0.04% (Min. ₹30) Extra Charges of ₹10 per ISIN for Late submission
Buy- market and off-market Nil
Rejection / Failed instruction ₹10 per failed instruction
7 Additional Accounts Statements By Courier ₹30
By Email Nil

Frequently Asked Questions

  1. 1. How to open demat and trading Account in SBI?

    Follow one of the below steps:

    1. Visit SBI Bank branch and ask them for 3-in-1 Account.
    2. Give a missed call to 092667 92667.
    3. Open an online account on SBISmart website. This is a paperless process. No signature or printing needed.

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  2. 2. How to do trading in SBI Demat Account?

    Stock trading involves 3 different accounts:

    1. Trading Account
    2. Bank Account
    3. Demat Account

    SBI Demat Account holds securities in the digital form. It works like a bank account. As the bank account holds money, the Demat account holds securities. The securities such as Shares, Mutual Funds, and shares allocated through IPO etc.

    The shares are credited into demat account every time the customer buys new securities and is debited when they sell it.

    The central depositories (CDSL and NSDL) manage the Demat account. The broker like SBO only acts as an intermediary between you and the central depository.

    SBI Trading Account is used for stock trading (buying and selling of the shares). Customer place orders for buy or sell equity shares in trading account online or over the call.

    SBI Bank Account is for credit/debit of money for transactions done in the trading account. When the customer buys the share, the money is withdrawn from the bank account. When the customer sells the shares, the money received is credited in the SBI Bank account.

    Trading is done in Trading Account. The Demat and Bank accounts provide shares and money needed.

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  3. 3. How to check SBI Demat account status?

    It takes 3 working days after your documents reached to SBI to open your account. If you do not get a response in 3 days, you could check your application status online or by visiting the branch.

    You could check SBI Demat account opening status by visiting the Customer Service webpage of SBI Smart website. Application reference number and PAN number is required to check the application status online.

    You could also check the SBI Account Opening Status by visiting the branch or calling the customer service.

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  4. 4. How to activate SBI Demat account?

    Once SBI Demat account is opened, a welcome Letter is sent to the customer. This welcome letter has all the account details like DP number, Bank account number and Client Code.

    A separate letter is sent with the password for online trading and the demat account. Your account is activated as soon as you login in the account. You could start trading once you are logged in to an online trading account.

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  5. 5. How to access SBI Demat account?

    SBI Demat Account holds securities (shares, mutual funds, bonds etc.) in electronic format.

    To view the demat holding:

    1. Visit www.sbismart.com
    2. Click on Login -> DP Login
    3. Select "Demat Holding" icon from "Menu" option to view all the Holdings available for Sale.

    You could also view your holding in SBI Trading Account at:

    1. Visit www.sbismart.com
    2. Click on Login -> Trading Account
    3. Go to 'Portfolio Screen' under 'Menu'
    4. Portfolio screen consists of 3 Tabs (Current Holding, Zero Holding and Negative Holding). Current Holding indicates the holding available with you for selling.

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  6. 6. How to apply SBI Demat Account Online?

    SBI Yono App can help you open an online instant paperless trading and demat account.

    YONO by SBI is a mobile app where the customer could do online banking and investment using one single application. YONO is designed to provide almost all SBI services under one application.

    Note that this platform is still under active development. Multiple users have reported unexpected errors and downtime.

    Online Account Opening is a key feature of YONO mobile app/website. You could open instant paperless SBI Demat account online using YONO App. Note that one visit to the branch is still needed to complete the account opening process.

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  7. 7. Why I have been asked to sign a Power of Attorney while opening the Demat account with SBICAP?

    Limited Power of Attorney (PoA) to the broker is essential for online stock. Without it, the online sell transactions cannot be completed.

    Read more about Power of Attorney - Explained with Examples

    /article/power-of-attorney-for-demat-account-explained-faq/310/

    The PoA allows the broker to withdrew the shares from your demat account to deliver it to the buyer when you sell them through your trading account.

    The limited PoA also helps with:

    • Block/lien/pledge securities for margin requirement
    • Transfer charges on your Demat account to your trading ledger

    In a way, signing the PoA smoothens and quickens the trading process and management of your securities.

    Is Demat PoA to the broker is safe?

    Yes, it is for the following reasons:

    • It's a limited PoA. It gives only certain permission to the broker.
    • SEBI and the stock exchanges regulate the transactions.
    • The broker cannot change customer information, withdrew shares without customer knowledge or misuse the demat account in any way.
    • The customer can revoke the limited PoA at any time.
    • The customer gets SMS alerts and account statements form Depository (CDSL and NSDL) for every transaction in demat account. This is beyond the broker's control.

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  8. 8. Who can open a Demat account with SBICAP?

    All resident Indians, Non-Resident Indians (NRIs) and Institutions can open a Demat account.

    A minor can also open an SBI Demat account. The legal guardian operates the account on his behalf till the minor becomes a major. Documents (PAN and Aadhar) of the legal guardian are required at the time of SBI minor Demat account opening. The Guardian has to sign on the forms too.

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  9. 9. I already have a Demat account. Can I open another account with SBICAP?

    An individual can open multiple demat accounts on his/her name. But only 1 demat account is allowed per depository participant.

    If you have a demat account with some other broker then you could open another demat account with SBI. This won't cause any problems as both these demat accounts work totally independent. This is similar to you having saving bank account in two or more banks on your name.

    If you already have a Demat Account with SBI, you cannot open another demat account with them.

    Note that Demat accounts attract Account Maintenance Charges (AMC), so it is better to open accounts as per your trading needs. Brokers charge between Rs 300 to Rs 1200 AMC every year.

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  10. 10. Can I open a joint demat account in SBI?

    Yes, you can open a joint demat account in SBI. You can include up to 3 people in a demat account. One will be the main holder of the account whereas others would be called joint holders.

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  11. 11. Why does my bank account is linked with the SBI Demat account?

    It is mandatory to link the bank account with the Demat account. All bonuses, dividends etc., earned by your securities will be credited to this account.

    Trading or investing in the stock market requires 3 accounts:

    • Trading Account
    • Bank Account
    • Demat Account

    When you buy shares using your trading account, the money is withdrawn from the linked bank account and the shares are deposited in the liked demat account.

    When you sell shares using your trading account, the money is deposited in the linked bank account and shares are withdrawn from the linked demat account.

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  12. 12. Can I open only a trading account with SBICAP?

    SBICAP offers a 3-in-1 account i.e. a trading, a Demat and a bank account linked to each other. It doesn't offer to open only a trading account.

    If you already have an SBI bank account then you don't have to open another one. You can specify the existing account detail in the form. This will be linked with your trading and demat account. In case you don't have an SBI Bank account, an account will be opened with the trading account.

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  13. 13. How to close SBI demat account?

    You cannot close or deactivate your SBI Demat account online. There are 2 ways to deactivate your SBI Demat account-

    • Visit sbismart.com/download and download the 'Account Closure Request- DP and Trading' form. Print, fill and sign it. Send it to the address provided in the form along with the requested documents.
    • Visit any of the SBI branches near you and ask for a Demat account closure form. Fill, sign it and submit it back to the branch along with requested documents.

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  14. 14. What are the SBI Demat account closing charges?

    You don't have to pay any charges to close your Demat account. You have to clear all the pending dues before initiating the Demat account closure process.

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  15. 15. I am unable to produce unused SBICAP DIS booklet? What should I do?

    You need to submit your unused DIS booklet along with the Demat closure form while closing the account.

    If for some reasons, you are unable to produce the unused DIS booklet then you can download the 'UNABLE TO PRODUCE UNUSED DIS BOOKLET' form by visiting download section of SBISmart website and submit it along with the account closure form.

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  16. 16. What are SBI demat account charges?

    SBI Demat Account Opening Charges

    SBI demat account charges

    SBI Trading + Demat Account Opening Charges

    ₹850

    SBI Demat Account AMC

    ₹500 per year

    SBI Demat account closing charges

    ₹0

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Information about SBI Securities demat account, SBI Securities demat account review, SBI Securities demat account charges, SBI Securities demat account opening, SBI Securities dp charges, SBI Securities demat charges, and SBI Securities dp id.

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Information on this page was last updated on Friday, November 2, 2018


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