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SBI Securities Vs GCL Securities Demat Account Comparison

The side-by-side comparison of SBI Securities and GCL Securities Demat Account. Compare SBI Securities Vs GCL Securities Demat account charges, AMC and Fees. Read GCL Securities and SBI Securities demat account review.

Find out SBI Securities Vs GCL Securities which is better demat account and SBI Securities Vs GCL Securities which is best demat account.

Our SBICAP Securities Ltd demat account comparison with GCL Securities Pvt Ltd highlights the major differences between two brokers. Find the best demat between SBI Securities and GCL Securities.

SBI Securities Vs GCL Securities

  SBI Securities GCL Securities
SBICAP Securities Ltd Logo GCL Securities Pvt Ltd Logo
About the Broker

SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd which is one of the oldest players in the Indian Capital Market and has a dominant position in the Indian primary capital markets. SBI Capital Markets Ltd. commenced broking activities in March 2001 to fulfill the secondary market needs of Financial Institutions, FIIs, Mutual Funds, Banks, Corporates, High Network Industry, Non-residential Investors and Retail domestic investors. SBICAP Securities Ltd. (SSL) is a company, which has been formed to take over the broking operations of SBI Capital Markets Ltd. SSL commenced operations in the first quarter of financial year of 2006-2007.

GCL Securities Private Limited, popularly known as GCL Securities or GCL Broking Broking, is a full-service broker providing a wide range of services to its customers. The company offers to invest in Equity, Derivatives, Currency, Commodity, Mutual Funds, IPO, and Fixed Income. GCL Broking offers free trading and Demat account opening to its customers.

DP ID 12047200 12082400
Contact Info

Marathon Futurex, 12th Floor,
A & B Wing N. M. Joshi Marg, Lower Parel,
Mumbai Maharashtra India - 400013

3rd Floor, Raghukul Tower, Khatipura T-point, Siris Road, Jaipur-302021

Services Offered

Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services, E-Broking and Currency Derivatives

Trading and Depository Services. The depository services include account opening, Demat requests, Remat requests, redemption, account transfer instructions, account closure, pledge creation, confirmation, closure, invocation, margin pledge, unpledge, repledge etc.

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SBI Securities Vs GCL Securities Demat Account Opening Charges

  SBI Securities GCL Securities
Demat Account Opening Fee

Nil

Nil

Demat Account AMC
  1. Individual Account: Rs 750 (Rs 500 for e-statement)

GCL Securities offers Standard and Lifetime AMC Plans to individual customers to opt for.

  1. Basic Standard Plan: ₹300
  2. Lifetime AMC Free Plan (One Time - Non-refundable): ₹1,250
Advance Deposit

Nil

Nil

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SBI Securities Vs GCL Securities Demat Charges

  SBI Securities GCL Securities
Dematerialisation Charges

Rs 5 per cert + Rs 35 courier charges per request

₹10 per certificate + ₹30 courier charges

Rematerialisation Charges

Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity

Actual CDSL Charges + ₹30 per request as courier charges

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)
  1. Through POA - 0.01% of the transaction value (Minimum of Rs 21 and Maximum of Rs 300) per ISIN
  2. Through DIS - 0.04% of the transaction value (Minimum of Rs 30) per ISIN

₹11 per transaction + GST (within GCL) and ₹21 per transaction + GST (outsideGCL)

Pledge Creation Charges
  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges

₹25 per ISIN + GST and for BSDA - ₹75

Pledge Creation Confirmation Charges
  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges

₹25 per ISIN + GST and for BSDA - ₹75

Pledge Invocation Charges
  1. If SSL / SBI is the counter party: 0.02% of Value or Min Rs 25 whichever is higher + CDSL charges
  2. If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of Rs 50 per ISIN instruction + CDSL Charges

₹25 per ISIN + GST and for BSDA - ₹75

Failed Instruction Charges

Rs 10 per failed instruction.

Nil

Other Charges

Additional request for account statement or DIS: ₹25 and for BSDA ₹50 per booklet.

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