SBI Securities Vs Dhani Stocks Demat Account Comparison

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.

Dhani Stocks Limited, part of Indiabulls Group that was earlier known as Indiabulls Ventures/Securities Limited, is a online discount broker offering trading services to its customers across Equity, Derivatives, Currency, and, Commodity. Dhani Stocks is the first brokerage house in India to be assigned the highest broker quality grading by CRISIL and has its stocks listed on NSE, BSE & Luxembourg stock exchange.

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

M-62 & 63, First Floor, Connaught Place, New Delhi - 110001

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, client master changes freezing, de-freezing, account closure, pledge creation, confirmation, closure, invocation, etc.

Nil

Nil

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

Nil

Nil

Nil

Rs 5 per cert + Rs 35 courier charges per request

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

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

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

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

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

Rs 10 per failed instruction.

1. Margin Pledge /Unpledge: ₹15
2. Margin pledge Invocation: Nil
3. Fax Indemnity - Actual
4. Demat Rejection - ₹25 + Courier Charges
5. Renewal charges for resuming the Services - ₹100 per account.
6. Interest at 24% p.a for NSDL client and 13% p.a for CDSL client is charged on the outstanding bill after one month from the due date.