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SBI Securities Vs Groww Demat Account Comparison

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

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

Our SBICAP Securities Ltd demat account comparison with Nextbillion Technology pvt ltd highlights the major differences between two brokers. Find the best demat between SBI Securities and Groww.

SBI Securities Vs Groww

  SBI Securities Groww
SBICAP Securities Ltd Logo Nextbillion Technology 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.

Groww is a fast-growing online stock broker and mutual fund investment company. It offers services to invest in Equity, IPO, and Direct Mutual Funds. Groww started offering demat account services in 2020. It is a member of the CDSL depository.

Groww is an online discount broker. It charges a flat of Rs.20 or 0.05% per executed order whichever is lower as trade brokerage fee.

Groww demat account charges include Account Opening fee of Rs.0 (Free), AMC of Rs.0 (free) and Debit Transaction Charge of Rs.13.50 per script for delivery trades and zero for intraday trades.

DP ID 12047200 88700
Contact Info

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

Next Billion Technology Private Limitedm 1st Floor, Proms Complex, SBI Colony, 1A Koramangala, Bangalore, Karnataka, India - 560034
Services Offered

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

Equity, IPO, and Direct Mutual Funds
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SBI Securities Vs Groww Demat Account Opening Charges

  SBI Securities Groww
Demat Account Opening Fee

Nil

₹0 (Free)
Demat Account AMC
  1. Individual Account: Rs 750 (Rs 500 for e-statement)
₹0 (Free)
Advance Deposit

Nil

₹0
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SBI Securities Vs Groww Demat Charges

  SBI Securities Groww
Dematerialisation Charges

Rs 5 per cert + Rs 35 courier charges per request

₹150 per certificate + courier charges
Rematerialisation Charges

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

₹150 per certificate + 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
₹8 + ₹5.50 (CDSL Charges) per ISIN
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
₹20 + ₹12 per request (CDSL Charges)
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
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
₹20
Failed Instruction Charges

Rs 10 per failed instruction.

₹50 per ISIN
Other Charges KYC Modification: ₹50
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