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SBI Securities Vs SAMCO Demat Account Comparison

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

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

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

SBI Securities Vs SAMCO

  SBICAP Securities Ltd SAMCO Securities Limited
SBICAP Securities Ltd Logo SAMCO Securities Limited 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.

SAMCO is Mumbai, an India based stockbroker. Incorporated in 2015, SAMCO enables its customer to trade equity, currency, and commodity at NSE, BSE and MCX exchanges. SAMCO is a depository participant with CDSL. They provide demat account related services to its customers.

SAMCO offer other products including leverage products for delivery margin funding and margin against shares to its NBFC subsidiary.

DP ID 12047200 12054200
Contact Info

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

1004 - A, 10th Floor, Naman Midtown - A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400 013, Maharashtra, India.

Services Offered

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

  • Online Equity, Commodity and Currency trading at BSE, NSE and MCX.
  • Leverage products for delivery margin funding and margin against shares.
  • Depository Services (Demat Account)
Demat Account Enquiry Open Demat Account Online

SBI Securities Vs SAMCO Demat Account Opening Charges

  SBICAP Securities Ltd SAMCO Securities Limited
Demat Account Opening Fee

Nil

Only Franking Charges

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

₹400 for Individual. ₹800 for Corporate.

Advance Deposit

Nil

Nil

SBI Securities Vs SAMCO Demat Charges

  SBICAP Securities Ltd SAMCO Securities Limited
Dematerialisation Charges

Rs 5 per cert + Rs 35 courier charges per request

₹10 per Certificate plus Courier Charges ₹50 per request

Rematerialisation Charges

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

Actual CDSL charges plus Courier charges ₹50 per request.

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

₹10 per transaction in same DP & 0.02% per transaction & minimum ₹25 for other DP

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

₹60 (Including 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

Nil

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

₹60 (Including CDSL Charges)

Failed Instruction Charges

Rs 10 per failed instruction.

Nil

Other Charges

Contact DP / Request A Call Back

  SBICAP Securities Ltd SAMCO Securities Limited
Contact broker for Demat Account related enquires:
  SBICAP Securities Ltd SAMCO Securities Limited
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Demat Account Related Abbreviations

  • Demat: Demat Account is an online account to hold the shares in electronic form. They are similar to bank account used to hold money.
  • BSDA: Basic Service Demat Account, a type of account which offers limited services at reduced costs.
  • PoA: Power of Attorney, a legal document giving authority to broker to settle the trades though holding in clients demat account.
  • DIS: Delivery Instruction Slip, Similar to conventional cheque book for demat account. Its is used offline demat account transactions.
  • DPC: Delayed Payment Charges
  • Dematerialisation: Process to converting physical certificates to electronic form.
  • Rematerialisation: Process of converting electronic shares to physical certificates.
  • NSDL: National Securities Depository Limited, the 1st central securities depository. It offer services to hold shares in electronic form on behalf of the customer.
  • CDSL: Central Depository Services (India) Limited, the 2nd securities depository. It also offers service to hold shares in electronic form.



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