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SBI Securities Vs SMC Global Demat Account Comparison

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

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

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

SBI Securities Vs SMC Global

  SBICAP Securities Ltd SMC Global Limited
SBICAP Securities Ltd Logo SMC Global 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.

SMC is a leading financial service provider in India offering services across brokerage, investment banking, wealth management, financing, depository services, insurance broking, clearing services, mortgage advisory and real estate advisory to corporate, institutional, high net worth individuals and other retail clients.

SMC India has customer base of over 16 lakhs customers and 50 branches & 2400+ registered sub brokers and authorized persons spread across 500+ cities.

DP ID 12047200 12019100
Contact Info

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

17, Netaji Subhash Marg,
Opp. Golcha Cinema, Daryaganj,
New Delhi, Delhi, India 110002

Services Offered

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

Broking (Equity, Commodity & Currency Derivatives) at BSE, NSE and MCX, Mutual Funds & IPO, NBFC, Online Trading, Wealth Management, Investment Banking, Insurance, Real Estate, Research, Depository Participant CDSL & NSDL

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

SBI Securities Vs SMC Global Demat Account Opening Charges

  SBICAP Securities Ltd SMC Global Limited
Demat Account Opening Fee

Nil

Nil.

Demat Account AMC
  1. Individual Account: Rs 750 (Rs 500 for e-statement)
  • Individual Client
    • General AMC Scheme: Rs 300 P.A. (POA Clients), Rs 350 P.A. (Non POA Clients)
    • Onetime Yearly AMC Scheme: Rs 1000 P.A.(POA Clients), Rs 1300 P.A. (Non POA Clients)
    • No AMC Scheme: Rs 3000 Refundable Deposit
  • Corporate Clients: Rs 1000 P.A.
Advance Deposit

Nil

SBI Securities Vs SMC Global Demat Charges

  SBICAP Securities Ltd SMC Global Limited
Dematerialisation Charges

Rs 5 per cert + Rs 35 courier charges per request

Rs 5 Per Certificate (Rs 30 for 1st Certificate) Courier Charges Extra (Rs 25 for Local & Rs 40 for outstation courier)

Rematerialisation Charges

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

Rs 25 (For one certificate/100 shares) Courier Charges Extra(Rs 25 for Local & Rs 40 for outstation courier)

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
  • On Maket Transaction: Rs 15 (POA Clients), Rs 20 (Non POA clients)
  • Off Market Instruction: 0.03% (subject to Min. Rs 20 & Max. Rs 50 Charges Per instruction)
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

Rs 60

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

Rs 60

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

Rs 30

Failed Instruction Charges

Rs 10 per failed instruction.

Rs 20 per instruction

Other Charges
  • AMC charged yearly in advance.
  • DIS Book Charges: Rs 30 (20 leafs)
  • Client Modification Charges: Rs 25
  • Security deposit for CDSL 'easiest' facility (optional) is Rs 2,500

Contact DP / Request A Call Back

  SBICAP Securities Ltd SMC Global Limited
Contact broker for Demat Account related enquires:
  SBICAP Securities Ltd SMC Global Limited
Find more info about broker
Enquire about SBI Securities Enquire about SMC Global
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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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