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17.74% 387,491 Clients
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders.
SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians and Non-Resident Indians (NRIs) to invest online in Equity, Derivatives, Mutual Funds, ETFs, IPOs and NCDs. It also offers lending products like Home Loans, Car Loans, and Loan Against Securities (LAS). SSL is registered with the Securities Exchange Board of India and is a Depository Participant with NSDL & CDSL.
SBICAP Securities Limited offers a full suite of services to NRIs residing across the globe. For the NRIs residing in the US, UK, Canada, and Japan, SSL does offer a 3-in-1 account but does not solicit investments from them due to regulatory restrictions. NRIs, however, can avail of various services of the company at their sole discretion. SSL in association with State Bank of India provides online trading solutions to NRIs.
Read Our SBICAP NRI Account Review to know more
SBICAP offers a 3-in-1 account to its customers linking all three accounts i.e. Bank Account, Demat Account and Trading Account together. In the 3-in-one account facility, the Savings/Current account is held with SBI while the Demat and Online Trading account is opened with SBI Cap Securities Ltd. It also offers research services wherein customers get access to Various kinds of Research Reports, Analysis Tools and Calculators. SBICAP offers several online trading software to its customers, including:
Know in detail about SBICAP's online trading platforms here.
In addition to the above mentioned online trading platforms, SBI, the parent company of app, offers the YONO (You Only Need One App) app that caters to all your banking and investment needs. You can use the app for banking, trading, insurance, investments, and shopping, etc. You can also open an SBI 3-in-1 account online using the YONO Mobile App. Once you fill the online application form, you need to visit the nearest branch once for in-person verification.
For those who are not able to use online services for some reasons, they can avail the company's services through other offline channels like-
SSL has been assigned a Highest Grade -'BQ1' by CRISIL for the quality of its Operations and Services.
Trade In: BSE and NSE
| Segment | Delivery | Intraday | Minimum | ||
|---|---|---|---|---|---|
| First leg | Second leg | ||||
| Cash Market | 0.50% | 0.075% | 0.075% | Rs 0.05 | |
| Derivatives | Future | 0.05% | 0.03% | 0.03% | Rs 0.01 |
| Option (per lot) | Rs 100 | Rs 50 | Rs 50 | ||
| Currency Derivatives | Future | 0.03% | 0.015% | 0.015% | |
| Option (per lot) | Rs 30 | Rs 20 | Rs 20 | ||
| On-Market (Sell Market) / Off Market (% of transaction value of each ISIN) | |
| with POA (applicable for On Market Instructions only) | 0.01% (Min. Rs 21, Max. Rs 300) |
| For instruction submitted through internet | 0.01% (Min. Rs 21, Max. Rs 300) |
| For instruction submitted through Branches | 0.04% (Min. Rs 30) |
| Buy- market and off-market | Nil |
| Rejection / Failed instruction | Rs 10 per failed instruction |
Visit SBI Securities Brokerage Charges Review for more detail.
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The following are the advantages of SBI Securities. You must read SBI Securities advantages and disadvantages before opening an account with SBI Securities. SBI Securities pros and cons help you find if it suits your investment needs.
The following are the cons of SBI Securities. Check the list of SBI Securities drawbacks.
SBI Securities margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. SBI Securities F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for SBI Securities F&O carry forward positions and equity delivery trades.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
| Overall Rating |  2.6/5 |
| Fees |  3.2/5 |
| Brokerage |  2.7/5 |
| Usability | 2.6/5 |
| Customer Service |  2.8/5 |
| Research Capabilities | 2.6/5 |
Based on 147 Votes by SBI Securities Customers
Do you trade with SBI Securities? Rate SBI Securities
The number of SBI Securities customer complaint received by the exchanges. The SBI Securities consumer complaint report helps understanding the SBICAP Securities Ltd quality and relibility of service.
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
|---|---|---|---|---|
| NSE | 2021-22 | 387,491 | 92 | 0.02% |
| BSE | 2021-22 | 140,251 | 13 | 0.01% |
| NSE | 2020-21 | 329,099 | 187 | 0.06% |
| BSE | 2020-21 | 130,947 | 4 | 0% |
| NSE | 2019-20 | 249,924 | 74 | 0.03% |
| BSE | 2019-20 | 130,643 | 17 | 0.01% |
| NSE | 2018-19 | 209,567 | 50 | 0.02% |
| BSE | 2018-19 | 84,317 | 12 | 0.01% |
| NSE | 2017-18 | 213,616 | 102 | 0.05% |
| BSE | 2017-18 | 135,809 | 47 | 0.03% |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit SBI Securities Complaints at BSE, NSE and MCX for detail report.
For online trading with SBICAP, an investor has to open an account. Following are the ways to open an account with SBICAP-
No. SBI Securities doesn't provide customer service through Chat service online.
Yes. SBI Securities offer customer service through local branch offices, local partners and franchises.
Yes. SBI Securities provide free tips for stock and commodity trading to its customers.
Steps for closing SBI securities account:
Points to note:
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Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor