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SBI Securities Stock Trading, Demat, Brokerage and Reviews 2021


SBI Securities Logo

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:

  1. SBISmart Portal (Web-based Trading Platform)
  2. SBISmart Xpress (Desktop Trading Software)
  3. SBISmart Lite (Website Trading)
  4. SBISmart Mobile App

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-

  1. Branch Offices
  2. Relationship Managers
  3. Dial & Trade
  4. Independent Financial Advisors

SSL has been assigned a Highest Grade -'BQ1' by CRISIL for the quality of its Operations and Services.

Key Facts about SBICAP Securities

  1. Part of the reputed SBI group
  2. Over a decade of experience in the trading business
  3. Offer a complete suite of financial products catering to retail, institutional, HNI and NRI investors
  4. Omnichannel (multiple channels) services
  5. More than 115 branches across the country
  6. 1000+ field force providing doorstep services
  7. Offers 3-in-1 accounts to customers
  8. SBISmart Mobile App and YONO App for on-the-go services
  9. Offers Demat and research advisory services 

Trade In: BSE and NSE

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SBI Securities Charges 2021

  • 3-in-1 Account Opening Charges: Rs 850
  • Annual Maintenance Charges (AMC): Rs 500

Trading Brokerages

  • Intra-day Trades: 0.15% (both sides) Or Minimum 5 paise per share whichever is higher.
  • Delivery Based Trades: 0.50% or Minimum 5 paise per share whichever is higher.
  • Futures: 0.05% for intraday and 0.09% for carry forward Or Minimum 5 paise per share whichever is higher .
  • Options Trades: Rs. 50/- for intraday (one side) (per contract) and Rs. 100/- for carry forward (per contract).

SBICAP Securities Brokerage / Charges

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  

Demat Transaction Charges SBICAP Securities

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

Useful Articles:

Visit SBI Securities Brokerage Charges Review for more detail.

Contact SBI Securities / Request Call Back

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SBI Securities Pros and Cons


SBI Securities Pros (Advantages)

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.

  1. State Bank of India is the country's largest bank of India and a trusted brand.
  2. Full-service broker with a wide range of financial services under one roof.
  3. SBI Securities offer the 3-in-1 account which offers seamless transactions between the Demat, Trading and Bank Account.
  4. Offer online investment in IPO, Mutual Funds, and Bonds.
  5. Trading Terminal SBISMART Xpress and Mobile Trading app SBISMART are available for free to all customers.
  6. Trading is available at over 115 SBICAP Securities branches across major cities.
  7. Research reports and analysis tools are offered to all customers.

SBI Securities Cons (Disadvantages)

The following are the cons of SBI Securities. Check the list of SBI Securities drawbacks.

  1. Very high brokerage in comparison to the online discount stock broker.
  2. Call & Trade is free for first 30 calls a month. After that, it is charged at Rs 10 per call. Max 3 scripts can be enquired in 1 call.

SBI Securities Enquiry Form

SBI Securities Margin Exposure

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.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

SBI Securities Ratings

Overall Rating Rated 2.6 stars 2.6/5
Fees Rated 3.2 stars 3.2/5
Brokerage Rated 2.7 stars 2.7/5
Usability Rated 2.6 stars 2.6/5
Customer Service Rated 2.8 stars 2.8/5
Research Capabilities Rated 2.6 stars 2.6/5

Based on 147 Votes by SBI Securities Customers

Do you trade with SBI Securities? Rate SBI Securities


SBI Securities Complaint

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.

Frequently Asked Questions

  1. 1. How to open account with SBICAP?

    For online trading with SBICAP, an investor has to open an account. Following are the ways to open an account with SBICAP-

    • Open paperless online account.
    • Open an online instant paperless trading and the demat account using YONO App by SBI.
    • Visit any of the SBI branches near you and complete your account opening process.
    • You can give a missed call at 092667 92667 and the company executive will get in touch with you to take the process forward.

     

  2. 2. Does SBI Securities provide customer support through Online Chat?

    No. SBI Securities doesn't provide customer service through Chat service online.

     

  3. 3. Does SBI Securities offer customer service through local branch offices or broker franchise?

    Yes. SBI Securities offer customer service through local branch offices, local partners and franchises.

     

  4. 4. Does SBI Securities publish daily market research reports?

    Yes, SBI Securities publish daily market research reports.

     

  5. 5. Does SBI Securities provide trading tips or investment strategies?

    Yes. SBI Securities provide free tips for stock and commodity trading to its customers.

     

  6. 6. How to close SBI securities account?

    Steps for closing SBI securities account:

    1. Download the SBI Demat & Trading Account Closure Request Form
    2. Fill in all the details and sign it.
    3. Attach the unused Delivery instruction slips, if any.
    4. Courier it to the address provided in the form along with the requested documents or physically submit it to a nearby SBI branch.

    Points to note:

    • Ensure you do not have any negative balance in your trading account.
    • Ensure there are no shares in your Demat account.
    • In case of holdings in the account, submit a DIS, sealed, and stamped DP client master of target DP along with the closure form to transfer the shares to another Demat account.
    • For a joint account, all the holders need to sign the closure form.

     


120 Comments

120. vishalkumardDIneshbhi patel  Nov 12, 2021 4:51:24 PM I Like It. | Report Abuse Reply
very poor application performance.my money was stuck in upi app which never ingot back

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
119. Kamal Riyasath  Oct 22, 2021 7:04:06 PM I Like It. | Report Abuse Reply
I am experiencing a problem in selling of shares on my sbi securities new app on my iPhone …so please look into this problem since I need to find laptop or computer for selling and not buying…so find a solution to help us since when we are travel it’s very difficult for me to sell.. n I have missed lot of opportunity in booking of profit.If this continues then I have to go for other options with other provider’s.
118. Shrikant Chavan  Oct 20, 2021 5:52:54 PM I Like It. | Report Abuse Reply
Customer service on call is good; though waiting period is more than 15 minutes. Email customer care service is average. Brokerage charges are high. Research/tips are terrible. App is not at all user friendly. Can't apply all the IPOs and direct MF. Relationship manager may/may not reply you.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Average
Overall Experience - Below Average
117. HIRA LAL  Sep 13, 2021 9:32:20 PM I Like It. | Report Abuse Reply
SBICAP SECURITY BROKERAGE CHARGE VERY HIGH @ 0.50% ON BUY/SELL EQUITY AMOUNT AS ZARODA D MATT THERE IS NO BROKERAGE CHARGE ON BUY /SELL EQUITY.
MY REQUEST TO TOP MANAGEMENT OF SBICAP SECURITY KINDLY REVIEW THIS MATTER, SO THAT MORE CUSTOMER ATTRACT TOWARDS YOUR D MATT . DUE TO THIS NEW CUSTOMER NOT CHOOSE YOUR D MATT . KINDLY LOOK INTO THE MATTER

DATE 13.09.2021

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Average
Overall Experience - Below Average
116. Subramanian  Aug 22, 2021 8:29:27 PM I Like It. | Report Abuse Reply
SBI Cap is good to trade both mobile and online and they provide good service at least to me. however their brokerage is high, research average.
115. Pawan Kumar  Jul 1, 2021 4:48:07 AM I Like It. | Report Abuse Reply
SBI Smart is most dummest site I ever seen. just to see what all you have in account or transfer cash you need to know all the accounting terms and definition - ledger/Holding/derivatives etc etc. you cant put an order for a Mutual fund NFO except between 9.00 AM and 2.00 PM. You cant get the details of fund you want to buy unless you don't know its full name. Looks like SBI doesn't want you to trade or even open an account with them..it worse...you can get something known as fibonachi series which has no use for ordinary user like me but you cant see the name of your purchased mutual fund.

had they ever visited ICICI DMAT account - can they see how easy it is to operate, how easily anyone can understand the info and navigate to place an order..they charge the same amount as SBI..but they have a clean user interface and easy to navigate flow.
115.1. Raju Mandal  Jul 15, 2021 1:25:33 PM I Like It. | Report Abuse
I have both sbicap, icci direct and zerodha account. The worst is sbicap .It's worst interface, worst customer support, worst app and website. Forget trade , you will be unable to trade
114. Hetal  Jun 1, 2021 9:28:33 PM I Like It. | Report Abuse Reply
Not good service and very high charges
I don't like a company. Sbismart never working properly. Always try "again try again".

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
113. Amit  May 31, 2021 12:30:11 PM I Like It. | Report Abuse Reply
Worst in market i would say;
Brokerage : Very high
Customer service : worst
Other services : Worst

First u have to trade for sbi cap sec. for their brokerage then u trade for urself

Worst Worst Worst
112. Hitesh Kumar Das  May 21, 2021 5:43:11 PM I Like It. | Report Abuse Reply
A very good trading platform for a new as well as versed traders.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Above Average
111. suyesh patil  Feb 19, 2021 11:49:39 PM I Like It. | Report Abuse Reply
No customer service at all. they just time pass by using level1 level2 ...... .they didnt give any solution to your problem. they just tranfer your mail from level to another level. no one take action against him. totally uselesss service.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
110. Minal Guruji  Feb 9, 2021 5:21:26 PM I Like It. | Report Abuse Reply
Your Trading and Dmat Holding software needs lots of improvement, it's not highly user friendly. Please make it simple for use.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Average
109. asimava roy choudhury  Jan 18, 2021 4:37:30 PM I Like It. | Report Abuse Reply
I need to share notes with other users to understand whether my problem is universal or regional or personal.

Whenever I am selling stocks - the proceeds of the sales becomes immediately available for subsequent trading. However, for the last two to three days - a part of the proceeds is not reflecting in my trade money. I am losing good opportunities to purchase fresh shares and make profits. It is extremely frustrating. Is it happening with any of you?

Helpdesk is saying that my ledger will reflect correct values but how does that help me in my trading?
108. Ratan Mondal  Jan 14, 2021 8:23:45 AM I Like It. | Report Abuse Reply
Sbi smart app is not working since yesterday.
107. Ananya Chatterjee  Dec 10, 2020 11:10:37 AM I Like It. | Report Abuse Reply
Both the mobile app and desktop site are horrible. Opening an demat account with SBI was a bad choice. No customer support available and regular deduction of amount without any justification. Now I decided to change my broker and opened account with Zerodha ( https://zerodha.com/?c=CP6066 ). Its user friendly and well managed.
106. Sudhir Kotwal  Sep 28, 2020 7:17:39 PM I Like It. | Report Abuse Reply
Good service, nice support from SSL staff, correct trade suggestions

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Research Capabilities - Above Average
Customer Service - Excellent
Overall Experience - Excellent
105. Rahul  Sep 27, 2020 4:33:40 PM I Like It. | Report Abuse Reply
Customer support is horrible. They should close down sbicapsec

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
104. kuhnji  Sep 26, 2020 9:31:09 PM I Like It. | Report Abuse Reply
website needs lot of improvement

Ratings:

Brokerage - Average
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Average
Overall Experience - Below Average
103. Mukesh kumar  Sep 26, 2020 8:18:34 PM I Like It. | Report Abuse Reply
Very high brokerage charge.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Below Average
102. San  Sep 21, 2020 1:48:42 PM I Like It. | Report Abuse Reply
CUSTOMER CARE service is not available since lock down that is from March 2020 till date (21 th sept. 2020).Very pathetic customer care service


Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
101. Gaurav  Sep 4, 2020 4:12:21 PM I Like It. | Report Abuse Reply
Both mobile app and website are very user un-friendly

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Below Average

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