Compare Brokers Articles Reports Glossary Complaints

SBI Securities Stock Trading, Demat, Brokerage and Reviews 2020

8.46% 227,300 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:

SBISmart Portal (Web-based Trading Platform)
SBISmart Xpress (Desktop Trading Software)
SBISmart Lite (Website Trading)
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-

Branch Offices
Relationship Managers
Dial & Trade
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

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

Trade In: BSE and NSE

SBI Securities Ratings

Overall Rating	2.6/5
Fees	3.2/5
Brokerage	2.8/5
Usability	2.6/5
Customer Service	2.8/5
Research Capabilities	1.0/5

Based on 132 Votes by SBI Securities Customers

Do you trade with SBI Securities? Rate SBI Securities

Information about SBI Securities account opening, SBI Securities open account, SBI Securities opening charges, SBI Securities account opening charges, SBI Securities account opening status, SBI Securities amc charges, SBI Securities account charges, SBI Securities account closure

SBI Securities Brokerage Charges 2020

3-in-1 Account Opening Charges: ₹850
Annual Maintenance Charges (AMC): ₹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%	₹0.05
Derivatives	Future	0.05%	0.03%	0.03%	₹0.01
	Option (per lot)	₹100	₹50	₹50
Currency Derivatives	Future	0.03%	0.015%	0.015%
	Option (per lot)	₹30	₹20	₹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. ₹21, Max. ₹300)
For instruction submitted through internet	0.01% (Min. ₹21, Max. ₹300)
For instruction submitted through Branches	0.04% (Min. ₹30)
Buy- market and off-market	Nil
Rejection / Failed instruction	₹10 per failed instruction

Useful Articles:

The Best 3-in-1 Trading Account in India Stock Market - ICICI Bank, HDFC Bank, SBI, Kotak Securities etc

Check out SBI Securities Brokerage Charges, Fees, AMC, Transaction Charges. Get detail about SBI Securities pricing, SBI Securities brokerage calculater, SBI Securities brokerage, SBI Securities plans, SBI Securities brokerage review, SBI Securities brokerage plans, SBI Securities fund transfer, SBI Securities intraday brokerage, SBI Securities charges, SBI Securities charge list, SBI Securities charges calculator, SBI Securities prepaid brokerage plans, SBI Securities yearly charges, SBI Securities fees, SBI Securities yearly maintenance charge, SBI Securities option brokerage and SBI Securities trading charges.

Contact SBI Securities / Request Call Back

Leave your contact information and we will get in touch with you....

SBI Securities Pros and Cons

SBI Securities Advantages

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

SBI Securities Disadvantages

Very high brokerage in comparison to the online discount stock broker.
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 Exposure Margin

SBI Securities leverage for intraday, delivery, options, currency and commodities. Read SBI Securities exposure limit review.

Segment	Exposure Margin
Equity Delivery	2x with Intrest
Equity Intraday	Upto 5x
Equity Future	Nil
Equity Options	Nil
Currency Future	Nil
Currency Options	Nil
Commodity Future	NA
Commodity Options

SBI Securities Complaints received at BSE/NSE

Number of customer complained against SBICAP Securities Ltd share broker. The SBICAP Securities Ltd consumer complaints provide the summary of grievance which went to exchange for resolution.

SBI Securities Customer Complaints

Exchange	Financial Year	Number of Clients *	Total Complaints **
BSE	2019-20	101,469	13
NSE	2019-20	227,300	59
BSE	2018-19	84,317	12
NSE	2018-19	209,567	50
BSE	2017-18	135,809	47
NSE	2017-18	213,616	102
BSE	2016-17	71,934	11
NSE	2016-17	169,345	88
BSE	2015-16	48,871	31
NSE	2015-16	125,828	78

* Number of active customers. As per SEBI guidelines each broker reports the detail of active clients to the exchange through unique client code (ucc) process every month.

** The total number of complaint received against the broker at the given exchange.

Read detail report about SBICAP Securities Ltd Complaints at BSE, NSE and MCX
Broker complaints in India - Year wise complaints received by exchange

FAQ's

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

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

Discuss this question
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.

Discuss this question
4. Does SBI Securities publish daily market research reports?

Yes, SBI Securities publish daily market research reports.

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

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

Discuss this question

90 Comments

90. DINAKAR REDDY Apr 4, 2020 08:20

BROKERAGE CHARGES VERY HIGH, SOFTWARE HANGS ALWAYS, UPDATES OF STOCKS SLOW, SOFTWARE LOG OUT AUTOMATACIALLY DURING CRUCIAL TIME.

Ratings:

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

89. ROHINI KUMAR MADUGULA Apr 3, 2020 21:17

Charges are too much and customer service never connects.

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

88. Sumanta Dhar Mar 30, 2020 09:48

No suggestions given to customers to upgrade trading account for customer benifit.
They don't pick up the phone on time in market hours
During lunch time the don't receive calls.
Whenever market is up there server is not working.
Duering pre market trade they don't pick up phone.
There app don't work, whenever there is a crash or sutten rise in nifty there app stops misteriously.

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

87. SIM Mar 26, 2020 17:57

Reading all the reviews make me scary. I think SBICAP Sec needs to do something. When there many brokers available in the market with less fees, I think one day they will end up with no clients.

86. E AJAI KUMAR Dec 7, 2019 16:50

SBI IS MOST PROFITABLE BROKERAGE ORGANISATION WHICH TAKE ALL PROFITS FROM CUSTOMERS BECAUSE OTHERS ARE CHARGING ONLY RS 20 OR ZERO BROKERAGE

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

85. shanmugam Nov 30, 2019 03:06

using sbicap mobile app SBISMART MONEY more than 5 years and platform is very attractive with useful information to beginners and experts.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

84. Krishnamoorthy Jul 26, 2019 18:22

SBI CAP SECURITIES LTD., Chennai branch Broker Subashini misused my an account and cheated Rs.3,78,000/-. Once I came to know, I filed the complaint on SEBI. Based on my complaint NSE doing investigation. But, SBI CAP SECURITIES LTD's fraudulent lady Subashini submitting all fake documents.
So, please aware from this SBI CAP SECURITIES LTD., fraudsters.

83. Krishnamoorthy Jul 25, 2019 14:45

1 |

SBICAP securitis Ltd is number 1 fraud company.
This company people sitting at SBI bank and once given false statement and open an account after they are using our account without our knowledge for buy and sell for their convenient and cheat our full amount. We should be aware from this people and should take very serious action against them.

82. Krishnamoorthy Jul 25, 2019 14:38

SBICAP SECURITIES LTD is Number 1 fraud company. They are cheating once knowing our innociency.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

81. Rudal Kumar Jul 18, 2019 17:52

Demat

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Customer Service - Excellent
Overall Experience - Very Poor

80. Jaison Jose Jul 11, 2019 10:48

The best thing I like about the SBICAP Securities Ltd. is the Mobile App, it's easy to use and works effortlessly. But the Web version is a bit complicated, I'd recommend it should be a bit more user friendly. SBI Yono Website is a good example. One thing, I'd love to have with this platform is the option to trade on the MT4 or MT5 (Meta Trader). If this feature is enabled, then SBICAP becomes far more advanced in this field compared to others. The only thing intolerable is the Brokerage Charges on Delivery and Intraday Trades. Man that sucks seriously. Or else, my experience with this firm is excellent.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Average

79. Ramesh Jul 8, 2019 12:51

Dislike because of high charges.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Below Average

78. singh Sep 7, 2018 01:24

they suck brokerage like hell
Intraday net profit of ₹-780.00 I was charged ₹7000 due to brokerage 0.66 plus GST plus STT

Ratings:

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

77. N K RAUTA Feb 11, 2019 20:39

SBI CAP BROKERAGE CHARGE IS VERY VERY VERY HIGH ,SBICAP IS AS LIKE A LOOTERA ,WHICH LOOTES CUSTMERS IDEA ,MONEY, TIME ,

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

76. A Feb 7, 2019 21:49

Very bad

Ratings:

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

75. Uday Narayan tiwari Oct 12, 2018 06:36

No chart available, high brokerage , 590 rupees yearly maintenance fee , very poor type traditional site

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

74. SANDIP DAS Oct 9, 2018 20:41

1 |

First of all SBI SMART mobile App is very very poor. Desktop Application is better than mobile app and brokerage charges are high. My over all reviews are average.

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Above Average
Overall Experience - Average

73. Ketan Sep 13, 2018 10:46

Please don't trust SBICAP.they are going to cheat you.You can never became rich if you are thinking of SBICAP for trading.
My personal experience is so bad that I lost thousands of rupees.especially intraday trading.They stops taking orders at 3.10PM,so you cant do anything,also if your orders or positions are pending then 100% you are going to loss because they don't want you become rich.
Their software is also create problem and doesn't play smoothly.
Yesterday I sold 2000 RCOM intraday around 3pm at Rs.16.15 and I placed order of buying Rs.15.70 immediately as usual they cancelled my order 3.10PM and they placed another order of buying Rs.16.45 while the ongoing rate was Rs.16.05 luckily the rate remains constant and finally system bought 2000 shares at Rs.16.05. in last 10 minutes of market closing.but what will happened if rate goes high I might lost my money.
So I URGE YOU please avoid SBICAP TRADING.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

72. Rajendra Singh Sep 5, 2018 00:07

Totally bogus staff. Poor quality knowledge of call centre. Heavy brokerage charges. Local office opened at various big cities but they are totally unreliable and misguided. Never believe them.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

71. Haris May 28, 2018 17:40

I have been advised that my first year maintenance fee will be waived off and free, but SBI CAP charged me Rs. 850 as maintenance fee from my account, I requested several time through email & phone call to refund back, nearly two months now but no luck. very very poor response - My account N6627151.
I opened this account as NRI & linked to my NRO account. Very poor web/mobile applications. I do not recommend SBI CAP broker for NRIs (believe same web/app use for residential account too).
Your fund management will be a tough job, If you want to trade or invest in Equity (I only tried equity stock buy and then i stopped using SBI), my experience was, I have to transfer my NRO account fund to SBI CAP account using their tool "Lien", then fund comes to my SBI CAP account and reflect in "Wallet" within seconds, but problem is, same day I have to invest these fund, suppose if I could not invest the entire fund on same day (due to price didn't come down or market was too volatile...etc), then your fund will disappear from "Wallet" next day, you need to call their customer service or email them to put it back, no option you to do this online, a manual intervention require from an agent sitting in India and I have to make call them for quick turn around. Absolutely nonsense. I decided to close my brokerage with SBI CAP within 2 months time.

Ratings:

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

71.1. Rajendra Singh Sep 5, 2018 00:00

Sir You are correct. My Ac No is 13681577. They also cheated me by assuring low brokerage but charged high brokerage. I lost Rs 50000 with in a period of 41 days due to fraudulent advise of their Jaipur based Advisor.

Compare SBI Securities with Top Brokers in India

SBI Securities Vs Zerodha	SBI Securities Vs ICICI Direct	SBI Securities Vs HDFC Securities
SBI Securities Vs Sharekhan	SBI Securities Vs AxisDirect	SBI Securities Vs Angel Broking
SBI Securities Vs Kotak Securities	SBI Securities Vs Motilal Oswal	SBI Securities Vs Karvy
SBI Securities Vs IIFL	SBI Securities Vs Geojit	SBI Securities Vs Religare
SBI Securities Vs Edelweiss	SBI Securities Vs Reliance Securities	SBI Securities Vs SMC Global
SBI Securities Vs Nirmal Bang	SBI Securities Vs 5paisa	SBI Securities Vs Ventura
SBI Securities Vs Upstox	SBI Securities Vs Anand Rathi	SBI Securities Vs Master Trust
SBI Securities Vs Indiabulls	SBI Securities Vs Aditya Birla Money	SBI Securities Vs Bonanza
SBI Securities Vs SAMCO	SBI Securities Vs TradingBells	SBI Securities Vs IDBI Capital
SBI Securities Vs Trade Smart Online	SBI Securities Vs SAS Online	SBI Securities Vs iTradeOnline
SBI Securities Vs RK Global	SBI Securities Vs Tradeplus	SBI Securities Vs Tradejini
SBI Securities Vs Alice Blue	SBI Securities Vs Wisdom Capital	SBI Securities Vs Fyers
SBI Securities Vs Finvasia	SBI Securities Vs Prostocks	SBI Securities Vs RMoney
SBI Securities Vs Beeline	SBI Securities Vs Just Trade	SBI Securities Vs Achiievers
SBI Securities Vs Trustline	SBI Securities Vs Yes Securities	SBI Securities Vs RKSV

Grid Comparison of All Brokers
Are you a Zerodha Customer?

Enquire SBI Securities Trading Account

NRI Form ⇒

Name		Phone
Email		City
State
Are you a day trader?

Name:		Phone
Email		City
State
Are you a day trader?

Name:		Phone:
Email:		City:
State:
Are you a day trader?