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SBI Securities Stock Trading, Demat, Brokerage and Reviews 2022


2.9% 653,825 Clients

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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

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

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

SBI Securities Charges 2022

  • 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.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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 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 2.5 stars 2.5/5
Fees Rated 3.1 stars 3.1/5
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 2.3 stars 2.3/5

Based on 154 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 2022-23 645,713 125 0.02%
BSE 2022-23 100,727 15 0.01%
NSE 2021-22 635,384 250 0.04%
BSE 2021-22 140,251 22 0.02%
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%

* 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.

     

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


137 Comments

137. Rajendra Singh   I Like It. |Report Abuse|  Link|Sep 5, 2018 1:07:37 AMReply
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
137.1. umesh   I Like It. |Report Abuse|  Link|Oct 17, 2022 12:30:54 PM
correct
137.2. umesh   I Like It. |Report Abuse|  Link|Oct 17, 2022 12:31:22 PM
correct
136. Shaji Ennackal Mathew   I Like It. |Report Abuse|  Link|Oct 14, 2022 3:13:50 PMReply
Their new trading software is down to earth slow. They put additional controls for authentical. OTP system is very bad. I logged in and wait for OTP. Went and made my tea. No OTP. Finished my Tea and biscuits. No OTP.. Still waiting for OTP. If they make the validity of their OTP 01:00 hr better for them. Otherwise, cliets will run away.
135. veena   I Like It. |Report Abuse|  Link|Sep 24, 2022 12:37:31 PMReply
worst ever broker, no service at all. from kerala region account opening they CHANRGING with 10000 rs Inthis free account generation, after then nobody there to service

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
134. Neelam Dixit   I Like It. |Report Abuse|  Link|Sep 17, 2022 9:29:29 AMReply
Sbi cap securities में अगर आपने margine में shares खरीद लिये तो समझो आपकी बहुत बड़ी दुर्गति होने वाली है इनका कोई भरोसा नहीं कब customer को right deactivate कर shares बेचना चालू कर दें कोई भरोसा नहीं और आपके margins मनी को mutual fund एवं derivative option में transfer कर दें जिससे आपकी limit negetive कर आपके shares बेचना चालू कर दें कोई भरोसा नहीं rm एकदम अक्षम एवं लगता है या तो कंपनियों से मिले रहते है जिन्हें रखने की नहीं हटाने की जरूरत है एक ही clik में आपका कबाड़ा हो सकता है कोई हर्जाना नहीं कोई सुनवाई नहीं बस आपके right deactivate करके relation manager आपके shares नीचे से नीचे भाव पर बेचते रहते है और आप कुछ नहीं कर सकते क्योंकि आपके खरीदने-बेचने के अधिकार जो shares ये बेचते है वह deactivate होने के बाद आप खरीद नहीं सकते l sbisec के in manager की शिकायत कई बार emai एवं सेबी तक se की लेकिन कोई कार्यवाही नहीं होती l लगता है shares transfer करने का यह भ्रष्टाचार चल रहा है customer के shares कम से कम कीमत पर बेचकर खुद ही खरीद लो customers पेसा और margin money के चक्कर में फँसा रहता है l शायद finance ministry इस पर ध्यान दे तभी sbisecurities को इस भ्रष्टाचार से बचाया जा सकता है l

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
133. Vivek R   I Like It. |Report Abuse|  Link|Sep 10, 2022 8:44:51 AMReply
Worst service by SBI securities. Never ever go for this. They work in same mode like 1970. I had worst experience, they suspended my account due to kyc, which I had mailed, then they sold it should be submitted physically. Submitted physically, but not re-activated saying that I had re-written in few places. The applied to close the account, it was rejected due to slight miss-match in signature. They I had go branch, which is far away from my house. They make you to run pillar to post like old govt offices. Request to not to avail services by SBI
132. J Kuamar   I Like It. |Report Abuse|  Link|Aug 3, 2022 10:50:27 AMReply
In android app , I am NOT in place on NUMBERS they just display two dots. Please help if you have idea. Thanks
131. Shankar jee   I Like It. |Report Abuse|  Link|Aug 2, 2022 3:36:27 PMReply
Staff of this organisation are unskilled and behave unprofessional
Nobody works as customer oriented thats why attrition is is highest among its peers

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Below Average
130. Ganesh Shetty   I Like It. |Report Abuse|  Link|May 28, 2022 9:12:07 PMReply
In SBI Cap, Help Desk is utter failure. Very irresponsible people. I have sent 7 reminders to them with their standard format, for change of my email address in the trading account, no success so far. SBICAP is an exception to the stature of SBI.
129. Seema Shah   I Like It. |Report Abuse|  Link|May 13, 2022 2:48:17 AMReply
Sbi securities are cheaters
They sold my stock worth rupees 273000 without my consent and blaming that the stock is sold by my mobile.
This is done by RM Apeksha Dedhia
The team finds innocent clients trap them by doing such frauds
Please guide me if anyone had experienced such fraud
128. Daya Shankar tripathi   I Like It. |Report Abuse|  Link|Mar 21, 2022 9:20:05 PMReply
very casual customer service. i had passed through the bitter experience. I had purchased the 24, TCS shares and the amount was due for payment on 11th of march 2022. I had cleared the dues well bbefore many days i.e. on 21st of Feburary , despite that the co. had sold my shares without send any msg, email or call. I cmplaint but no body is listening.
127. Shepherd   I Like It. |Report Abuse|  Link|Mar 19, 2022 2:07:12 AMReply
Dislike the brokerage charges. Apart from that the UI is not bad on the mobile. whereas, web is not so user friendly. charts are not available for web users.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Average
Overall Experience - Average
126. Manish Kumar   I Like It. |Report Abuse|  Link|Mar 11, 2022 5:55:53 PMReply
Mal Practices by SBI Securities
With the recent rise of the stock market in India, many new investors have jumped in the market and have started investing. A recent survey has shown inflow on new SIP (systematic investment), and mutual fund purchases have increased.
In this euphoric moment, some brokers have tried to take advantage of this situation and have started lynching their customers with their mal intentions and pathetic services.
I thought I was a happy investor until I was shocked to see lots of negative balances in my trading account. When I checked it closely, I saw almost Rs 1000 of fines every day imposed on me from the State bank of India ( Sbi Securities) services.
I am an NRI customer, and as per rule, no margin tradition is allowed. (trading with a loan). I always buy shares in cash. God knows how my ledger balance got into negative.
I looked at their modus operandi and tried to understand how they rip off their customers.
When you make a trade, they will not pull out the full amount from your bank. They will only pull half of your money. They will create an illusion that you have some money left in your account for trading. They will wait for you to make a mistake. Once you make another trade, they will put your account in a negative balance and start imposing charges on you. God forbid, the charges are on the daily basis at the rate of almost 15 % percent day.

I had nightmares looking at my ledger balance and decided to pay all the money back, hoping that this disaster would come to an end. Oh no, not yet; they have decided to keep charging. My negative balance is increasing on the daily basis. So, people, be careful! While you are there to make money, some people are working on making holes in your pocket and getting all your hard earn money in their pocket.

I was further horrified to learn that this has been happening with many other customers.
125. Chandrasekar Pendyala   I Like It. |Report Abuse|  Link|Mar 1, 2022 11:14:49 AMReply
I am an SBI SB account customer for 40 years., They approached me for demat account in 2015. I refused because of high brokerage. Remember SBICAPs, considering their huge SB accounts, they have the capacity to kill all broker houses, if considers discounting brokerage. Since, a PSU bank, despite having good brains in their management, they are not doing it. This is how BSNL/MTNL got killed. Though this cannot be compared with telecom companies, but, sure cannot progress much.
124. Ritesh Tailor   I Like It. |Report Abuse|  Link|Feb 7, 2022 1:09:10 AMReply
There are no any videos tutor for new and fresh tredars.
How does operat the app for delivery /intraday /and nifty -banknifty options trending?

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
123. A.N. SIVARAMAN   I Like It. |Report Abuse|  Link|Feb 2, 2022 9:21:29 PMReply
Very poor customer service. Not helpful to the clients' genuine grievances. While finishing the capital gain/P & L statement showing lesser charges instead of actual charges recovered thereby the clients are compelled to pay excess income tax/unnecessary correspondence and hardships.
122. khader basha shaik   I Like It. |Report Abuse|  Link|Jan 25, 2022 6:58:09 PMReply
Very Poor Customer service : i have sold the stock but the order is expiring from 2 days i dont no what is the issue, i have sent email to SBI securities customer care, but they didn't replied, may be they will reply once i lost all profit. there is no online chat service.

I dont how SBI , is hiring the employees, poor performance.

Better to go with private stock brokers. Zeroda or ICICI direct, HDFC..
121. JP Ray   I Like It. |Report Abuse|  Link|Jan 7, 2022 10:15:04 PMReply
Faulty system and novice staff. Pathetic customer service. Debited my account on so many occasions on different charges n penalties even they themselves are not able to identify or explain. Very high brokerage and erroneous margin calculation.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
120. Bhuwaneshwar Choudhary   I Like It. |Report Abuse|  Link|Dec 17, 2021 3:12:11 PMReply
too high charges, many of equity are not listed in intraday while in zerodha that shares are listed, you can't easily contact to costumer care.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
119. Shanmugavel Jeyadev   I Like It. |Report Abuse|  Link|Dec 17, 2021 3:00:56 PMReply
Worst customer service and the web portal really sucks...

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
118. vishalkumardDIneshbhi patel   I Like It. |Report Abuse|  Link|Nov 12, 2021 4:51:24 PMReply
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

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