SBI Securities Stock Trading, Demat, Brokerage and Reviews 2020

SBI Securities Stock Trading, Demat, Brokerage and Reviews 2020

SBI Securities Account Opening Enquiry/Get a call Back

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.

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

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

SBI Securities 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

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 leverage for intraday, delivery, options, currency and commodities.

Segment 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 Ratings

Overall Rating Rated 2.6 stars 2.6/5
Fees Rated 3.2 stars 3.2/5
Brokerage Rated 2.8 stars 2.8/5
Usability Rated 2.6 stars 2.6/5
Customer Service Rated 2.8 stars 2.8/5
Research Capabilities Rated 1.3 stars 1.3/5

Based on 133 Votes by SBI Securities Customers

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 2020-21 266,634 39
NSE 2019-20 249,924 74
BSE 2019-20 130,643 17
NSE 2018-19 209,567 50
BSE 2018-19 84,317 12
NSE 2017-18 213,616 102
BSE 2017-18 135,809 47
NSE 2016-17 169,345 88
BSE 2016-17 71,934 11
NSE 2015-16 125,828 78

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.