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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
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
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.
SBI Securities Charges 2024
- 3-in-1 Account Opening Charges: Rs 850
- Annual Maintenance Charges (AMC): Rs 750 (Free for the first year)
Trading Brokerages
Brokerage Plans:
| Plan | Tenure | Delivery | Intraday | Futures | Options | Currency |
|---|---|---|---|---|---|---|
| SUVIDHA | Lifetime | 0.50% | 0.05% | 0.05% | Rs.50 per lot | Rs. 20 per lot |
| PRO 749 | Lifetime | 0.35% | 0.04% | 0.02% | Rs.20 per lot | Rs.20 per lot |
| OIOP- 3K | 1 Year | 0.20% | Rs.20 per order | Rs.20 per order | Rs.20 per order | Rs.20 per order |
| OIOP- 10K | Lifetime | 0.20% | Rs.20 per order | Rs.20 per order | Rs.20 per order | Rs.20 per order |
| Plan 249 | Lifetime | 0.50% | 0.05% | 0.05% | Rs.50 per lot | Rs.20 per lot |
Note:
- SUVIDHA Plan - FREE account opening and first-year free AMC.
- PRO 749 Plan - First Three Trades Free (Up to volume of 1 lac).
- Plan 249- Upto 75k complementary delivery turnover (Validity for complementary delivery turnover – 3 months up to 5 trade).
- Plans One India One Plan (OIOP)-3K, OIOP-10K, Pro 749 and Plan249- 1st year DP AMC is free.
Schedule of Brokerage/Charges and Taxes
| 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:
- The Best 3-in-1 Trading Account in India Stock Market - ICICI Bank, HDFC Bank, SBI, Kotak Securities etc
Visit SBI Securities Brokerage Charges Review for more detail.
Zerodha (Flat Rs 20 Per Trade)
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 (Flat Rs 20 Per Trade)
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.
- 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 Cons (Disadvantages)
The following are the cons of SBI Securities. Check the list of SBI Securities drawbacks.
- 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 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.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value for T+5 days | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure + Delivery margin) | 1x |
SBI Securities Ratings
| Overall Rating |  2.5/5 |
| Fees |  3.0/5 |
| Brokerage |  2.7/5 |
| Usability |  2.6/5 |
| Customer Service |  2.8/5 |
| Research Capabilities |  2.4/5 |
Based on 163 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 | 2024-25 | 920,840 | 26 | 0% |
| NSE | 2023-24 | 891,155 | 212 | 0.02% |
| BSE | 2023-24 | 287,531 | 51 | 0.02% |
| NSE | 2022-23 | 516,083 | 234 | 0.05% |
| BSE | 2022-23 | 198,031 | 47 | 0.02% |
| 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% |
* 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. 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. Does SBI Securities provide customer support through Online Chat?
No. SBI Securities doesn't provide customer service through Chat service online.
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. Does SBI Securities publish daily market research reports?
Yes, SBI Securities publish daily market research reports.
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. How to close SBI securities account?
Steps for closing SBI securities account:
- Download the SBI Demat & Trading Account Closure Request Form
- Fill in all the details and sign it.
- Attach the unused Delivery instruction slips, if any.
- 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.
SBI Securities Reviews
- SBI Securities Charges Review
- SBI Securities Mobile App Review
- SBI Securities Account Opening Process Review
- SBI Securities Demat Account Review
- Apply in IPO through SBI Securities
- SBI Securities Branch Offices / Sub Brokers / Franchise
- SBI Securities Trading Software Review
- SBI Securities NRI Account Review
- SBI Securities Mutual Fund Review
- Is SBI Securities safe for trading and long term investment?
- SBI Securities API Review (Algo Trading)
- SBI Securities Complaint Monitor
- SBI Securities FAQs
Compare SBI Securities with Top Brokers in India
Zerodha (Flat Rs 20 Per Trade)
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.
162 Comments
162.Sreejith || Link|September 2, 2024 11:06:13 AMReply
One of the worst trading apps. The application doesn't work most of the time and so does their customer service number. I regret opening an account with them
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
161.Ravindra || Link|September 1, 2024 3:15:04 PMReply
Very very high brockerg charge in the other platform... Very very very very bad brockerg platform sbicap Sceruty.
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Below Average
Overall Experience - Very Poor
160.Rakesh Kumar Chaurasiya || Link|July 13, 2024 6:09:07 PMReply
SBI security app is very useful but they have 500 rupees AMC it is very high than other security app.
They must reduce the QMC charge like other broker app.
Ratings:
Brokerage - Above Average
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Below Average
159.Haribhau Ramchandra Lagad || Link|April 29, 2024 8:08:20 PMReply
Dislike
Ratings:
Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Below Average
158.Ramesh || Link|April 4, 2024 8:12:26 AMReply
Daily margin charges are too high
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Average
Overall Experience - Very Poor
157.Kuntala Maitra || Link|February 4, 2024 12:09:30 PMReply
It's a hopeless platform and never shows real time updates, execution order gets exhausted not executed without clues and valid reason, invalid customer care response,you may also find your stock has been sold on screen.& never expect response from back end.
Rediculous.
156.Jasvinder || Link|June 19, 2023 7:20:46 AMReply
SBICAP Securities is shameless and does not care about customer complaints. I am an NRI customer and my account is locked. I have made several complains., escalated these complains from last 7 months , however my issue is still not resolved. So do not boast about customer grievances as they are the worst in the world. My customer id is N7024127 and my email id is jasnanda@hotmail.com if you wish to help me.. Thanks
156.1.Dr T Paramasivan || Link|October 24, 2023 1:19:22 PM
Please lodge a grievance with Prime Ministers public grievance portal.
https://pgportal.gov.in/
You will get resolution.
155.Sachin || Link|September 27, 2023 5:51:06 PMReply
High charges
no customer support
very tedious process to close the account
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
155.1.Washim Uddin || Link|October 31, 2023 1:52:58 PM
High charges
no customer support
very tedious process to close the account
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
154.H K PATHAK || Link|October 26, 2023 3:10:33 PMReply
Closed research activity and save public money
153.H K PATHAK || Link|October 25, 2023 3:20:51 PMReply
Required Mention timing in recommendation, While recommendation mentioned already 10℅ profit i
152.H K PATHAK || Link|October 25, 2023 3:09:53 PMReply
Reacherch Activity Very Worst
151.Nitesh Rungta || Link|September 7, 2023 6:51:29 PMReply
SBI Securities is overpriced and compared to leading brokers slower in everything as well as their app is not comparable in terms of user friendliness to the best who are charging far lesser
They are still living well in the past.. how people tolerate their charges is a mystery
150.Hitesh || Link|August 9, 2023 8:10:18 AMReply
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. I put all my investment back to benarmstrong-trades, I buy investment plans and do copy trading and I’m getting over 16k weekly that I why I stop using SBI.
On SBI 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. Benarmstrong-trades are far reliable.
149.Hemanta Kumar Nayak || Link|July 31, 2023 8:07:11 AMReply
Brokages should be reduced
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Above Average
Customer Service - Below Average
Overall Experience - Below Average
148.Bhavin Trivedi || Link|July 27, 2023 1:19:26 PMReply
Brokerage is to high. As compared to other.
They have reduced charges so more people also join Sbicap securities
Ratings:
Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Below Average
147.DWAIPAYAN SARKAR || Link|July 24, 2023 5:03:23 PMReply
Truely speaking as SBICAP is a big institutions so thaty think they can do anythink, their service, adding funds are all worst than anything esle and they are denying all allegations and its complete non-sense and like me there are millions of retail investors are getting trapped and bullied by the these big broker houses ,and they loosing opportunities to trade ,loosing money ,can't add funds properly like the day 5th july 2023 i tried to add funds but failed and lose opportunity to earn profit from yes bank ,like this but they can simple ignore this with nonsense that i not added funds on 5th july 2023,in one word iam talking about is that this big brokers like sbipcasec are looting customers,slow order routing , their interface are of like colonial mindset ,worst and not upgraded or user friendly like top broker zerodha ,hence like me manym are loosing big opportunities of profit daily and get bullied daily byt they are playing the same game following customers ,i beg to NSE KOLKATA to take some big actions like these brokers to upgrade opr make user friendly interface,rectify late customer service and all non sense , they are just in one word pathetic and cruel,what more can is ay ,and those days are not so far when india where financial literacy is negligible will gradually decrease retail investors participation due this nonsense and cruel brokers and its really unexpected from a big bank broker like SBICAP OF STATE BANK OF INDIA ,FOR GOD SAKE KINDLY DEEP INVESTIGATE TAKE REVIEWS FROM OTHER CUSTOMERS LIKE ME AND YOU WILL GET THE CLEAR CRUELTY PICTURE OF THSEE STOCK BROKERS LIKE SBICAP SECURITIES. LOOTING CUSTOMERS WITH THEIR NONSENSE AND PATHETIC SERVICE.-------OOOOOOOOOOOOOOO GOD SAVE US. 😡😭😡
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
146.G.k Agrawal || Link|June 20, 2023 11:26:50 PMReply
I applied online to activate my dorment account dt14june2023 .Informe me status of my application .
.
145.Gks || Link|June 4, 2023 12:07:45 PMReply
Charges very high
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Excellent
Overall Experience - Below Average
144.Ajit Wani || Link|May 16, 2023 3:18:30 AMReply
-Very high brokerage
-Poorly functional help desk
-Can not withdraw the balance money from your trading account .
- Very unprofessional
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
143.Sagar || Link|May 11, 2023 9:25:52 AMReply
If any one is referring review to open dmat account in SBICAP just check your horoscope first.
Most unprofessional, unethical and nonsense service provider.
They took all my portfolio to physical mode and not enabling me to liquidate. I am running pillar to post just to know if the holdings are actual.
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