Trading Fuel
  • Stock Market
    How to Control Fear and Greed in Trading How to Control Fear and Greed in Trading?
    December 16, 2022
    Trading too complex a strategy with many indicators Trading too complex a strategy with many indicators?
    December 3, 2022
    Why not Invest in Penny Stocks Why not Invest in Penny Stocks?
    November 28, 2022
    Importance of Risk Management System in Trading Importance of Risk Management System in Trading
    November 26, 2022
    Benefits of Backtesting Benefits of Backtesting
    November 25, 2022
    Position Sizing Position Sizing – Key to Survive in Trading
    November 23, 2022
    How do Stop Over Trading How do Stop Over Trading?
    November 19, 2022
    How to become a disciplined trader How to become a disciplined trader?
    November 19, 2022
    Nifty 50 Stock List for 2023 Nifty 50 Stock List for 2023 And Their Weightage
    November 17, 2022
    How Can I Improve My Trading Skill How Can I Improve My Trading Skill?
    November 16, 2022
    Previous Next
  • Intraday
    Candlestick Patterns Candlestick Patterns: Part 2
    November 30, 2022
    Learn Trading in India Learn Trading in India
    October 15, 2022
    Best-Intraday-Trading-Formula Best Intraday Trading Formula
    September 28, 2022
    Most Effective Top 5 Bullish Indicators Most Effective Top 5 Bullish Indicators
    September 1, 2022
    Top 5 Best Technical Analysis Software Top 5 Best Technical Analysis Software
    August 27, 2022
    What Is Intraday Trading Beginners to Expert Guide) (1) What Is Intraday Trading? Beginners to Expert Guide)
    August 26, 2022
    Is Intraday Trading Profitable Is Intraday Trading Profitable?
    August 2, 2022
    Best Intraday Trading Tips for Beginners Best Intraday Trading Tips for Beginners
    July 18, 2022
    Inside Bar Candle Setup Inside Bar Candle Setup
    July 11, 2022
    Intraday Trading Strategies Top 3 Intraday Trading Strategies
    January 6, 2021
    Previous Next
  • Technical Analysis
  • Demat
  • Mutual Fund
  • IPO
  • Amibroker
In Reviews

How to Open Demat Account in SBI?

May 3, 2020 7 Mins Read
Home > How to Open Demat Account in SBI?
How to Open Demat Account in SBI
Share
Share on Facebook Share on Twitter Pinterest Email

How to Open Demat Account in SBI? || Review, Charges, App, Benefits :

You know right, as a trader or investor you need to open the demat account for starting the trading or investing in the stock market.

In this article on “How to Open Demat Account in SBI?” you will get all the details regarding the process and the charges that the State Bank of India takes for their demat services.

State Bank of India is a huge group in which the SBI Securities is the important part that play the role of the brokerage industry of the SBI and provides the customer all the services and support that is necessary in the brokerage firm industry.

Although, the State Bank of India had gained a lot of reputation and because of that most of the customers trust the bank and reliable to it.

As you also know that the State Bank of India as the more number of the customers associated with it with comparison to the banks available in India.

SBICAP Securities Ltd was started in the year 2006 and because of its versatility and its diversification, it has been now in the leading positions of the stock market currently.

SBI Securities has add value to the company’s portfolio by offering many innovative investment plans and solution to its partners and customers.

So, let us jump into the mainstream of the topic and observe the documents that are required for opening the Demat account in State Bank of India.

Videou Source: https://youtu.be/OPm-oCyeYr0

Table of Contents

  • Documentation Required for Opening the Demat Account in SBI
  • How to Open the Demat Account in SBI?
    • 1. Visit the nearest local SBI branch
    • 2. You can also use the Online Facility
    • 3. Contact the Customer Care and they will help to open the Demat Account
  • SBI Demat Account Benefits
  • SBI Demat Account Charges
      • Conclusion
      • About Us

Documentation Required for Opening the Demat Account in SBI

Documents that are required for opening the demat account in SBI:

  1. PAN Card
  2. Aadhar Card
  3. Passport Size Photos
  4. Existing SBI saving account passbook

Now, let us see the process of opening the demat account in SBI.

How to Open the Demat Account in SBI?

There are 3 ways available for opening the demat account in SBI.

1. Visit the nearest local SBI branch

As you know in the country there are many branches of the State Bank of India.

So, you can also visit one of the nearest branches and with that you can also complete all the documentation work within a day.

And meeting an executive can clear all your doubts with complete information about the brokerage charges, annual maintenance charges, benefits and many more things from the bank.

This can be easiest way for the traders or the investors as in this there is no question of doubt remains in once mind.

SBI SMART MONEY Mobile Trading App | Video Source: https://youtu.be/78lS91_ZMqE

2. You can also use the Online Facility

As in today’s time most of the people have been shifted to use the technology more and many young age people are becoming the participants in the stock market.

And so that they choose to open their Demat account with using the online facility of SBI Securities.

So, let us see the procedure to open the demat account online:

  • Firstly, when you open the online application click on the “Open Demat Account” option that is available.
  • Complete the information that is required or asked by them.
  • Once you have completed the online form after that your form will go to the back office for processing and verification.
  • After that they will arrange a call from their sales representative and they will call you to assist the procedure and the representative also helps in completing the KYC upload procedure.
  • For KYC, you need to upload the documentation that is already mentioned above and in that you need to scan the documentation and after that upload them to the site.
  • After submitting the documents, the final verification process takes place and the company executive will call you to cross-check the details with you and with that if the documentation will be cleared then they will activate your account within 24 to 48 hours.

These was about the procedure of online submitting and opening the demat account.

3. Contact the Customer Care and they will help to open the Demat Account

The last way is to take the help from the customer care by following the procedure mentioned below:

  1. Open the Contact Us page on the SBI Smart Website. (https://www.sbismart.com)
  2. Fill up the contact form or you can call the toll free number and give your details about your name, city, pin code and the mobile number.
  3. After that the local SBI relationship Manager from your city will call you and within two working days he or she will instruct you about the process.

Now, let us see what is the role of local SBI relationship manager?

  • Most probably, the manager will take your address and fix an appointment to meet you at your residential address or the address you provide.
  • The manager will carry the form of opening the demat account and requires your sign on the form and collect the necessary documentation.
  • As soon as the form submitted the account will be activate within the 15 days.
  • And they provide you the mail that contains the user-id and the password along with the instructions about the trading or investing through the SBI Smart.

So, this was about the different ways or options that the customer have for opening the demat account from the SBI.

Now, let us go through the benefits of choosing the SBI as the brokerage firm.

Video Source: https://youtu.be/LJUMYWEfCdg

SBI Demat Account Benefits

  1. Being the most senior player in the banking industry has the trust, faith and consider as the brand by the customer so it has the credibility.
  2. Despite the fact the oldest banking service provider they have many customer connectivity that helps in wide network and complete support to their customers.
  3. They also charge low brokerage fees from the customers with comparing their other competitors in the industry.
  4. As this is a large group with various diversify products facility so the customer can get all the financial services from place and it also acts as one stop shop for financial industry.

These was about the benefits of choosing SBI Securities for opening the Demat Account.

The annual maintenance charge for the demat account by the SBICap Securities is very low with the comparison and it is 400 Rs per annum.

The firm does not charge any maintenance charge for trading account and requires initial margin of Rs 25,000 for starting trading.

Let us now see about the charges for the demat account:

SBI Demat Account Charges

Different ChargesCharge
Depository ParticipantCDSL & NSDL (They charge 500 Rs for both demat and trading account)
Account Opening ChargesRs. 500
Demat AMC (Annual Maintenance Charges)Rs. 400
Trading AMCFree
Margin requiredRs. 25000
SBI Demat Account Charges

These were the charges that the SBI Securities apply for opening the demat account.

Conclusion

On our article about “How to Open Demat Account in SBI?” describes the complete information about the procedure and the charges and the benefits about choosing the SBI Securities for opening the demat account. Hope that you like this blog and find useful. Read more about the other brokerage firm services from our site as we had mentioned post on them also.

About Us

Trading Fuel is about the quality and the information on every content provide by us. We focus mainly from the reader’s perspective and make the blogs or articles in easy language that can be understand by everyone. You can also check the various blogs regarding the brokerage firms to know about their process, charges, and benefits. Let yourself learn and read more and stay updated.

Author Prashant Raut

Prashant Raut is a successful professional stock market trader. He is an expert in understanding and analyzing technical charts. With his 8 years of experience and expertise, he delivers webinars on stock market concepts. He also bags the ‘Golden Book of World Record’ for having the highest number of people attending his webinar on share trading.

What is Intraday Equity and Delivery Equity
Prev Post

What is Intraday Equity and Delivery Equity?

May 1, 2020 6 Mins Read
Sharekhan MINI – Know its Features, Benefits and Login Instructions
Next Post

Sharekhan MINI – Know its Features, Benefits and Login Instructions

May 4, 2020 6 Mins Read

Related Posts

Groww Review

Groww Review

October 25, 2022
what is amc in demat account

Annual Maintenance Charges (AMC)

October 18, 2022
5paisa Review 2022

5Paisa Review

October 11, 2022
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • About Us
  • Terms of Use
  • Disclaimer & Privacy Policy
  • Contact Us
  • sitemap

© 2018-20 Trading Fuel

Shop no. 217 2nd floor Raghuvir symphony shoppers, Bhimrad-Althan Rd, Surat, Gujarat 395007

Top

    Type above and press Enter to search. Press Esc to cancel.

    Free Intraday Tips