SBI Securities uses several brokerage plans with different delivery, derivatives, ETF and annual-maintenance terms. Plan-specific offers therefore matter more than a single headline rate. The depository tariff also distinguishes online/DDPI debits from branch instructions: its standard online debit rate already includes the stated CDSL or NSDL component, which must not be added twice.[1][2][4][3]
Accounts and eligibility
Sections ↑Account comparison01
Resident online application scope
| Item | Details |
|---|---|
| Eligibility | The reviewed DIY terms require a resident Indian national physically in India.Source 1 |
| Ownership | The online application is for a sole-holder account under those terms.Source 1 |
| Verification | Identity, KRA and tax-name matching requirements apply; electronic communications use the registered contact details.Source 1 |
Account comparison02
NRI application is separate
| Item | Details |
|---|---|
| Route | SBI Securities offers a separate NRI account process.Source 6 |
| Opening help | [email protected] and +91 22 6856 7464.Source 6 |
| Scope | The resident DIY terms should not be used to claim that NRI applicants are eligible through the same application flow.Source 6 |
Account comparison03
DDPI instruction scope
| Item | Details |
|---|---|
| Online selection | The terms describe DDPI covering the four stated functions, including settlement, pledging, mutual funds and tender offers.Source 1 |
| Selective authority | A client seeking only selected DDPI functions is directed to the physical-form route.Source 1 |
| Purpose | DDPI authorises specified depository operations; it is not an unrestricted investment-management mandate.Source 1 |
Products and market access
Sections ↑Specifications04
Trading and distribution services
| Item | Details |
|---|---|
| Trading | Equities, listed derivatives, currencies and ETFs under the enabled segments and plan.Source 3Source 1 |
| Distribution | Mutual funds and other investment products are offered in the separately disclosed distribution capacities.Source 3Source 1 |
| Regulatory distinction | Stockbroking, depository, research and distribution registrations cover different activities.Source 3Source 1 |
Specifications05
MTF and cash borrowing
| Item | Details |
|---|---|
| e-margin/MTF | Financed equity positions have plan-specific brokerage and funding terms.Source 1 |
| Carried exposure | Funding costs can continue after the stated introductory or eligible period.Source 1 |
| Risk | Financed buying power is a loan-supported position and is not withdrawable bonus cash.Source 1 |
Trading and holding costs
Sections ↑Pricing & charges06
Suvidha brokerage
Pricing & charges07
Pro749 brokerage
Pricing & charges08
OIOP3K and OIOP10K
| Item | Details |
|---|---|
| OIOP3K delivery/e-margin | 0.20% delivery and 0.50% e-margin.Source 1 |
| OIOP10K delivery/e-margin | 0.10% delivery and 0.40% e-margin.Source 1 |
| Intraday and derivatives | The listed plans use ₹20 per order for the relevant intraday, futures, options and currency categories.Source 1 |
| ETFs | No brokerage in the stated OIOP ETF line; taxes and other costs remain separate.Source 1 |
Pricing & charges09
Women plan
Pricing & charges10
ProZero dealing scope
| Item | Details |
|---|---|
| Delivery and e-margin | 0.20% and 0.50%, respectively.Source 1 |
| Intraday | The plan lists nil cash intraday and F&O intraday brokerage.Source 1 |
| Carried F&O and currency | ₹20 per order in the applicable carry-forward and currency lines.Source 1 |
| ETFs | Nil brokerage; minimum-charge qualifications, statutory levies and service costs can still apply.Source 1 |
Pricing & charges11
Complimentary delivery turnover
| Item | Details |
|---|---|
| Pro749 | ₹250,000 of eligible complimentary delivery turnover under the lifetime offer.Source 1 |
| OIOP3K / OIOP5K / OIOP10K | ₹1.5 million / ₹3 million / ₹7.5 million, respectively, under the stated lifetime conditions.Source 1 |
| Exclusion | MTF turnover is excluded from this offer.Source 1 |
| Nature of benefit | A brokerage concession on qualifying turnover, not cash that can be withdrawn.Source 1 |
Pricing & charges12
Annual-maintenance concessions
| Item | Details |
|---|---|
| Suvidha DIY | Free account opening and first-year AMC under the specified route.Source 1 |
| Pro749 | First-year AMC waiver under the stated plan.Source 1 |
| OIOP3K | The plan lists ₹500 AMC after the initial applicable concession.Source 1 |
| OIOP5K and OIOP10K | The stated 50% AMC concession applies from year two onward.Source 1 |
Pricing & charges13
Women plan opening-date condition
Pricing & charges14
General depository AMC and BSDA
| Item | Details |
|---|---|
| Ordinary individual demat | ₹500 or the applicable plan-specific amount.Source 2 |
| Eligible BSDA up to ₹4 lakh | Nil AMC under the listed balance band.Source 2 |
| Eligible BSDA above ₹4 lakh up to ₹10 lakh | ₹100 plus GST annually.Source 2 |
| Condition | BSDA eligibility and the applicable account classification must be satisfied; a low balance alone does not change every account automatically.Source 2 |
Pricing & charges15
Online, POA and DDPI demat debits
| Item | Details |
|---|---|
| Rate | 0.01% per ISIN, minimum ₹21 and maximum ₹300.Source 2 |
| Depository component | The tariff states that CDSL ₹3.50 or NSDL ₹4 is included in this charge.Source 2 |
| Tax | Applicable GST is additional; do not add the included depository component for a second time.Source 2 |
Pricing & charges16
Branch and failed depository instructions
| Item | Details |
|---|---|
| Branch debit | 0.04%, minimum ₹30 and maximum ₹50,000 per the tariff.Source 2 |
| Late instruction | An additional ₹10 per ISIN is listed for the stated late-instruction service.Source 2 |
| Failed instruction | ₹10.Source 2 |
| Incoming securities | The listed on-market and off-market credits are free.Source 2 |
Pricing & charges17
Dematerialisation and rematerialisation
| Item | Details |
|---|---|
| Dematerialisation | ₹35 per request plus ₹5 per certificate.Source 2 |
| Rematerialisation | ₹35 plus the stated quantity/certificate-based charges in the tariff.Source 2 |
| Purpose | These are conversion/record services, separate from buying or selling securities on an exchange.Source 2 |
Pricing & charges18
Pledge charges depend on the plan
| Item | Details |
|---|---|
| General depository pledge | 0.02%, minimum ₹25, plus the applicable depository component.Source 2Source 1 |
| General MTF pledge line | ₹15 per ISIN per creation/closure transaction in the depository tariff.Source 2Source 1 |
| ProZero-specific line | ₹20 per ISIN for the specified pledge request, invocation or release in that plan; do not apply this to every account.Source 2Source 1 |
Pricing & charges19
Financing and assisted ProZero orders
| Item | Details |
|---|---|
| Specified debit/extended funding | 0.04% per day under the identified post-period MTF and debit-balance terms.Source 1 |
| ProZero assisted/RMS service | ₹49 per order, subject to a cap of 2.5% of trade value, for the stated assisted, risk-management and expiry-related orders.Source 1 |
| Annualisation | The daily financing rate is quoted directly; no inconsistent parenthetical annual equivalent is repeated.Source 1 |
Platforms, orders and execution
Sections ↑Process20
ProZero route and service changes
| Item | Details |
|---|---|
| Opening channels | DIY and YONO under the stated plan conditions.Source 1 |
| Assisted relationship | The terms describe withdrawal of the adviser/VRM service and branch remapping for this plan.Source 1 |
| Plan payment | Upgrade or cancellation does not create a refund entitlement under the specified non-refundable terms.Source 1 |
Process21
Minimum-charge qualifications
| Item | Details |
|---|---|
| OIOP and Pro749 | The terms specify a ₹0.01-per-share qualification in the relevant clauses.Source 1 |
| ProZero | Its own minimum-charge wording must be read with the plan’s nil-brokerage lines.Source 1 |
| Order review | Nil brokerage is not an all-in zero-cost execution promise.Source 1 |
Funding, settlement and transfers
Sections ↑Process22
Meeting obligations during a system problem
| Item | Details |
|---|---|
| Client responsibility | Settlement and margin obligations continue despite a technical issue.Source 1 |
| Alternative funding | The terms identify virtual-account or cheque routes in the stated outage context.Source 1 |
| Execution boundary | An alternative funding route does not itself guarantee that an order will be placed or cancelled during a disruption.Source 1 |
Process23
Closing an account with holdings
| Item | Details |
|---|---|
| Transfer route | The public workflow describes transferring demat holdings to the investor’s account with another depository participant.Source 4 |
| Other options | Sell and withdraw proceeds, or use the documented physical DIS/eDIS transfer processes.Source 4 |
| Sequence | Outstanding holdings and cash must be resolved before the relevant closure checks can be satisfied.Source 4 |
Custody and client protection
Sections ↑Protections & eligibility24
Stockbroker, depository and research registrations
Protections & eligibility25
Other disclosed capacities
Support, complaints and records
Sections ↑Process26
Complaint and query channels
| Item | Details |
|---|---|
| Telephone | +91 22 6854 5555; the complaint procedure states 09:30–17:30 IST.Source 5 |
| General help | [email protected].Source 5 |
| Complaints | [email protected]; depository complaints can be sent to [email protected].Source 5 |
Process27
Statements and duplicate records
Process28
Online closure checks
| Item | Details |
|---|---|
| Balances | The workflow checks for nil ledger, available trading limit, depository and mutual-fund holdings.Source 4 |
| Positions | No equity, F&O or currency position/trade may remain under the stated checks.Source 4 |
| Recurring instructions | There must be no active equity or mutual-fund SIP.Source 4 |
Process29
Restrictions after requesting closure
| Item | Details |
|---|---|
| Immediate status | The public workflow says the account is disabled for fund transfers/holds and order placement after submission.Source 4 |
| Access | The displayed process distinguishes initial disabled access from eventual loss of login after closure.Source 4 |
| Processing target | The page gives a three-working-day processing message for a qualifying request; this is not an unconditional completion guarantee.Source 4 |
Research and additional services
Sections ↑Availability30
Research and recurring investment
| Item | Details |
|---|---|
| Research | Provided under the separately disclosed research analyst registration.Source 3Source 1 |
| Equity SIP | The legal disclaimer distinguishes the broker’s Equity SIP facility from an exchange-approved product.Source 3Source 1 |
| Account closure | Active recurring instructions must be stopped or resolved before online closure can proceed.Source 3Source 1 |
Company and service history
Sections ↑Regional comparison31
Operating company
- Headquarters
- India
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
SBICAP Securities Limited
IndiaSource 3
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Securities and Exchange Board of IndiaINZ000200032 | Not verified | Checked 27 Oct 2026Current provider disclosure checked; this is not a fresh independent regulator-register verification.Source 3 |
| Securities and Exchange Board of IndiaIN-DP-314-2017 | Not verified | Checked 27 Oct 2026Provider-disclosed depository participant registration; separate from the stockbroker registration.Source 3 |
| Securities and Exchange Board of IndiaINH000000602 | Not verified | Checked 27 Oct 2026Provider-disclosed research analyst registration; separate from stockbroking and depository permissions.Source 3 |
Cost illustrations and practical implications
Sections ↑Scenarios32
Calculated depository debit example
| Item | Details |
|---|---|
| Assumption | ₹100,000 debit value in one ISIN through the standard online/POA/DDPI route.Source 2 |
| Percentage calculation | 0.01% equals ₹10, so the ₹21 minimum applies before GST.Source 2 |
| No double counting | Do not then add CDSL ₹3.50 or NSDL ₹4: the tariff says the applicable depository component is included.Source 2 |
Scenarios33
Comparing two delivery plans
| Item | Details |
|---|---|
| ₹100,000 delivery trade | Suvidha’s 0.50% produces ₹500 brokerage; OIOP10K’s 0.10% produces ₹100 before separate charges.Source 1 |
| Plan cost | Account-opening/plan payments and concession eligibility must also be included in the comparison.Source 1 |
| Selling later | Sale-side brokerage, depository debit fees, taxes and other applicable costs are additional considerations.Source 1 |
Sources & further reading
- SBI Securities: current account-opening and brokerage-plan terms SBICAP Securities (SBI Securities) · Accessed 27 Oct 2026
- SBI Securities: depository tariff sheet, including BSDA and debit fees SBICAP Securities (SBI Securities) · Accessed 27 Oct 2026
- SBI Securities legal and regulatory disclosure SBICAP Securities (SBI Securities) · Accessed 27 Oct 2026
- SBI Securities online account closure: checks, restrictions and transfer alternatives SBICAP Securities (SBI Securities) · Accessed 27 Oct 2026
- SBI Securities: procedure to file a complaint and contact routes SBICAP Securities (SBI Securities) · Accessed 27 Oct 2026
- SBI Securities NRI account: separate application and assistance SBICAP Securities (SBI Securities) · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.