SBI Securities: Demat Account, Login, Charges & Customer Care

SBI Securities is the stock trading arm of the State Bank of India (SBI). It offers an online platform where you can invest in stocks, mutual funds, IPOs, derivatives, and more. It’s safe, beginner-friendly, and backed by a trusted bank.

What is an SBI Securities Demat Account?

A Demat Account is like a digital locker for your shares. Earlier, people got paper certificates for stocks. Now, everything is stored electronically. Just like UPI replaced cash for payments, Demat replaced physical shares. With SBI Securities, you can:

• Open a Demat + Trading account.
• Buy/sell stocks, mutual funds, IPOs.
• Access tools, reports, and the mobile app.
• Use your existing SBI bank account for easy transactions.

How to Open an SBI Securities Demat Account?

SBI Securities is registered with both CDSL and NSDL, which are the companies that safely store your shares in digital format. SBI acts as a middleman (called a Depository Participant) between you and them. You don’t need to visit a branch. The entire account opening process is online and paperless.

1. Go to the SBI Smart website.
2. Click on “Open Free Demat A/c”
3. Enter your Aadhaar-linked mobile number. This number must be linked with your Aadhaar for OTP verification.
4. Accept the Terms and Conditions. Tick the checkbox to proceed.
5. Verify with OTP. Enter the OTP sent to your mobile.

6. Upload the Required Documents, so you’ll need to upload: Aadhaar Card, PAN Card, Passport-size photo, Signature (on white paper), and Bank proof (Cancelled cheque or passbook)

7. Complete the e-Sign Process, and use your Aadhaar OTP again to e-sign the form digitally.

That’s it. Your SBI Securities Demat + Trading account will be activated soon, and you’ll be ready to invest in stocks, IPOs, mutual funds, and more, all from your phone or laptop.

How to Log in to Your SBI Securities Account?

Once your Demat and Trading account is opened with SBI Securities, you can log in to start buying and selling shares, applying for IPOs, checking your portfolio, and more. Follow these easy steps:

1. Go to the official SBI Securities website.
2. Click on the “Login” button in the top right corner.
3. Choose “Trading & Demat Login” from the dropdown.
4. Enter your Client Code (You’ll receive this via email/SMS after account activation).
5. Enter your Password.
6. Click on “Submit” to access your dashboard.

SBI Securities Charges

If you're trading with SBI Securities, there are a few charges you need to be aware of these include account setup fees, yearly maintenance, brokerage fees, and transaction costs.

Account Charges 

Here are the SBI securities offered for the stock trading account and the demat account. To trade with SBI Securities, the customer has to pay fees, taxes, and commissions. So here is the share trading fee structure and the amount of trading commission. 

Transaction	Fee
Trading Account Opening Charges (One Time)	₹850
Demat Account Annual Maintenance Charges AMC yearly fee	₹750 Free for 1st Year

Brokerage Charges

You pay this fee every time you buy or sell a stock or any financial instrument.

Segment	Brokerage Fee
Commodity Option	₹100 (buy and sell side)
Commodity Futures	0.05%
Equity Option	₹100 per lot (buy and sell side)
Equity Futures	0.05%
Equity Intraday	0.05%
Equity Delivery	0.50%
Currency Option	₹30 per lot
Currency Futures	0.03%
Monthly Fee	Fixed

Demat Charges

These are fees for maintaining and operating your Demat account, especially when you sell (debit) shares.

ID	Transaction	Charges
1	Demat Account Opening Charges	₹850
2	Demat + Courier Charges	₹5 per cert + ₹35 courier charges per request
3	Annual Maintenance Charges (AMC)	Individual Account: ₹750 (₹500 for e-statement)
4	Remat	₹35 Per Request + CDSL Charges i.e. ₹10 per 100 securities or part quantity
5	Pledge Creation Confirmation	0.02% of Value or Min ₹25/- whichever is higher (Plus CDSL/NSDL Charges)
6	Pledge Creation	0.02% of Value or Min ₹25/- whichever is higher (Plus CDSL/NSDL Charges)
7	Pledge Invocation	0.02% of Value or Min ₹25/- whichever is higher (Plus CDSL/NSDL Charges)
8	Failed Transaction	₹10 per failed instruction

Transaction Charges

These are charged by exchanges like NSE and BSE when you trade. They depend on the segment and volume.

Segment	Transaction Fee
Currency Options	NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Currency Futures	NSE ₹90 per Cr (0.0009%) | BSE ₹90 per Cr (0.0009%)
Equity Options	NSE ₹5000 per Cr (0.05%) | BSE ₹3700 per Cr (0.037%) (on premium)
Equity Futures	NSE ₹190 per Cr (0.0019%) | BSE ₹0
Equity Intraday	NSE ₹322 per Cr (0.00322%) | BSE ₹375 per Cr (0.00375%) (sell side)
Equity Delivery	NSE ₹322 per Cr (0.00322%) | BSE ₹375 per Cr (0.00375%) (each side)

SBI Smart App: Is It Any Good?

The SBI Smart App is the official mobile app by SBI Securities. It lets you manage all your stock market activities from your phone.

Key Features

• Buy & Sell Shares Instantly: Trade stocks in real-time.
• Live Stock Prices: Check current prices anytime.
• Apply for IPOs: Apply for upcoming IPOs directly.
• Invest in Mutual Funds: No separate app needed.
• Access Research Reports: Read expert analysis before investing.

How’s the App Experience?

• The app works fine for basic tasks like checking prices or placing orders.
• It’s suitable for beginners who want simple features.
• But compared to apps like Zerodha Kite or Upstox, it feels a bit outdated and slower.

If you’re a casual investor or new to the stock market, the app is good enough. If you're a daily trader who needs speed and advanced tools, you may find it limiting.

SBI Securities Customer Care

If you’re facing issues with account login, trading, Demat services, or just need help getting started, SBI Securities offers multiple support options.

Customer  Support	Details
Toll-free number	02268545555/ 02240014155 (IVR is available on trading days) 8:45  AM to 5:30 PM Monday to Friday, except for trading holidays. 10:00  AM to 4:00 PM Saturday, except trading holidays.
Call & Trade	(IVR is available on trading days) 8:45  AM to 4:00 PM Monday to Friday, except trading holidays
Email ID	[email protected]
Email ID for Demat Account	DP.grievance@sbicapsec.com
Market Association (for marketing association, media-related queries)	[email protected]
Address	Marathon Futurex, Unit No. 1201, B-Wing,12th Floor, N M Joshi Marg, Mafatlal Mill Compound, Lower Parel East, Mumbai 400013

Pros & Cons of SBI Securities

Pros

• Trusted Name: Backed by the State Bank of India, one of the most trusted banks in India.
• All-in-One Platform: Invest in stocks, mutual funds, IPOs, F&O, and more from one account.
• Branch + Online Support: Get help both online and at SBI branches.
• Beginner Friendly: Great for long-term investors who want safety over speed.

Cons

• Higher Charges: Brokerage and annual fees are higher than discount brokers like Zerodha or Upstox.
• Old-School App: SBI Smart app works, but feels slow and outdated.
• Not for Active Traders: Lacks advanced tools and low-cost trading features for daily or high-volume traders.

Conclusion 

In Conclusion, SBI Securities is ideal if you want trust, reliability, and convenience. Yes, it's a little costlier than new-age brokers, but it offers solid support, connects with your SBI bank account, and gives access to all types of investments. If you're just starting your investment journey, this is a safe bet. But if you're planning to trade daily or want cheaper options, check out Zerodha or Upstox too.