If you are considering opening a Demat Account with the esteemed State Bank of India (SBI), you might be wondering about the SBI Securities Demat Account Charges in 2024, along with other mandatory requirements. This SBI Securities review will provide you with the essential clarity.

Demat Account: An Overview

Before we delve deeper into the charges, it is essential to understand what a Demat account is. Similar to a bank account, a Demat account holds financial instruments and securities instead of money. Demat stands for the dematerialized account, which can be managed by NSDL or CDSL in India, or even brokerage firms. You can open a Demat account online or visit the bank or brokerage firm that offers this service. Some brokerage houses also provide three accounts in one, i.e., Demat, trading, and savings combined in one.

Charges for SBI Securities Demat Account in 2024

If you plan to open a trading account, you will be charged around 850 Indian Rupees. For a depository account, the Account Maintenance Charge for an individual is Rupees 750, out of which Rupees 500 is for e-statement. The Account Maintenance Charge Non-Individual is rupees 1000. You do not have to pay any charges for closing your account.

On-Market and Off-Market Charges

Let us now check the On-Market (Sell Market) and Off-Market charges. These are evaluated as a percentage of the transaction value of each ISIN.

  • For On market instructions, charges with POA account for 0.01% of the entire transaction. This could roughly be a minimum of 21 rupees and a maximum of 300 Rupees.
  • You will be charged 0.01% of the transaction amount for submitting instructions through the internet. Again, this could be a minimum of 21 rupees and a maximum of 300 rupees.
  • If you submit instructions offline through financial branches, you will be charged 0.04% of the transaction amount. This could be a minimum of 30 Rupees and a maximum of fifty thousand Rupees.
  • The extra charges for late submission instructions through branches are Rupees 10 per ISIN.

Dematerialization or Rematerialisation Charges

The Dematerialisation or Rematerialisation charges will apply to each request or certificate separately. For each Dematerialisation request form, you will be charged thirty-five rupees. Each dematerialization certificate costs five rupees. For each rematerialization form, thirty-five rupees are charged. You will be required to pay an additional ten rupees for every hundred securities or part thereof. Alternatively, you can also be charged a fee of rupees ten per certificate, depending on which one of the two is higher.

Pledge Creation/Closure/Confirmation/Invocation Charges

The charges for Pledge Creation/Closure/Confirmation/Invocation are not mentioned in this article. We suggest that you contact the bank or brokerage firm that offers this service for more information.

h2>SBI Securities Demat Account Charges 2024: ISIN Requests, Margin Pledge, and More

Protecting your financial instruments from loss or theft is critical, and opening a Demat account with SBI is an effective way to do so. These services are highly monitored and regulated, ensuring the safety of your investments. Before opening an account, you will need to provide various documents, including proof of identity, address, income, bank account, PAN Card, and photographs.

ISIN Request Charges

Each ISIN request costs 0.02% of the transaction value. If this amount is lower than 25 rupees, you will be charged a minimum of 25 rupees. For Margin Pledge, a flat rate of Rs 21/- per ISIN per transaction is required. If you opt for a non-disposal undertaking, you will need to pay 0.02% of the value or a minimum of Rs 50, depending on which amount is higher.

Additional Account Statements Charges

The charges for additional account statements are Rs 30/- if delivered by courier. However, there are no charges for statements delivered by mail.


Opening a Demat account is more accessible and cheaper through online services, and it's the most preferred way of handling it. If you open an account offline, you will be required to pay extra charges. Additionally, a Demat account is necessary for trading in the Indian stock market. The trading charges are yet affordable. With these SBI Securities Demat Account Charges 2024, you can make informed decisions when opening and using your account.


What is an SBI Demat Account, and how is it related to SBICAP Securities?

An SBI Demat Account is a digital account offered by SBI Securities for holding securities like stocks, bonds, and mutual funds. SBICAP Securities is a subsidiary of SBI Capital Markets and provides brokerage services.

What are the charges for opening a Demat account with SBI Cap Securities in 2024?

Here are the charges for opening a Demat accout with SBI Cap Securities:

  • Trading account opening charge: ₹850 
  • Depository account (Individual) Account Maintenance Charge: ₹750 (Out of which ₹ 500 is for e-statement)
  • Depository account (Non-Individual) Account Maintenance Charge: ₹1000 

What are the brokerage charges for trading with SBI Securities?

SBI CAP Securities Brokerage Charges:

  • Equity Delivery: 0.50%
  • Equity Intraday: 0.05%
  • Equity Futures: 0.05%
  • Equity Options: Rs 100 per lot
  • Currency Futures: 0.03%
  • Currency Options: Rs 30 per lot

Can I do equity Intraday trading with an SBI Demat Account?

Yes, you can perform equity Intraday trading with an SBI Demat Account.

Is SBI Securities a discount broker in the stock market?

SBI Securities is a discount broker since it has a minimal brokerage structure.  

Can I link my SBI Securities Demat Account with my bank account for easy transactions?

Yes, you can link your SBI Securities Demat Account with your bank account for convenient transactions.

Is SBI Bank and SBICap Securities the same entity?

SBI Bank and SBICap Securities are different entities. SBI Bank is a banking institution, whereas SBICap Securities is the brokerage arm of SBI Capital Markets Ltd.

What are the products SBI Cap Securities offer?

SBI Securities offer the following products:

Mutual Fund
Fixed Income

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