• Top Stock Brokers in India ‐ Reviews, Comparison and Offers
Overview Overall

"SBICAP Securities is certainly a renowned name in share brokerage Industry with over 2lakh active customer base, powerful online trading tools, Research based investment advice, dedicated customer service"

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

Why SBICAP Securities?

    • SBICAP Securities believes in making you take right decision by yourself. They provide excellent guidance for the investment.
    • Being bank broker, they provide a 3-in-1 account (Demat+Trading+Bank Account)
    • The bank account is linked with trading account making your transactions simpler.
    • There is long list of product and service of SBICAP Securities and also provide facilities to Indian and NRIs. They provide services of Mutual funds, IPOs, Equity Cash, Equity Derivatives, Currency Derivatives, Loan against securities.and many more.


    • 3-in-1 online trading account.
    • Full-service broker
    • Supported by both NSE and BSE
    • Research tips and research reports are up to the mark
    • Instant fund and share transfer facility available
    • Huge geographical availability
    • SBICAP offer 30 calls free in a month

Needs Improvement

    • Trading account and demat account opening fees are comparatively high.
    • 24/7 customer services are not provided
    • The low user experience when comes to technology
SBICAP Securities Review  
Year of Incorporation 2001
Products Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution
Demat Services Yes
Active Exchange Memberships NSE, BSE
Website http://www.sbismart.com
Contact Details 18002099345
Total Number of Clients 362893
Total Number of Branches 117

SBICAP Securities (SSL) is 100% subsidiary of SBI Capitals and is big name in the market of stock brokers. Along with providing platform to invest they provide opportunity to learn for various investors through their simplified education investor initiative.

They provide various product & services such as investment banking, institution broking, retail broking, private wealth management, financial product distribution, Equity, Derivatives, Currency Trading. Fixed deposits, loans, tax services and many more.

They provide services which helps you take your own decision and make you self-depend by doing extensive researches and presenting various financial reports and suggestions.

They have numerous success stories and "BQ1" award by CRISIL on quality and operation services is one of them.

SBICAPS are renowned for providing diversified financial advice and ideas at all stages and to every kind of businesses.

SBICAP Securities (SSL) is one of the renowned and trustworthy share brokers and is always handled by eminent leaders and flourished itself with various awards. They are registered with NSE and BSE and is DP with CDSL account.

Constant innovation and upgradation in their system, allows both resident Indian and Non-Resident Indian to invest smoothly in various securities through an online channel. Investors can invest their money in Mutual fund, IPOs, Derivatives, Equity offering, and debt offerings.

Excellent research tips and advice makes SBICAPS stand out of all other share brokers present in the market. Their tips immensely help investors to make their money in multifold.

Affilation Service of SBICAP Securities

  1. CIN: U65999MH2005PLC155485
  2. DP ID :
    • NSDL: IN-DP-NSDL-369-2014
    • CDSL: IN-DP-314-2017
    • Research Analyst : INH000000602
    • Portfolio Manager: INP000004912
  3. SBICAP NSE Member ID
    • Capital Market (CM) - INB 231052938
    • Future & Options (F&O) - INF231052938
    • Currency Derivatives (CDS) - INE 231052938
  4. SBI CAP Member ID
    • Capital Market (CM) - INB 011053031
    • Future & Options (F&O) - INF011053031

Customers Service options offered by SBI SMART :

Offers multiple communication channels to its clients for using the customer service

  1. Phone Number:
    • Customer Support/ Call & trade
      • +91 (22) 2217 8300
    • Account opening::
      • 91 (22) 3027 3300
  2. Email Support:
  3. Corporate Office :
      LOWER PAREL, MUMBAI - 400 013

Active Client Details Of SBI SMART

  • 2,08,491 clients - NSE
  • 84,317 clients - BSE

SBI SMART Account Opening & AMC Charges 2020

Trading Account / Demat opening is onetime fee that SBICAP charge while initiate your account opening process. Trading /Demat AMC (Annual maintenance Charges) is an annual fee charges by SBICAP to maintain your account, this is annual charges and deduct from your account even if you haven't trade for a year.

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Trading Account INR 850 NIL
Demat Account NIL INR500

How to open the account with SBI SMART?

All Demat and Online Stock Trading accounts are open with SBI CAP Sec Ltd. investor needs to open three accounts:

  • SBI Bank Account.
  • SBI Trading Account and
  • SBI Demat Account. There DMAT account type is CDLS.

Note :If you already have a bank account or demat account with SBICAP, you could link it with new SBICAP Direct trading account.

Opening a trading account with SBICAP is easy. You could use one of the following options to open the account with SBI CAP SEC LTD.

  • You need to open a regular savings account in SBI Bank, and you can get that link with SBISmart trading account. In case you already have a bank account you can link the trading account with it for online trading.
  • OR
  • Visit nearest SBI branch. They will make you fill a form to gather essential information. After this, they will forward the same to SBI CAP SECURITIES LTD. One can open an account online also by visit www.sbi.co.in, Customer can submit account opening form by clicking Apply online forms at the Home Page. Customer May request SBI Capitals securities limited directly to open the account. www.sbimart.com is the website for the same.

The Final Thoughts about SBI SMART

SBICAP Securities is subsidiary of State Bank of India Capitals which belongs to SBI Group, the largest commercial bank of India. This makes it most reliable for any potential investor, and changes of fraud and any other kind of scams are near negligible. They are full-service brokers and charges are high compared to other discount brokers. Though the 3-in-1 account is available, they do not support commodity trading. Like every other broker, SBICAPS also have positive and a few negative points. However, the best part is that you and your financial future is in safe and reliable hands. They are trying to technologically establish themselves. However, SBICAP Securities still needs to pull up their socks to come at the par with brokers market.

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SBICAP Securities User Reviews

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