How to Open SBI Demat Account?

SBI securities subsidiary of State Bank of India offers brokerage services. To avail, the trading benefits of the firm learn how to open SBI demat account. 

Let’s start with the details of the firms.  

SBI Securities is a bank-based stockbroker registered with SEBI and known depositories of India CDSL and NSDL.

So if you are looking ahead to open an account with these two depositories then here is the way provided by SBI Securities. 

Here to get started it is good to know the documents required to open a demat account and the charges imposed by the broker to activate the account.

So, let’s get started and dig deeper to learn about the opening process.

SBI Demat Account Opening Procedure

SBI Securities, the bank-based stockbroker, opens a gateway for potential investors to invest in equity, commodity, currency, derivatives, and mutual funds, with a demat account. With robust products and services, it offers a seamless way for investors to open an account.

So, if you are thinking of opening a demat account with the broker, you can easily get it done via the online method.

Also, those not so use to the internet can apply for the SBI Demat Account offline. Now since the broker offers the 3-in-1 account you can get the trading, demat and bank-account altogether.

So, without wasting much time, let’s discuss the process of how to open the SBI demat account online.

SBI Demat Account Opening Online

Want to open SBI Demat account online, follow the step-by-step guide below and get your account details in no time.

• For SBI demat account opening online, fill the details in the form below

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• You can also visit the website directly and fill in the basic details; name, mobile number, email address.
• A new window appears where you are required to enter more information including your PAN card number, Aadhar details, and bank account details.
• To verify your detail, upload the documents.
• Proceed further and select the segment in which you want to trade. Once done you can now pay the account opening fees.
• On in-person verification, your account opens in no time.
• You can then use your account to trade in different segments.

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SBI Demat Account Opening Form

To make it easier for people who do not depend on the internet, you can proceed with SBI Demat account opening process via offline mode.  

For this, just visit the website to download the account opening form or the nearby branch where you can proceed further with the account opening process.

Fill in all the details, and attach the scan documents to verify your details. In the form, select the segment in which you want to trade and send it to the nearby branch.

On in-person verification, your account opens in a few days.

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SBI Demat Account Opening Documents Required

To open SBI demat account, you have to submit few important documents listed below:

• PAN Card
• Aadhar Card/Voter ID Card/Ration Card
• Bank Account Details (if having an existing SBI account)
• One passport size photograph

In case you have an SBI bank account, then you can either upload the scanned copy of the Passbook or just enter the details of the account number and IFSC code.

Other than this, if you choose the derivatives segment, then it is essential for you to submit some additional documents like income statements (salary slips of at least the last 3 months) and ITR.

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SBI Demat Account Opening Charges

The opening procedure is incomplete without paying the charges applicable to activate the SBI demat account. To open SBI demat account you have to pay the amount of ₹100 and the Annual Maintenance charges of ₹400.

Other than these, there are Pledge creation, Dematerialization charges discussed in the table below:

 

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SBI Demat Account Opening Status

In general, it takes a maximum of 3 days to open SBI demat account, however, the process can be completed in lesser time if you apply for the online process.

In case, it gets delayed you can check the SBI Demat account status by visiting the customer service portal or by calling the branch office.

• Application number
• PAN number

On entering you would be able to know the status of the SBI Demat account.

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Conclusion

Being a bank-based stockbroker, SBI Securities offers a 3-in-1 demat account that can be opened conveniently both online and offline.

However, make sure you keep all the documents handy to avoid any hassle. So open SBI demat account now and start planning your investment in different trading segments.

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Here is the form for you to get started with the SBI Demat Account opening:

 

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