SBI Securities Review
The broking arm of India's largest public sector bank.
Bank-Backed
Open Account
Background
Leverages the massive trust of SBI to offer full-service broking linked with SBI bank accounts.
Who Should Choose SBI Securities?
Conservative investors who want a 3-in-1 account and value PSBs.
Charges Breakdown
| Account Opening | Rs 850 (approx) |
|---|---|
| Equity Delivery | 0.50% |
| Intraday | 0.05% |
| F&O | Rs 50 per order (approx) |
| Commodity | N/A |
| AMC (Annual) | Rs 750 / year |
| Other Charges | Extensive full-service charges |
Trading Platforms
- Web Platform: Modern, fast, browser-based trading platform with TradingView charts.
- Mobile App: Highly rated mobile app available on iOS and Android with biometric login.
- Desktop Terminal: Installable desktop terminal for high-frequency traders.
Key Features
Margin Facility
Research Tools
API Access
Advanced Charts
Pros
- ✅ Immense trust factor
- ✅ Seamless 3-in-1 account integration
- ✅ Relationship manager service
Cons
- ❌ Very high brokerage costs (percentage based)
- ❌ Outdated legacy technology
The Final Verdict
8.0out of 10
Who Should Avoid: Intraday and F&O traders looking to optimize costs.