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February 10th, 2019 12:30 AM
Unregistered
Re: SBI Demat Account Charges

Quote:
Originally Posted by Unregistered View Post
Tell me about State Bank of India Demat Account Charges?
Sir what is demat account i want to start invest our saving on share market
January 23rd, 2019 03:18 PM
shabnams
Re: SBI Demat Account Charges

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation headquartered in Mumbai, Maharashtra

SBI Demat Account Charges
As you want I am telling SBI Demat Account Annual Maintenance Charges is ₹500

Bank profile
State Bank of India
Type
Public
Traded as
NSE: SBIN
BSE: 500112
LSE: SBID
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Banking, financial services
Founded
2 June 1806, Bank of Calcutta
27 January 1921, Imperial Bank of India
1 July 1955, State Bank of India
Headquarters Mumbai, Maharashtra, India
Area served
Worldwide
Key people
Rajnish Kumar (Chairman)
Products Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance
Revenue ₹265,100 crore (US$37 billion) (2018)
Operating income
₹-15,528 crore (US$−2.2 billion) (2018)
Net income
₹-6,547 crore (US$−910 million) (2018)
Total assets ₹3,312,461 crore (US$460 billion) (2018)
Number of employees
264,041 (2018)
January 23rd, 2019 03:17 PM
Unregistered
Re: SBI Demat Account Charges

Hi buddy do you know what is SBI Demat Account Annual Maintenance Charges, if you know then plz let me know as my uncle asking me for it ??
October 21st, 2015 12:26 PM
shabnams
Re: SBI Demat Account Charges

Demat account is opened by the investor while registering with an investment broker (or sub-broker).

Here I am giving you process to apply online for Demat account in State Bank of India (SBI), please follow it…..

Firstly go to the official website of State Bank of India (SBI) which looks like this image:



Now bottom of the home page you will see “online Demat” option a new page will open which look like this image:



After that fill all require details and click on “Apply Now” option

Demat account benefits

Easy and convenient way to hold securities
Immediate transfer of securities
No stamp duty on transfer of securities
Safer than paper-shares (earlier risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc. are mostly eliminated)
Reduced paperwork for transfer of securities
Reduced transaction cost
No "odd lot" problem: even one share can be sold
Change in address recorded with a DP gets registered with all companies in which investor holds securities eliminating the need to correspond with each of them separately.
Transmission of securities is done by DP, eliminating the need for notifying companies.
Automatic credit into demat account for shares arising out of bonus/split, consolidation/merger, etc.
A single demat account can hold investments in both equity and debt instruments.
Traders can work from anywhere (e.g. even from home).
October 21st, 2015 12:24 PM
Unregistered
Re: SBI Demat Account Charges

I want to apply for Demat in State Bank of India (SBI) so would you please give me process to apply for Demat in State Bank of India (SBI)?
October 20th, 2015 03:39 PM
Vinodt
Re: SBI Demat Account Charges

State Bank of India offers Demat account facility from its 500 plus branches . This account useful for the customers invest in Share market . there are many advantages given By SBI bank to Use demat account.

SBI Demat account Advantage:
Internet viewing of Demat accounts:
Account Maintenance & Safe custody
Pledge/Hypothecation
Disbursement of corporate benefits
Security Lending
Dematerialization
Rematerialization
Account Transfers
SBI demat account can be open by one of the following option :
Get application from nearest SBI branch of bank and fill and submit it .
Through website of SBI.
By requesting at SBI Cap Securities Ltd. directly .

SBI demat account opening form looks as :

October 20th, 2015 03:37 PM
Unregistered
Re: SBI Demat Account Charges

What are the advantages to open Demat account at State Bank of India (SBI)?
October 18th, 2015 02:52 PM
Vinodt
Re: SBI Demat Account Charges

State Bank of India (SBI) is one of the banks which registered at National Securities Depository Limited (NSDL) to provide Demat account facility. Demat account ids used by customers for shares , mutual fund , securities etc…

As you want I am here giving you Standard Charges for Demat Account service of State Bank of India (SBI).

Demat Account Standard Charges:

Demat Account Opening Charges
Rs. 100/-

Online Trading Account Opening Charges
Rs. 400/-

Annual Maintenance Charges for Demat Account
Rs. 400/-

Rs 350/-for customers receiving statements by e-mail
Buy -Market and Off-Market
Nil

Sell -Market and Off-Market (% of transaction value of each ISIN)

For instruction submitted through Internet (eZ-instructions)
0.03

For instruction submitted through Branches
0.03

Rejection/fails Rs Extra charges for processing of instructions submitted on the execution date LATE (accepted at Client's risk)

For instruction submitted through Internet (eZ-instructions)
Nil

For instruction submitted through Branches
Rs 10 /- per ISIN

Dematerialisation (Courier charges extra)

For each request form
Rs. 3

Extra for each certificate
Rs. 2

Rematerialisation
(For each request form)
Rs. 2

Pledge Creation/Closure/Confirmation/ Invocation

If SBI is the counter party (% ofvalueforeach ISINineach request)
0.02

If SBI is not the counter party (% ofvalueforeach ISINineach request)
0.04

Additional Account Statements
By Courier
Rs. 3

By e-mail
Nil

Schedule of Charges – Online Trading Account


October 18th, 2015 02:50 PM
Unregistered
Re: SBI Demat Account Charges

Will you please give here information about the Standard Charges for Demat Account service of State Bank of India (SBI)?
October 18th, 2015 11:21 AM
shabnams
Re: SBI Demat Account Charges

In India, shares and securities are held electronically in a Demat account instead of the investor taking physical possession of certificates and the account is opened by the investor while registering with an investment broker (or sub-broker).

Access to the Dematerialized account requires an internet password and a transaction password.

SBI Demat Account Brokerage Charges:
Schedule of brokerage / charges and taxes:
Cash Market:
Delivery: 0.50%

Intra-Day
First leg: 0.075%

Second Leg: 0.075%

Minimum: ` 0.05

Account Opening Charges:

Account Opening Charges Individual: 850/- Plus KRA Charges (As Applicable)
Account Opening Charges Non Individual: 1000/- Plus KRA Charges (As Applicable)



Demat benefits

Easy and convenient way to hold securities
Immediate transfer of securities
No stamp duty on transfer of securities
Safer than paper-shares (earlier risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc. are mostly eliminated)
Reduced paperwork for transfer of securities
Reduced transaction cost
No "odd lot" problem: even one share can be sold
Change in address recorded with a DP gets registered with all companies in which investor holds securities eliminating the need to correspond with each of them separately.
Transmission of securities is done by DP, eliminating the need for notifying companies.
Automatic credit into demat account for shares arising out of bonus/split, consolidation/merger, etc.
A single demat account can hold investments in both equity and debt instruments.
Traders can work from anywhere (e.g. even from home).
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