How to Open Demat Account in SBI

SBI offers demat account services through SBI Cap Securities Ltd. SBI Securities is a full-service stockbroker and SEBI registered depository participant (DP) with CDSL and NSDL.

With SBI Securities, you can open a 3-in-1 account that combines a Demat account, trading account, and a linked bank account, to invest in equity, currency, derivatives, mutual funds, and bonds.

Let’s discuss the step-by-step guide on how to open a Demat account in SBI. 

How to Open SBI Demat & Trading Account

You can open your SBI demat and trading account in two ways – 

  • Online via visiting the website or SBI YONO mobile app. 
  • Offline via visiting the nearest SBI branch.  

#1. Steps to Open SBI Demat & Trading Account Online via Website

Step #1. Visit the SBI Securities official website

You need to visit the SBI Securities official website to open the demat and trading account online. On the home page, you can click on “Open Demat & Trading Account.”

open demat trading account with SBI

Step #2. Sign up for demat and trading account opening process

You need to sign up for your account opening process by inputting your mobile number and email ID. Enter the OTP to verify your mobile number. 

In case you have already registered with SBI, you can click on “Resume Application” and enter your PAN number. 

Sign up for demat and trading account opening process

If you don’t have a PAN card, you can check out the process to apply for a PAN card online

Step #3. Add your personal and bank details. 

Verify your PAN number. Then enter your personal details including name, date of birth, and address. You can also add nominee details. Add your bank account details that will be linked to your trading account. 

Add your personal and bank details

Step #4. Select the plan 

You can choose your investment plan such as SUVIDHA, Plan 499, Pro 749, OIOP- 10K and more. Before choosing the brokerage plan you can check their brokerage charges. 

Select the plan

Step #5. Upload Documents

You need to upload the necessary documents including PAN card, Aadhar card, photo, and signature. Also, complete your IP verification. 

Upload Documents

Step #6. E-sign verification

After uploading the documents, you need to verify your e-sign by entering the Aadhar number. 

Complete e-sign

Once your application is processed and approved, you will receive the welcome mailer from SBICap Securities which will consist of your Demat and Trading account details along with login credentials.

You can also go through the step-by-step guide on how to open a demat account with Zerodha

#2. Steps to Open SBI Demat & Trading Account from SBI YONO Mobile App

Step #1. You need to download the SBI YONO mobile app on your smartphone.

Step #2. Login on YONO SBI app using your credentials.

Step #3. Go to the “Investment” section under the main menu.

click on investment to open sbi demat account

Step #4. Click on “Open Demat & Trading Account.”

Open Demat & Trading Account.

Step #5. Then click on “Start Now” and accept the terms and conditions to open the SBI demat and trading account and click on “Next.”

accept the terms and conditions to open the SBI demat and trading account

Step #6. Enter the “OTP” which is sent to your registered mobile number. 

Step #7. Now you will be redirected to the SBICAP Securities page to complete the demat and trading account opening process. 

SBICAP Securities page to complete the demat and trading account opening process

Step #8. Enter your “Personal details” including your name, mobile number, and address. Click on “Proceed.”

enter Personal details

Step #9. Verify your email address which is sent to your registered email ID. 

Step #10. Upload the required documents including PAN card, live photo, and address proof. 

upload documents

Step #11. Complete e-sign including verify your Aadhar card number with OTP. 

Complete e-sign

Step #12. After verification, your account will be activated. 

Verify your email address

You can check out our research report on top 20 stock brokers in India including SBI Securities. 

#3. Steps to Open SBI Demat & Trading Account Offline

Step #1. You need to visit the nearest SBI branch to open a demat and trading account. Make sure to carry the self-attested documents. 

Step #2. Collect the account opening form at the customer service counter.

Step #3. Fill out the account opening form with accurate and complete information. 

Step #4. Attach the required documents, including proof of identity, proof of address, PAN card, passport-size photographs.

Step #5. Submit the filled-out demat account opening form and documents to the SBI branch.

Step #6. After submitting the form, SBI will forward the same to SBICAP Securities Ltd. for processing. 

Step #7. Once your application is processed, you will receive your SBI demat account number. 

Documents Required to Open Demat Account in SBI

  • PAN card
  • Identity Proof – Aadhar card, Driving License, Passport, and Voter ID.
  • Address Proof – Aadhar card, Driving License, Passport, Voter ID, Ration card, and Electricity bill.
  • Canceled cheque or latest three months old bank statement.
  • Income proof – photocopy of the Income Tax Return (ITR), if you wish to activate derivatives.
  • 1-3 Passport size photos.

SBI Securities Demat Account Opening Charges and AMC

You can open a free trading and demat account with SBI Securities. You can also get the zero annual maintenance charges (AMC) for the first year. 

After that, you need to pay the demat AMC fee of Rs. 590 yearly (including GST). 

ServiceCharges
Demat & Trading Account Opening FeeRs 0
Trading AMC ChargesRs. 0
Demat Account Annual Charges (AMC)Free for 1st year 
Rs 590 including GST (Second year onwards)

FAQs

How can I open a Demat Account in SBI?

You can open a Demat Account in SBI by applying online through the SBI Securities official website, SBI YONO mobile app or visiting the nearest SBI branch.

What documents are required to open a Demat Account in SBI?

The documents required to open a Demat Account in SBI include PAN card, identity proof, address proof, canceled cheque or bank statement, income proof, and passport-size photos.

Can I transfer shares from my Demat account?

Yes, it is possible to transfer shares from one Demat account to another. You need to fill up the Delivery Instruction Slip (DIS) and email it to your depository participant (DP) to initiate the transfer.

Are there any charges for opening a Demat & Trading account in SBI?

SBI offers free trading and Demat account opening. However, you need to pay the annual maintenance charges (AMC) of Rs. 590 from the second year onwards.

Can I link my existing bank account with the Demat Account in SBI?

Yes, you can link your existing bank account with the Demat Account in SBI for seamless transactions and fund transfers.

What is e-sign?

eSign is a digital signature technology that allows Aadhaar holders to electronically sign documents using Aadhaar eKYC services.

Who is eligible to open a Demat and Trading Account?

Anyone, including minors, can open a Demat account.

In the case of minors, the account can be operated with the help of parents or appointed guardians.

About Rajan Dhawan

Rajan has covered personal finance and investing for over 5 years. Previously, he was in the IT field for 8 years after completing his MCA but his deep interest in personal finance led him to become an investing expert. He is passionate about investing, stocks, startups, and cryptos.

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