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.”
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.
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.
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.
Step #5. Upload Documents
You need to upload the necessary documents including PAN card, Aadhar card, photo, and signature. Also, complete your IP verification.
Step #6. E-sign verification
After uploading the documents, you need to verify your e-sign by entering the Aadhar number.
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.
Step #4. Click on “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.”
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.
Step #8. Enter your “Personal details” including your name, mobile number, and address. Click on “Proceed.”
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.
Step #11. Complete e-sign including verify your Aadhar card number with OTP.
Step #12. After verification, your account will be activated.
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#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).
|Demat & Trading Account Opening Fee||Rs 0|
|Trading AMC Charges||Rs. 0|
|Demat Account Annual Charges (AMC)||Free for 1st year |
Rs 590 including GST (Second year onwards)
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.
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.
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.
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.
Yes, you can link your existing bank account with the Demat Account in SBI for seamless transactions and fund transfers.
eSign is a digital signature technology that allows Aadhaar holders to electronically sign documents using Aadhaar eKYC services.
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.