Are you looking to trade with Sbicap securities and want to know their brokerage charges and special plans. Then you have come to the right place.

From the accounting opening charges to transaction charges, in this article we have comprehended everything that clear you doubts regarding Sbicap securities charges.

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Sbicap Securities Brokerage Charges

Find below the details about the Sbicap securities brokerage charges:

Brokerage Charges
Equity Delivery0.50%
Equity Intraday0.05%
Equity Futures0.05%
Equity OptionsRs 100 per lot
Currency Futures0.03%
Currency OptionsRs 30 per lot
CommodityNA
Flat Monthly Fees, if anyNA

For Equity delivery the brokerage charges are 0.50%, equity Intraday and equity futures brokerage charges are 0.05% .

The clients who trade in equity options they need to pay Rs. 100 per lot as a brokerage charges. While in currency options they need to pay Rs.30 per lot. The brokerage charges for currency futures are 0.03% respectively.


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    Sbicap Securities Account Opening Charges

    Below mentioned table provides you details about trade and demat account opening charges levied by the Sbicap securities :

    Account Opening Charges
    Trading Charges [One Time]Rs 850
    Trading AMC [Yearly]Rs 0
    Demat Charges [One Time]Rs 0
    Demat AMC [Yearly]Rs 350
    Margin MoneyRs.25,000

    To open trade account in Sbi securities the clients require to pay Rs.850 as a trading account opening charges. But, the company doesn’t take any cost for trading annual maintenance charges and demat account opening charges. All they need is to pay Rs. 350 as a demat account annual maintenance charges.

    The clients can start trading with minimum Rs. 25,000 money margin.


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    Sbicap Securities Transaction Charges

    Find below information about Sbicap securities transaction charges:

    Transaction Charges
    Equity DeliveryNSE: 0.00386% | BSE: 0.00384%
    Equity IntradayNSE: 0.00386% | BSE: 0.00384%
    Equity FuturesNSE: 0.002206% (Rs 221/Crore)
    Equity OptionsNSE: 0.05515% (Rs 5515/Crore)
    Currency Futures0.00%
    Currency OptionsNSE: 0.05515% (Rs 5515/Crore)
    CommodityNA

    For equity intraday & delivery NSE charges are 0.00386% and BSE 0.00384% respectively.

    Equity futures and currency futures transaction charges for NSE 0.002206% respectively.

    For equity options and currency options transaction charges for NSE 0.05515% respectively.


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    Sbicap Securities Other Charges

    Below is the table of various charges that levied by the Sbicap securities:

    Other Charges
    SEBI Turnover Charges0.00005% (₹5/Crore)
    STTEquity Delivery: 0.1% on both Buy and Sell
    Equity Intraday: 0.025% on the Sell Side
    Equity Futures: 0.01% on Sell Side
    Equity Options: 0.05% on Sell Side(on Premium)
    Commodity Futures: 0.01% on sell side (Non-Agri)
    Commodity Options: 0.05% on sell side
    Currency F&O: No STT
    On Exercise transaction: 0.125%
    Right to entitlement: 0.05% on sell side
    Stamp Duty(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
    GST18% on (Brokerage + Transaction Charge + SEBI Fee)
    Margin Funding Charges
    Reactivation ChargesRs 20 per instruction
    Account Closure ChargesRs 30 per instruction
    Dematerialisation ChargesRs 5 per certificate + Rs 35 per request
    Pledge CreationIf SSL/SBI is the counter party, 0.02% of Value or Min Rs 25 whichever is higher (Plus CDSL Charges)
    Pledge InvocationIf SSL is not the counter party, 0.04% of Value or Min Rs 50 whichever is higher (Plus CDSL Charges)
    Margin Pledge/Unpledge/ Pledge closureRs. 12.5 per scrip
    Margin RepledgeRs. 15.5 + Rs. 15.5 (Rs. 31 per scrip)

    All clients have to pay SEBI turnover charges that is 0.00005% of total turnover. Along with that they need to pay STT charges  0.0126% of total turnover, which apply on both sell and buy sides.

    The stamp duty charges varies from state to state is lies between 0.002%- 0.004%. The GST that levied by the government is 18% of (brokerage + transaction charges). The broking housing is 18%+ GST for margin funding.

    The clients can easily close their trading account at Rs. 60 per segment and reactivate it by paying Rs. 50 per segment. The demarterialisation charges are Rs 5 per certificate + Rs 35 per request.


    SBI Smart Brokerage Charges FAQs

    Ques – Does SBI Smart Charge Brokerage?

    Answer – Yes, this stock broker as well follows a specific structure, which the investors are obligated to pay. The charge structure followed by the stock broking house is of percentage and hence, the clients have to pay a percentage of turnover, as designated for the particular segment.

    Ques – What is SBI Smart Brokerage Charges?

    Answer – The percentage charge for each segment is different, and as per the structure, the charge for delivery trading is 0.50%, for intraday is 0.05%, for futures is 0.05%, for currency futures is 0.03%, for options is Rs.100 per lot and for currency options is Rs.30 per lot

    Ques – What is Intraday Brokerage of SBI Smart?

    Answer – To encourage intraday traders, the company has placed a pretty low brokerage percentage, cutting down on the expenses of the intraday traders. So, the actual charge rate for this segment is 0.08%, taken on the total turnover of the transaction.

    Ques – What other Charges levied by SBI Smart?

    Answer – We wish to educate you regarding the other bunch of charges you need to incur. It consists of the company charges and also the government charges. They are brokerage, transactional charges, SEBI Turnover Charges, STT, Stamp Duty, GST, Margin Funding charges, account related charges and other petty charges

    Ques – Is SBI Smart a discount broker?

    Answer – No, this stock broker is not a discount broker, but rather a full service stock broker who is provides all kind of stock broking services. So, as a result, they even provide research and advisory services for their clients, i.e. the traders to help them make fruitful investments.

    Ques – Does SBI Smart have Free Delivery?

    Answer – No, the perk of free delivery does not apply for the investors from this domain and hence, an assured percentage of brokerage must be provided by the traders. TO be precise, the equity delivery traders have to pay a high brokerage charge of 0.50%.

    Ques – How much SBI Smart Charge for Options?

    Answer – Taking into concern the options segment, you can either invest in the equity options segment or choose to go for the currency options segment. They are in a way or two similar to each other, as they are invested in lot basis. The brokerage for options is Rs.100 per lot, and for currency options is Rs.30 per lot.

    Ques – What are SBI Smart Transaction Charges?

    Answer – Transaction charges are not the same for all segments. The charge for delivery and intraday is NSE: 0.00386% and for BSE: 0.00384%, for futures is NSE: 0.002206%, for options is NSE: 0.05515%, for currency futures is 0.002206% and lastly for currency options is NSE: 0.05515%.

    Ques – What is the Demat AMC in SBI Smart?

    Answer – AMC differs from one company to another, and some of the stock brokers also choose to waive it off, so they can attract new customers. As per the norms set by this company, the charge for AMC is Rs.500 per annum, which means Rs.500 should be paid once in a year.

    Ques – Is SBI Smart Brokerage Free?

    Answer – No, none of the assets classes that are provided by this stock broker for investment are provided free of brokerage charge. Also, they follow the percentage charge basis, on the contrary to the flat rate of charge and hence, it varies from one segment to another.


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