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SHCIL Service is one of the well known full service house in Mumbai.

Here, we will be discussing about SHCIL Services Review and we will also cover every aspect of this financial firm. Everything a customer should know about this firm will be discussed in this article elaborately.

In this article, ratings and reviews are also given. These will help a customer to decide whether to choose SHCIL Services as their brokerage partner or not.

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SHCIL Services Ratings & Review by Top10StockBroker

Experience 2.5/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 2.6/5
Trading Platforms 2.4/5
Overall Ratings 2.7/5
Star Ratings ★★★☆☆


About SHCIL Services

Company Type Private
Broker Type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Sanjay Pundalik Pote
Established Year 1995

SHCIL Services

The renowned financial firm, SHCIL Services was established in the year of 1995. SHCIL Services has its headquarters located in Mumbai, Maharashtra.

SHCIL Services is an Indian company. Since its inception, the company has faced some ups and downs but successfully managed to become a renowned brokerage firm today. They are a full-service broker.

The company was founded by Shri Sanjay Pundalik & they are a private company. The people working in this broking house are very experienced professionals.

They have played a very important role in the growth of the company. The workers here are fully devoted to the satisfaction of their customers.

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    SHCIL Services Brokerage Charges

    Equity Delivery Trading 0.1% – 0.2%
    Equity Intraday Trading 0.01% – 0.02%
    Commodity Options Trading NA
    Equity Futures Trading 0.01% – 0.02%
    Equity Options Trading Rs.10 – Rs.20 per Lot
    Currency Futures Trading 0.01% – 0.02%
    Currency Options Trading Rs.10 – Rs.20 per Lot
    Minimum Brokerage Percentage of Transaction
    Demat AMC Charges Rs.229 per Annum
    Trading AMC Charges Free
    Margin Money Minimum Rs.5,000
    Brokerage Calculator SHCIL Services Brokerage Calculator

    The SHCIL Servies charges depend directly and indirectly on the amount of money deposited in a person’s account. Trading account to be specific.

    The Equity Delivery Trading is charged at about 0.1% to 0.2%. The Equity Intraday Trading charges are about 0.01% to 0.02%. The Commodity Options Trading are not at all charged by the SHCIL Services.

    This may be an attractive point to choose SHCIL Services. The Trading AMC (Annual Maintenance Charges) are also nil. This is also a very good point to attract new customers.

    The Demat AMC (Annual Maintenance Charges) are Rs.229 per annum. The minimum brokerage charges depend on the percentage of the transaction.

    Currently, the Currency Options Trading is charged between Rs.10 – Rs.20 per lot.

    Find Brokerage Charges of other Brokers

    SHCIL Services Other Charges

    Transaction Charges 0.00269%
    STT 0.0126% of Total Turnover
    SEBI Turnover Charges 0.0002% of Total Turnover
    Stamp Duty Depends on State (very minimal)
    GST 18% of (Brokerage + Transaction Charges)

    Some other charges are being charged by different financial firms and brokerages. These charges are not just specific to SHCIL Services.

    But, they are being charged by almost each and every brokerage present in the Indian markets. A transaction charge of 0.00269% is charged by the broker.

    SEBI Turnover charges of 0.0002% are also charged at the total turnover value.


    SHCIL Services Demat Account Opening Fees

    Depository Source CDSL & NSDL
    Account Opening Charges Rs.399
    Demat AMC Charges Rs.229 per Annum
    Trading AMC Charges Free
    Margin Money Minimum Rs.5,000
    Offline to Online Yes

    The various different charges involved in having a SHCIL Services Demat Account is described in the above table.

    In the table, all the charges regarding opening of Demat Account is given. The Trading AMC charges are nil.

    The Margin Money reuired to invest is minimum Rs.5,100. The account opening charges are Rs.399. The Demat AMC charges are Rs.299 per annum.

    SHCIL Services Offers

    Free Demat Account No
    Free Trading Account Yes
    Discount on Brokerage No
    Trading Happy Hours No
    Flexible Brokerage Plans Yes
    1 Month Brokerage Free No
    Holiday Offers Yes
    Referral Offers No
    Zero Brokerage for Loss Making Trades No

    The brokerage firms also give many offers to attract their customers. SHCIL Services provides you flexible brokerage plans. There are holiday offers also.

    But no referral offers are like other brokerage companies. The brokerage also provides free trading account but the demat account is not free.

    Trading Happy Hours are also not provided by the broking house.

    To know about offers of other stock brokers check below

    How to Open a Demat Account with SHCIL Services?

    The following procedures must be followed by a person to open a SHCIL Services Demat Account.

    1. A form should be filled by clicking on the Open Demat Account button below by the customer.
    2. Some documents will be required. These include the KYC documents like Aadhar card, PAN card, age proof, address proof, identity proof and few photographs.
    3. After the successful submissions of the documents, a verification call will most probably take place
    4. The rest details to log into your account will be provided to you and you will gain access of your Demat Account.

    Why Open SHCIL Services Trading Account?

    A trading account is made mandatory by the Constitution of India. Without a trading account, a person can not simply perform trades in the financial markets. A trading account is different than a demat account. A trading account helps you to do trades.

    By possessing SHCIL Services trading account, a person can get the following advantages –

    • They provide a very easy to use and hassle free trading platform for its users.
    • Along with the trading platform a client can also access many different services provided by SHCIL Services.

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      SHCIL Services Products & Services

      Here are the list of Products & Services provided by SHCIL Services –

      Products Offered by SHCIL Services:

      Equity Trading Yes
      Commodity Trading No
      Currency Trading Yes
      Options Yes
      Futures Yes
      Mutual Funds No
      Forex No
      Banking No
      SIP No
      Insurance No

      SHCIL Services products include a lot of stuff. They have Equity Trading, Currency Trading, Options Trading and Futures also.

      Other products like banking, SIP, insurance, mutual funds, forex are not provided by the broking company.

      Service provided by SHCIL Services:

      Demat Services Yes
      Trading Services Yes
      3 in 1 Acount No
      Intraday Services Yes
      IPO Services Yes
      Stock Recommendations No
      Robo Advisory No
      PMS No
      Trading Institution No
      Trading Exposure Upto 5X

      There are many different services provided by SHCIL Services. They provide their top quality demat services to its customers.

      The trading services are also provided in addition to demat services. The Intraday services and IPO services are also provided.

      But, there are no stock recommendation systems. The brokerage also doesn’t provide any trading exposure. There is no trading institution in SHCIL Services.


      SHCIL Services Research, Advisory and Stock Tips

      Fundamental Reports No
      Research Reports Yes
      Company Reports No
      Annual Reports No
      Company Stock Review No
      Free Stock Tips Yes
      IPO Reports No
      Top Picks Yes
      Daily Market Review No
      Monthly Reports No
      Weekly Reports No
      Offline Advisory Yes
      Relationship Manager Yes

      The research and advisory provided by the SHCIL Services are very good. They offer very scientific research in their areas.

      • The research reports are frequently published.
      • Free stock tips are also provided by the brokerage to their customers.
      • Top picks for a particular time period are also given to customers.
      • A relationship manager is also present per customer for support purposes.

      SHCIL Services Exposure or Leverage

      Equity Delivery Upto 2X
      Equity Intraday Upto 5X
      Equity Futures Upto 2X
      Equity Options Upto 5X
      Currency Futures Upto 4X
      Currency Options Upto 3X
      Commodities Upto 3X
      Margin Calculator SHCIL Services Margin Calculator

      The brokerage, SHCIL Services firm provides exposure of up to 4X in Currency Futures, upto 3X in Currency Options, up to 3X in Commodities and up to 5X in Equity Intraday.

      Find Exposure or Margin of other Stock Brokers

      SHCIL Services Trading Platforms

      Find thorough details on various trading platforms offered by SHCIL Services to its consumers.

      Desktop Platform – Windows Yes
      Desktop Platform – Mac Yes
      Desktop Browser Platform Yes
      Mobile Site Platform Yes
      Android App Platform Yes
      iOS App Platform Yes
      Windows App Platform No
      Other Mobile OS Platform No
      Real time Updates Yes
      Portfolio Details Yes
      Online MF Buy No
      News Flash No
      Research Reports No
      Easy Installation Yes
      Global Indices Yes
      Stock Tips Yes
      Personalized Advisory No
      Interactive Charts Yes
      Live Markets Yes
      SMS Alerts Yes
      Email Alerts Yes
      Multi Account Management No

      SHCIL Services Web Trading Platfrom

      SHCIL Services Web-based trading can be comfortably opened through various browsers like Chrome, Mozilla, Microsoft Edge, Explorer, etc. You must log into your profile and then trade.

      All about this platform –

      • Good and reliable internet connection – required.
      • No need to download as a platform is web-based.
      • Provides live market streaming.
      • They have email alerts feature.

      SHCIL Services Mobile Trading App

      The mobile app provided by this firm is much more user-friendly and easy to use. SHCIL Services mobile trading platform based applications support both iOS and Android versions. The cool features of this app are –

      • Easily traceable all investments.
      • Every small detail regarding the stock market comes to you within seconds.
      • In case of any issues, the customer redressal system using the mobile app is very fast and reliable.

      SHCIL Services Trading Terminal

      SHCIL Services trading terminal is in the form of an executable file which provides the customer with an easy to use trading platform. Just simply download it and install it in your computer.

      SHCIL Services Customer Care

      Dedicated Dealer Yes
      Offline Trading Yes
      Online Trading Yes
      24*7 Support No
      Email Support Yes
      Chat Support No
      Toll Free Number No
      Branches 920

      SHCIL Services customer care has a very robust system for customer care. Any complaints are managed by the experts working in the company.

      They always help their customers in the best possible manner.

      SHCIL Services Complaints and Feedback

      Find the list of complaint against SHCIL Services –

      Lodged in BSE 2
      Resolved in BSE 2
      Lodged in NSE 8
      Resolved in NSE 8
      Percentage of No. of Complaints Received Against Number of Active Clients 0.05

      The above table shows that there are very few complaints against SHCIL Services. This brokerage firm is trusted among its customers.

      SHCIL Services Disadvantages:

      Here are some of the cons if you make use of this full-service broker for your stock market trading:

      • There are presently more than 10 complaints lodged.
      • The iOS app is a little buggy
      • They can enhance their customer satisfaction

      SHCIL Services Conclusion

      SHCIL Services is a very good company if you are looking to get a new brokerage. The company will help you to invest in the financial markets.

      Their experts professional will never make you feel that you are alone in the markets.

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