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Old 14th November 2015, 06:24 PM
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Default SBI Demat Charges

How much the charges candidate have to pay use demat account facility of state bank of India (SBI)
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Old 14th November 2015, 06:31 PM
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Join Date: Jul 2012
Default Re: SBI Demat Charges

SBI is a Depository Participant registered with both National Securities Depositories Limited (NSDL) . Any individual who want to invest in shares, bonds, debentures of Indian companies can use Demat account facility of State bank of India (SBI).

Features SBI demat account:

Trading experience
Instant Share transfer facility
24X7 access to back-office
Low bandwidth option
Instant Fund transfer facility


SBI Demat account Service Charges

A/c Opening -
Nil

Annual Maintenance Charges
Rs. 400/- (Rs 350/- for customers receiving statements by e-mail )

Agreement Stamp Paper
Rs. 100/- (for Agreement between DP and BO) or Rs. 200/- (if POA for eZ-instructions is also signed)

Sell - Market and Off-Market (% of transaction value of each ISIN)
For instruction submitted through Internet
(eZ-instructions)
0.03% (Min. Rs. 10/-)
(For Institutional Demat A/c Max. Rs 1000/-)

For instruction submitted through Branches
0.03%
(Min. Rs. 30/- )
(For Institutional Demat A/c Max. Rs 1000/-)

Rejection/fails
Rs. 10 /-

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
For each request form
Rs. 35/-

Extra for each certificate
Rs. 2/-

Rematerialisation (For each request form)
Rs. 25/-

Closure of Account
Nil

Pledge Creation/Closure/Confirmation/ Invocation (% of value for each ISIN in each request)
If SBI is the counter party
0.02% (Min. Rs. 15/-)

If SBI is not the counter party
0.04% (Min. Rs. 30/-)

Additional Account Statements
By Courier
Rs. 30/-

Features :
Account Maintenance & Safe custody

Dematerialization

Rematerialization

Account Transfers

Pledge/Hypothecation

Initial Public offer

Disbursement of corporate benefits

Security Lending

Customer Care

Transact Anywhere

Statements by e-mail

Online Demat Statements

Order Delivery Instruction Booklet online

eZ - Instructions

Mobile Alerts

eZ-trade@sbi

Here is the attachment.
SBI demat chargees



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