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Old 17th November 2016, 07:07 PM
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Default Sbi dp id

Can you tell me in detail about the DP (Depository Participants) ID of SBI (State Bank of India) as provided by SBICAP Securities Ltd (SSL)?
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Old 18th November 2016, 08:46 AM
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Default Re: Sbi dp id

SBICAP Securities Ltd (SSL) is a subsidiary of SBI Capital Markets Ltd which is one of the oldest troupes in the Indian Capital Market and has a dominant position in the Indian primary capital markets.

DP ID:
19300

Address :
DP Centralised Processing Cell Marathon Futurex, 12th Floor A & B Wing, N M Joshi Marg Lower Parel - Mumbai Maharashtra India-400013

Tel No:
022 43387036

Fax No :
022 23026219

Email ID :
compliance.dpcpc@sbi.co.in,dpcpc@sbi...lkar@sbi.co.in

About Us :
State Bank of India is the largest Bank in the country.It offers demat services through 2079 Designated Branches on a centralized platform as CDSL DP. It also provide online broking platform of Clearing Member SBICAP Securities Ltd.

Services:
All kinds of Depository services are extended Such as Demat, Remat, Pledge, Unpledge, etc E-Trading facilitated from select branches through tie up with Brokers as mentioned above.

Tariffs :
Statutory Charges at the time of Account Opening :
-NIL-

Advance / Deposit :
-NIL-

Account Maintenance:
Retail Rs. 400/- PA ( Rs 350/-, If the statement is to be sent by email)

Demat :
Rs.35/- for each request form, extra Rs.2/- for each certificate

Remat :
Rs.25/-for each remat request

Transaction (Debit) :
0.03% of the value of txns Min. Rs.10/- for instruction submitted through internet, Rs.30/-(for physical DIS and NIL charges are levied for online trading with SBICAP Securities (Excluding Depositories charges on actual basis)

Pledge Creation :
0.02% of the value of txns Min. Rs.15/-(for each ISIN if SBI is counter party),0.04% of the value of txns. Min. Rs.30/-(for each ISIN if SBI is not counter party)

Pledge Creation confirmation:
0.02% of the value of txns Min. Rs.15/-(for each ISIN if SBI is counter party), 0.04% of the value of txns Min. Rs.30/-(for each ISIN if SBI is not counter party)

Pledge Invocation:
0.02% of the value of txns Min. Rs.15/-(for each ISIN if SBI is counter party), 0.04% of the value of txns Min. Rs.30/-(for each ISIN if SBI is not counter party)

Failed instruction charges:
Rs.10/- per failed instruction

Other Charges:
Dup / add Stmt by courier Rs.30/- per stmt, By e-mail - NIL. 1) CDSL charges recoverable extra at actuals 2) Service tax required to be paid on the entire fee 3) If account is closed, pro-rata refund of AMC will be made after deduction of the AMC for each completed quarter and part thereof.
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