SBI Securities review
Independent review of SBI Securities — brokerage, app, account opening, customer support and the kind of investor it actually fits. SBI Securities (SBICAP Securities), the broking arm of State Bank of India, runs a tiered structure.
Verdict
Investors who want the trust and 3-in-1 convenience of the SBI group and are willing to trade off cutting-edge app polish and discount-broker pricing.
Brokerage at a glance
Headline brokerage on the default SBI Securities standard plan. On top of brokerage you also pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see full charges for the breakdown.
About SBI Securities
SBI Securities (SBICAP Securities), the broking arm of State Bank of India, runs a tiered structure. The default Suvidha (Standard) plan charges 0.50% delivery, Rs 20 per order intraday, 0.05% futures and Rs 50 per lot on options. One-time-fee plans (Plan 499, Pro 749, OIOP 3K/5K/10K) cut delivery to 0.10-0.35% with Rs 20 per order intraday; the OIOP plans also move futures and options to a flat Rs 20 per order.
The SBI Securities mobile app trading app
- Trade stocks, ETFs and derivatives (F&O) across exchanges
- Invest in mutual funds via SIP or lump sum, including tax-saving options
- Apply to IPOs and track prices
- Real-time charting and option chain with Greeks
- Free demat account opening; Rs 20 per order for cash intraday
- Additional products: corporate FDs, NCDs, 54EC bonds, NPS and bonds
Opening a SBI Securities account
Account opening is fully online for Indian residents. Keep your PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days end-to-end. Start at www.sbisecurities.in.
Customer support
SBI Securities support is available 8.45am to 5.30pm (mon-fri); 10.00am to 4.00pm (saturday, except trading holidays). For complete contact details, the four-level SEBI escalation path (broker desk → compliance officer → SCORES → SMART ODR), and what to have ready before escalating, see the SBI Securities customer care page.
Pros and cons
How we judge this: these pros and cons are drawn from SBI Securities’s published charges and platform features, its app-store ratings — cross-checked against its SEBI registration and NSE / BSE membership. They are our editorial assessment, not a sponsored placement, and not financial advice.
What users say about SBI Securities
Paraphrased themes from public app-store reviews and forums — these are users’ opinions, not our testing, and not financial advice. Sampled 2026-06-14.
- Single app covers stocks, IPOs, mutual funds, F&O, ETFs and demat in one place
- Real-time market data and charting tools with watchlists
- Backed by the SBI group with integrated 3-in-1 account option
- Multiple platform tiers (Portal, Xpress, Lite) for different user needs
- App can be slow, with charts and real-time data sometimes taking time to load
- Reports of occasional crashes and technical glitches
- Interface and small fonts seen as dated and hard to read by some users
- Some users find customer support slow or unhelpful for technical issues
Alternatives to SBI Securities
By active client count, SBI Securities is the #8 largest of 38 retail brokers on the NSE (as of 2026-04-30). If you're weighing it against the field, these are the brokers people most often compare it with:
See the full ranked list of every retail broker in India on the stock brokers in India page, or compare exact landed cost on a typical trade with the brokerage calculator — switch brokers in the dropdown without leaving the page.
Frequently asked
What people ask about SBI Securities.
SBI Securities is SEBI-registered and holds NSE / BSE membership, so it meets the regulatory bar every Indian broker must clear. Whether it is a good fit depends on what you trade. Investors who want the trust and 3-in-1 convenience of the SBI group and are willing to trade off cutting-edge app polish and discount-broker pricing.
Equity delivery is 0.5%. Equity intraday is Flat ₹20. Equity options is Flat ₹50/lot. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges. The brokerage calculator on this site shows the all-in landed cost for a sample trade.
SBI Securities is registered with SEBI and a trading member of NSE / BSE. Demat accounts are held with CDSL or NSDL — the broker does not hold your shares, the depository does. Funds are held in a SEBI-regulated client bank account separate from the broker's own funds. The risk to investors from broker failure is limited; the larger risk to manage is account fraud via phishing and OTP sharing.
Trade stocks, ETFs and derivatives (F&O) across exchanges. Invest in mutual funds via SIP or lump sum, including tax-saving options. For a full feature list and download links see the SBI Securities app page.
Account opening is fully online for Indian residents. You need PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days. Apply via https://www.sbisecurities.in.
Discount brokers comparable to SBI Securities include Zerodha, Groww, Upstox, Dhan and Angel One. Full-service alternatives include ICICI Direct, HDFC Securities, Kotak Securities and Sharekhan. Compare brokerage rates side-by-side on the brokerage calculator before switching.