Charges at a glance
Figures above are SBI Securities' Suvidha (Standard) plan — the default plan with no upfront subscription. Its one-time-fee plans — Plan 499, Pro 749 and One India One Plan (OIOP) 3K/5K/10K — cut delivery brokerage to as little as 0.10% and flatten intraday/F&O brokerage to ₹20/order, but require paying an annual subscription fee upfront.
About SBI Securities
SBI Securities Ltd (SBICAP Securities) is the broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. Founded in 2006, it is registered with SEBI and is a depository participant with both CDSL and NSDL, offering equities, F&O, currency and commodity derivatives, IPOs, mutual funds, bonds and more through its 3-in-1 investment account.
SBI Securities is best known for the trust and reach of the SBI brand — a 3-in-1 account linking SBI Bank savings, trading and demat, backed by 115+ dedicated branches and 2,000+ SBI Bank branches. Its Suvidha (Standard/default) brokerage plan is on the higher side compared with discount brokers, but its one-time-fee plans (Plan 499, Pro 749, One India One Plan 3K/5K/10K) can bring delivery brokerage down to as low as 0.10% and flatten F&O down to ₹20 per order.
Platforms
SBI Securities Mobile App
Free mobile trading app covering equities, F&O, IPOs, mutual funds, bonds and more.
SBISMART Xpress
Downloadable desktop terminal built for high-speed equity and F&O trading; free, no subscription fee.
SBISmart.com
Web-based trading portal with market watch, charting and research; free, no subscription fee.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | 0.50% (Suvidha/Standard plan) | 0.05% or ₹20/order, whichever is lower | 0.05% | ₹100/lot (both sides) |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium); 0.15% of intrinsic value if exercised |
| Transaction charges | NSE 0.00297% / BSE 0.00375% | NSE 0.00297% / BSE 0.00375% | NSE 0.00183% / BSE 0% | NSE 0.03553% / BSE 0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
Rates above are the Suvidha (Standard) plan. SBI Securities also offers currency derivatives trading, and its one-time-fee plans (Plan 499/Pro 749/OIOP 3K/5K/10K) reduce brokerage further for an upfront subscription — confirm current rates on sbisecurities.in before trading.
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | Same tiered Suvidha/one-time-fee plan structure as equity — confirm current rate on sbisecurities.in | Same tiered Suvidha/one-time-fee plan structure as equity — confirm current rate on sbisecurities.in |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NSE 0.0001% | MCX 0.0418% / NSE 0.001% |
| SEBI charges | Agri ₹1/crore, Non-agri ₹10/crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Mutual funds
- SBI Securities offers brokerage-free Direct mutual fund plans (no distributor commission), alongside Regular plans where trail commission is built into the fund's expense ratio.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account | free |
| HUF account | not published — confirm with SBI Securities |
| NRI account | not published — confirm with SBI Securities |
Demat AMC (Annual Maintenance Charge)
SBI Securities charges ₹500/year for demat AMC on the e-statement option, or ₹750/year for physical statements. Account opening for both demat and trading is free. The trading account itself carries no AMC.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- Backed by the trust and reach of State Bank of India, with 115+ dedicated branches plus 2,000+ SBI Bank branches
- Broad product range — equities, F&O, currency & commodity derivatives, IPOs, bonds and brokerage-free Direct mutual funds
- One-time-fee plans (Plan 499, Pro 749, OIOP 3K/5K/10K) can cut delivery brokerage to 0.10% and flatten F&O to ₹20/order
- Free trading platforms across web (SBISmart.com), desktop (SBISMART Xpress) and mobile, with no subscription fee
What to watch for
- Suvidha (Standard/default) plan brokerage is high — 0.50% on delivery
- Lower one-time-fee plan pricing requires paying an annual subscription upfront
- Cash-intraday positions auto-squared off by the RMS team are billed at double the usual brokerage (₹40 vs ₹20/order)
Read what customers say about SBI Securities
Overall rating 3.0/5 based on 1 customer reviews — or share your own experience.