You can choose to do it online through the convenient SBI YONO app or the SBI Securities website or opt for the traditional method of visiting your nearest SBI branch.
The online options offer speed and convenience, allowing you to complete the process from the comfort of your home. If you prefer personal assistance, visiting a branch provides an opportunity to interact with bank representatives.
Steps to Open SBI Demat Account
| Online via SBI YONO App | Online via SBI Securities Website | Offline at SBI Branch |
|---|---|---|
| Download the SBI YONO app. | Visit the SBI Securities website. | Visit your nearest SBI branch. |
| Login using your credentials. | Enter your PAN details, address, and bank details. | Fill out the Demat account opening form. |
| Navigate to the “Investment” section. | Upload the necessary documents (PAN card, Aadhaar card, etc.). | Submit the required documents (PAN card, address proof, etc.). |
| Select “Open Demat & Trading Account”. | Complete the e-sign process. | Wait for account activation. |
| Fill in the required details and submit. |
This format provides a clear view of the steps for each method without the additional column.
SBI Demat Account Opening Documents
- PAN Card
- Aadhaar Card
- Passport-sized photograph
- Bank statement or canceled cheque
SBI Demat Account Charges
Here’s the information organized in a table format for better clarity:
| Charges | Amount |
|---|---|
| Account Opening Charges | ₹850 plus 18% GST (₹153), totaling ₹1,003 |
| Annual Maintenance Charges (AMC) | ₹750 per year for individuals (₹500 for e-statement) |
| ₹1,000 per year for non-individuals | |
| Transaction Charges | |
| On-Market (Sell Market) or Off-Market Instruction | With POA/DDPI: 0.01% (Min. ₹21, Max. ₹300) |
| Through Internet: 0.01% (Min. ₹21, Max. ₹300) | |
| Through Branches: 0.04% (Min. ₹30, Max. ₹50,000) | |
| Dematerialization/Rematerialization | ₹35 per request form plus ₹10 for every hundred securities or part thereof |
| Pledge Creation/Closure | Flat rate of ₹15 per ISIN per transaction |
| Additional Statements | |
| By Courier | ₹30 |
| By Email | Free |
Feel free to adjust any details as needed!