SBI Securities Vs Finvasia Demat Account Comparison

SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd which is one of the oldest players in the Indian Capital Market and has a dominant position in the Indian primary capital markets. SBI Capital Markets Ltd. commenced broking activities in March 2001 to fulfill the secondary market needs of Financial Institutions, FIIs, Mutual Funds, Banks, Corporates, High Network Industry, Non-residential Investors and Retail domestic investors. SBICAP Securities Ltd. (SSL) is a company, which has been formed to take over the broking operations of SBI Capital Markets Ltd. SSL commenced operations in the first quarter of financial year of 2006-2007.

Finvasia is a Chandigarh, India based financial service provider. Finvasia caters to retail, institutional and foreign customers. Finvasia offers truly brokerage free trading. It absolutely doesn’t change any brokerage commission from customers to trade on BSE, NSE, and MCX. Customers can trade in any segment by just paying applicable taxes. Call & trade is also available for free of cost to the customers.

Finvasia is a depository participant with CDSL. They offer all kind of depository services to its customer at a very reasonable price.

They are an online broker. All services offered are online or over the phone. They do not have any branch offices, franchise or partner offices.

Marathon Futurex, 12th Floor,
A & B Wing N. M. Joshi Marg, Lower Parel,
Mumbai Maharashtra India - 400013

Plot # 10, Netsmartz House (Level 3).
Rajiv Gandhi Chd Tech Park.
Chandigarh. India 160101

Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services, E-Broking and Currency Derivatives

Retail trading in equity, currency and commodity, depository (demat account), asset management, investment banking, advisory, and currency hedging.

Rs 850

₹0 (+ stamp charge of ₹199)

1. Individual Account: Rs 750 (Rs 500 for e-statement)

₹0 for Individual/HUF/NRI
₹1000 per year for corporate

Nil

₹0

Rs 5 per cert + Rs 35 courier charges per request

₹15 + ₹99 Courier charges

Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity

₹15 + ₹99 Courier charges

1. Through POA - 0.01% of the transaction value (Minimum of Rs 21 and Maximum of Rs 300) per ISIN
2. Through DIS - 0.04% of the transaction value (Minimum of Rs 30) per ISIN

₹9 (including CDSL Fee)

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

₹25 + NSDL Charges

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

₹25 + NSDL Charges

Rs 10 per failed instruction.

₹49 per transaction

• Periodic Statements - Email: Free | Physical: ₹99 Courier Charges
• Adhoc / Non Periodic Statement - Email: Free | Physical: ₹5 per page + ₹99 Courier Charges
• Delivery Instructions - First Booklet: Free | Additional: ₹99 for 10 leaves
• Check Bounce - ₹299
• Failed Transaction - ₹49 per transcaction
• Modification in Client Information - ₹19 per request
• Demat Closure Account - Nil
• Delay Payment Charges - 2% per month on T+2 days