Review: SBI 3-in-1 Account

Review SBI 3-in-1 Account (SBI Demat and Trading Account)

Let us today discuss everything about SBI 3-in-1 Account. And various things related to it.

What is SBI 3-in-1 Account? -

SBI 3-in-1 account is the integrated platform of 3 types of accounts,

01) Savings Bank Account
02) Demat Account &
03) Online Trading Account

In other words, SBI 3 in 1 is the single shot solution of all of your stock investment and trading needs. It comes with online trading account so you can trade online during the market hours. In short, SBI 3 in 1 account will give you the ease of paperless transactions.

You can also opt for digitally signed e-mail statements.

Key Features of SBI 3-in-1 Account -

- Digitally Signed e-mail Statements: Subscribe and save Rs.50/- on AMC.

- 'Demat Services' Online: Operate your account from the comfort of your home or office through SBI's Internet Banking Facility - www.onlinesbi.com

• View Holdings, Billing and Transactions statements online.

• Order Delivery Instructions Booklet Online and have it delivered at your doorstep

• Check ISINs, Settlement Calendar and Status of Requests online

- eZ-instructions: Transfer, pledge/unpledge securities online anyplace, anytime.

- SMS Alerts: For your Demat account transactions.

How to open SBI 3-in-1 Account? -

Here are the contact details of how to open this account. Simply contact them and they will assist you in opening an account.

Toll free: 1800 11 22 11  |  SMS: SBIDEMAT to 58888  |  website: www.sbi.co.in

Schedule of charges – SBI Demat Account -

- Demat account opening charges – Rs.100

- Online Trading account opening charges – Rs.400

- Annual maintenance charges for Demat account – Rs.400

- Buy-market & off market – NIL

- sell-market & off-market – NIL

   For trade done on www.eztrade.co.in or
   www.sbicapsec.com                                   NIL

   For instruction submitted through Internet
   (eZ-instructions)                                       0.03% (Min. Rs.10/-)

- Rejection . fails – Rs.10 per rejection

- Dematerialization (Courier charges extra) – Rs.35 /-

- Additional account statements – Rs.30/- (NIL if via e-mail)

Schedule of Charges – Online Trading account -

Delivery Brokerages

Delivery Brokerages
Turnover per month	Brokerage Rate
0-5 Lakh	0.50%
5-10 Lakh	0.45%
10-25 Lakh	0.40%
25-50 Lakh	0.35%
50-75 Lakh	0.30%
75 Lakh – 2 Crore	0.25%
> 2 Crore	0.15%

Intraday Brokerages

Intraday brokerages
Turnover per month	Brokerage Rate
< 25 Lakh	0.15%
25-50 Lakh	0.12%
50 Lakh – 1.5 Crore	0.10%
1.5-3 Crore	0.08%
3-6 Crore	0.07%
6-10 Crore	0.06%
Above 10 Crore	0.05%

Over all, SBI Demat & trading account (3 in 1) is a good deal.