SBI Demat Account

Documents Required to Open an SBI Demat Account

The list of documents that must be submitted in order to open a Demat account at SBI is mentioned below:

1. Passport-size photograph
2. Bank statement
3. Driving License
4. Voter ID
5. Aadhaar Card
6. PAN Card

In case you are opening the account online, scanned copies can be uploaded.

SBI Demat Account - Features and Benefits

The main features and benefits of the Demat Account offered by SBI are mentioned below:

1. Security Lending: Extra income can be earned on any dematerialized holdings.
2. Corporate Benefits are Disbursed: Fast and direct credit of the security balance into the DP account.
3. Hypothecation/Pledge: The security balance of the borrowers is blocked in the favour of lenders so that loans can be availed against the shares.
4. Account transfers can be completed.
5. Rematerialisation: Electronic balances can be converted to the physical form.
6. Dematerialisation: The physical share certificate can be converted into electronic balances.
7. Account Maintenance: The security balance will be maintained in electronic form.
8. Mobile alerts are provided via SMS.
9. Statements are sent via email.
10. You can call the 24x7 customer care in case of any queries.

SBI Demat Account – Closure

In case you are not using the account, the bank allows you to close the account. However, the account cannot be closed online. The account closure form can be downloaded from the official website. Once the form is filled, you can visit the nearest branch and submit it. The account will be closed within four working days.

SBI Demat Account – Customer Care

Address:

SBI DEMAT Centralised Processing Cell,CMC House, C-18,Bandra – Kurla ComplexBandra (East), Mumbai 400051

Tollfree Number: 1800 2009 080

Email ID:

1. Central Depository Serviced (India) Limited: grievance.cdsl@sbi.co.in
2. National Securities Depository Limited: grievance.nsdl@sbi.co.in