SBICAP Securities : MIscellaneous details

Some miscellaneous information not covered by other posts in this blog on SBICAP Securities.

1) Account Opening Charges : Nil.- (*please read comments)
2) Charting : No
3) After market order (AMO) : Yes
4) Exposure for Intraday : 5 times the available cash.
5) Password system : You use two passwords , one login password and one trading password to login to SBICAP Securities. The Login password needs to be changed every 14 days. You are however not required to change the trading password.

Aug 28, 2008

9 comments:

Sameer February 2, 2009 at 12:26 PM  

You say that the account opening charge is Nil for SBICAPSEC, but when I submitted the form last week, they said they will charge me one time fee of 400 Rs. -Sameer

iinvestor February 2, 2009 at 8:39 PM  

that is strange because they had not charged me anything. Thanks for the comment though. I'll update the post accordingly.

Mahesh February 14, 2009 at 5:23 PM  

I was also charged Rs 400 to start an account. Besides there is an AMC of Rs 400. I thing you can save Rs 50 id you decide to get e-statements rather than paper statements. I am a newbie user. Is there any help available on how to use the trading platform.

Anonymous March 2, 2009 at 1:41 PM  

Even I was charged 399 when the account was opened as AMC.

abhijit April 26, 2009 at 11:12 PM  

I am buying shares for the first time through sbcapsec.But When I ordered to buy shares it flashed messages 'order rejected inadeqaute cash '. why this messgae is flashing when i have adequate cash in my saving account.

tarunteotia May 29, 2009 at 10:31 PM  

@abhijeet

you've to allocate fund before you can buy a share. you can do that as follows:
1.Log in to your account
2.click on fund lien
3.frm the drop down list choose "STATE BANK OF INDIA".
4.TO allocate fund select "mark" and to de allocate select "unmark" in next drop box.
5.Enter amount and click submit.
6.confirm and click submit again.
it'll re direct you to onlinesbi . com
7.Enter your online sbi username and password.
8.Confirm the transfer twice.
9.Click close at the end.

then you can use this marked lien to buy shares..

Soumik June 16, 2009 at 10:10 AM  

Sir,

I am also having a SBI demat account and my exp is satisfactory.
But, the problem is that I do not know how to do the Short Selling in SBI DEMAT AC.
Can you help in this regard?

Will be thankful to you.

Regards,
Soumik

Sachin June 26, 2009 at 8:48 PM  

i want to open trading a/c in SBICAPSEC, but can we link other bank saving a/c to this a/c like ICICI ? also can we do trading on phone ?

yathen August 9, 2009 at 4:11 PM  

Hi.. I am trying to apply for IPO using sbicapsec but it displays a " Page cannot be displayed error". This is happening from last 15-20 days. I have even send a mail to helpdesk ,but still have not recieved any response from them.

Has anyone faced similar issues ???

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