How To Buy SBI Share, How To Buy SBI Shares Online, How To Purchase SBI Share, How To Purchase SBI Shares Online, How To Buy SBI Stocks.
SBI i.e. State Bank of India is the largest public sector bank of India. If you want to invest in SBI shares, the question that comes to your mind is Where and How To Buy SBI Share.
So today in this article we will give you very detailed information about how and where you can buy SBI shares.
Today, after reading this article, you will understand how to buy SBI shares and after reading the article, you will easily be able to invest in SBI shares and earn profit from it.
SBI shares have performed very well in the last few years and have given good returns to their investors. People also want to invest in SBI shares because SBI is a government bank, that is why people have a lot of trust in this bank. It is high and most of the savings of the people are also in this bank.
To know the complete process of how to buy SBI shares, read this article till the end.
How To Buy SBI Share (How To Buy SBI Shares Online)
The question is very simple How To Buy SBI Share – To invest money in the stock market i.e. to buy shares of a company in the stock market, you need a Demat account and trading account.
Without a Demat account and trading account, you cannot invest even a single rupee in the shares of any company.
Therefore, to buy SBI shares you will also need to open a Demat account and trading account.
Both Demat account and trading account are opened simultaneously and you can easily invest in SBI shares by opening your Demat account and trading account with any full service broker or discount broker and get good returns.
What is Demat and Trading Account?
Just as one has to open a savings account or current account to deposit money in the bank, similarly a demat account and trading account is required to buy shares.
You have to buy shares of a company from the trading account and your purchased shares are stored in the demat account.
Demat account and trading account are opened by the stock broker company. You can open demat account and trading account both online and offline.
In online mode, Demat account is opened in just 24 to 48 hours.
Where to open demat account and training account to buy shares of SBI?
To buy shares of SBI, you can open your Demat account and trading account with a discount broker or a full service broker. The names of some full service brokers and discount brokers are as follows.
| No | Full Service Broker | Discount Broker |
| 1 | ICICI Securities | Zerodha Broking Ltd |
| 2 | Kotak Securities | Groww |
| 3 | Axis Direct | Angel One Ltd |
| 4 | Motila Oswal | Upstox |
| 5 | Sharekhan | 5 Paisa |
All the companies mentioned above are one of the best full service brokers and discount brokers in India.
You can buy SBI shares by opening your demat account trading account with any of these companies.
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Best broker for beginners to buy SBI shares?
If you want to buy SBI shares and you are new to the stock market, then you can open your account with a discount broker.
The largest and famous discount brokers in India are Zerodha, Groww, Upstox, Angel One.
You can open your demat account and trading account with any of these discount brokers.
Documents required for demat account and trading account
If you want to open a demat account or trading account to invest in the stock market, you can open your account with some minor documents. Following are the documents which are required at the time of opening your account.
- Aadhar Card (which should be linked to your mobile)
- PAN card
- ID of one family member (for nominee)
- income proof
(Keep in mind that you will need income proof only when you trade with leverage in futures and options. If you do not want to trade in futures and options, then you can open your account even without income proof.)
With all these documents mentioned above, you can open demat account and trading account online from your mobile or laptop sitting at home.
How much time does it take to open a demat account and trading account?
If you open demat account trading account online then it gets opened in just 24 to 48 hours.
Many times your account gets opened within 8 to 12 hours. I had opened my account in Upstox and in my case the demat account and trading account were opened in just 8 hours.
If you open your account offline then it may take a little more time.
How much does it cost to open a demat account and trading account?
The charges for opening a demat account and trading account are a lot of work these days.
Some companies open a demat account and give you a trading account for free, while some companies charge you a very small amount.
While opening demat account and trading account, two-three types of charges have to be paid such as
- Account opening charge (which is charged only once at the time of account opening)
- Account Maintenance Charge (which is charged once a year)
- Brokerage charge incurred while buying and selling shares.
We have given you information about account opening charge and account maintenance charge through the table below. You can open your demat account and trading account with any of these companies.
According to me, you can open your demat account trading account with upstox, I myself use upstox which is very simple to understand and run for new people.
| Account Opening Charges | Trading + Demat Account Maintenance Charges | |
| Zerodha | 200 | 300 |
| Upstox | 0 | 0 |
| Groww | 0 | 0 |
| Angle One | 0 | 0 ( for 1 Year ) |
How To Buy SBI Share Final Process
- When you open your demat account and trading account with the broking company.
- After this the broking company will send you the user ID and password on your email ID.
- After this you have to download the mobile application of the broking company from Google Play Store.
- And after that you have to log in using the user ID and password given by the company.
- As soon as you download, install and log in the mobile application, the fund option will appear in front of you from where you have to add money to your trading account.
- Adding money to a demat account trading account is a very simple process, you can add money to it through your UPI.
- After adding money to the Demat account, you can buy shares of any company of your choice.
- And if you want to buy SBI shares, then SBI shares are currently available at Rs 771. That means you will have to add ₹ 771 to your demat account, only after that you will be able to buy shares of this company.
Hello friends, My name is Gopeshwar, and I am a stock market investor. I have been investing in the stock market for almost 5 years, and I have good knowledge of the stock market and finance. I provide stock market-related information on my stocksunlight website.