ACCOUNT OPENING

To enroll for SBI Demat Services you will have to open the following accounts:

· Bank Account with a Core Branch of State Bank of India

· Demat Account on Centralized DP of State Bank of India

To open a 3-in-1 account with SBI you can choose to open an online Trading Account with SBICap Securities Limited or Motilal Oswal Securities Ltd


List of Documents Required (Resident - Individual)

The following are the list of documents required:

a. Proof of identity – Copy of PAN Card

b. Proof of Address – Copy of any one of the following (Self Attested)

Passport
Ration card
Voter’s ID
Driving license
Electricity bill (not more than 2 months old)
Landline Telephone Bill (not more than 2 months old)
Bank Pass Book
c. Bank Proof – Copy of Bank Pass Book or Personalized Cheque leaf (For Existing Bank Account Holders Only)
d. Photograph – Recent passport-size photograph


Account Opening Intimation

After the Demat account form is duly filled and submitted, you will receive a welcome kit containing within 10 working days.

The welcome kit will contain the following:

A welcome letter containing details pertaining to your account.
A product manual on “Demat Services”, to help you get started.
Delivery Instruction Slips and Client master list
· A leaflet on product features detailing the advantages of the online trading platform.

Your Demat Account number will be intimated to you by e-mail/ SMS if the mail-id/ mobile phone no. is written on the application form and also by courier or by post.