State Bank of India is offering SBI Power Demat account which allows customers to avail benefit of Savings Account, Demat account and Trading account.
State Bank of India is offering SBI Power Demat account which allows customers to avail benefit of SBI Savings Account, SBI Demat account and SBI trading account.
In this unique SBI account, the customer will have a savings account in SBI while Demat and Online Trading account with SBICap Securities Limited. For details of the SBI Power Demat Account, one can check details online at the official SBI website — onlinesbi.com.
1. Avail bank loan
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In this account, an SBI customer can avail bank loan by pledging one's securities online as one's Demat Account and Savings Account is with SBI. If the SBI Power Demat Account holder applies for IPO, and the company allots IPO to the customer, then security balance transfer will be smooth and faster. If the account holder has holdings up to Rs 50,000, then the account holder need not pay any maintenance charges. However, for holding from Rs 50,001 to Rs 2 lakh, the annual maintenance charge is Rs 100.
2. Free SBI ATM card
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Since the SBI offers SBI Savings Account to its customers in this 3-in-1 SBI account, one gets a free SBI ATM Card from the bank as well.
3. Transfer securities online
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In this integrated platform of SBI Savings Account, SBI Demat Account and SBI Trading Account, the bank customer can transfer, pledge or unpledge securities online anyplace, anytime.
4. Order Delivery Instructions Booklet online
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No queues at branches anymore as you can order your Delivery Instructions Booklet online and the same would be delivered at your doorsteps, as per SBI's website.
5. View account details and statements
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One can view one's Demat account details, statement of holdings, statement of transactions and statement of billing online.
