te From SBI Power Demat Account avail benefit of SBI Savings Account - From free ATM card to loans, check out offer by State Bank of India | Zee Business

From SBI Power Demat Account avail benefit of SBI Savings Account - From free ATM card to loans, check out offer by State Bank of India

SBI Power Demat Account: Amid investors interested in diversified investment portfolio, State Bank of India is offering SBI Power Demat Account that allows customers to avail benefit of SBI Savings Account, SBI Demat account and SBI trading account.

From SBI Power Demat Account avail benefit of SBI Savings Account - From free ATM card to loans, check out offer by State Bank of India
SBI Power Demat 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. Photo: Reuters

SBI Power Demat Account: Amid investors interested in diversified investment portfolio, State Bank of India is offering SBI Power Demat Account that 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.

Benefits of SBI Power Demat Account

In this 3-in-1 account, a 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 in that case 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 to pay any maintenance charges. However, for holding from Rs 50,001 to Rs 2 lakh, the annual maintenance charges is Rs 100.

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Free SBI ATM Card

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. In case this SBI account holders can recharge one's mobile from the SBI ATM as well.

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Commenting upon this 3-in-1 SBI Account, the largest commercial bank of India claims at its official website — onlinesbi.com, "As our customer, you deserve nothing but the very best, which is why we are proud to present the all new Power Demat Account."

SBI website goes one step further to its claims that offers the following features:

1] 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.

2] One can view one's Demat account details, statement of holdings, statement of transactions and statement of billing online.

3] SBI net banking facility at onlinesbi.com.

4] Dedicated SBI Customer Care support 24X7.

5] This service provides an integrated platform of Savings Bank A/c, Demat A/c and Online Trading A/c to give SBI customers a convenient and paper free trading experience.

How SBI is operating this 3-in-1 account

In SBI Power Demat Account, SBI is a depository participant, which is registered with both National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). Through nearly 1,000 SBI branches, the largest Indian commercial bank is operating its DP activity.

Written By: ZeeBiz WebTeam
Edited By: Harish Dugh
Updated: Tue, Mar 02, 2021
03:39 pm
New Delhi, ZeeBiz WebDesk
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