Sahi vs SBI Securities
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Sahi
VS
SBI Securities
Sahi vs SBI Securities — quick verdict
Choose Sahi if
You want low-cost, self-directed trading
Trading Simplified.
Choose SBI Securities if
You want research and offline support
Investing Made Easy.
Company overview
Sahi is a discount broker incorporated in 2021; SBI Securities is a full-service broker incorporated in 2006.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| Type of broker | Discount Broker | Full-Service Broker |
| Exchange membership | NSE · BSE | NSE · BSE · MCX |
| Year of incorporation | 2021 | 2006 older |
| Number of branches | Online Only | 1,000+ SBI Investor Service Centres & Ba |
| Active clients | 1 Lakh+ | ~13.7 lakh larger |
Charges & AMC
Account-opening and maintenance charges for Sahi and SBI Securities compared side by side.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| Trading a/c opening | ₹0 | ₹0 (Free) |
| Trading a/c AMC | ₹0 | ₹0 (Free) |
| Demat a/c opening | ₹0 | ₹0 (Free) |
| Demat a/c AMC | ₹0 | ₹0 (Free for the first year), thereafter as per applicable tariff plan |
| DP charges (per ISIN, sell) | ₹13.5 per company (ISIN) on sell transactions lower | ₹15.34 per debit transaction |
Brokerage charges
How Sahi and SBI Securities price each trading segment, per executed order.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| Equity Delivery | ₹10 or 0.05% per executed order (whichever is lower) | 0.50% |
| Equity Intraday | ₹10 or 0.05% per executed order (whichever is lower) | 0.05% |
| Equity Futures | ₹10 per executed order | 0.05% |
| Equity Options | ₹10 per executed order | ₹50 per executed order |
| Currency F&O | ₹10 per executed order | 0.05% |
| Commodity F&O | ₹10 per executed order | 0.05% |
| Call & Trade | Not Available | ₹50 per executed order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Sahi and SBI Securities, per segment.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| Equity Delivery | NSE: 0.0030699% • BSE: 0.00375% | NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%) |
| Equity Intraday | NSE: 0.0030699% • BSE: 0.00375% | NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%) |
| Equity Futures | NSE: 0.0018299% | NSE ₹173 per Cr (0.00173%) | BSE ₹173 per Cr (0.00173%) |
| Equity Options | NSE: 0.0355299% (on premium) | NSE ₹3,503 per Cr (0.03503%) | BSE ₹3,250 per Cr (0.0325%) |
| Currency Futures | NSE: 0.00035% | NSE ₹35 per Cr (0.00035%) | BSE ₹35 per Cr (0.00035%) |
| Currency Options | NSE: 0.03110% (on premium) | NSE ₹3,100 per Cr (0.0311%) | BSE ₹1,000 per Cr (0.01%) |
| Commodity Futures | MCX: As per applicable exchange charges | MCX ₹260 per Cr (0.00260%) |
| Commodity Options | MCX: As per applicable exchange charges | MCX ₹5,000 per Cr (0.05%) |
Demat & DP charges
Depository (demat) charges for Sahi and SBI Securities — AMC, debit transactions, pledging and remat.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 (Free) |
| Annual Maintenance Charges (AMC) | ₹0 | ₹0 (First Year), thereafter as per tariff |
| Debit Transaction Charges | ₹13.5 per company (ISIN) on sell transactions | — |
| Pledge / Unpledge Charges | ₹15 per transaction/ISIN + GST | — |
| Dematerialisation (Demat) | ₹150 per certificate + courier charges | — |
| Rematerialisation (Remat) | ₹150 per certificate + courier charges | — |
| Failed Transactions | ₹50 per ISIN | Nil |
| Transaction Charges (Sell) | — | ₹15.34 per debit transaction |
| Pledge Creation / Invocation | — | ₹25 + GST per request |
| Remat | — | ₹25 per certificate + applicable charges |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Sahi and SBI Securities.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | 100% of trade value (1x) |
| Equity Intraday | VAR + ELM Margin (Up to 5x*) | As per SEBI peak margin norms (Up to 5x) |
| Equity Futures | SPAN + Exposure Margin (As per available margin) | SPAN + Exposure Margin (1x) |
| Equity Options (Buy) | Premium Value (Not Applicable) | — |
| Equity Options (Sell) | SPAN + Exposure Margin (As per available margin) | — |
| Currency Futures & Options | Not Available | — |
| Commodity Futures & Options | Not Available | — |
Features & account
Account type and feature availability across Sahi and SBI Securities.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| 3-in-1 account | ✕ No | ✓ Yes better |
| Automated / API trading | ✕ No | ✕ No |
| Margin Trading (MTF) | ✕ No | ✓ Yes better |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | Sahi Web, Sahi Mobile App | SBI Smart, SBI Securities Mobile App, SBI Smart Xpress |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | Advanced Charts, Option Chain, Watchlists, Price Alerts, Digital KYC, Real-time Market Data, Portfolio Tracking | 3-in-1 account, MTF, research reports, IPO investment, mutual funds, ETFs and fixed-income products. |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Sahi and SBI Securities.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| Trading platforms offered | Sahi Web, Sahi Mobile App | SBI Smart, SBI Securities Mobile App, SBI Smart Xpress |
| Number of platforms | 2 | 3 more choice |
| Platforms (summary) | Sahi Web, Sahi Mobile App | SBI Smart, SBI Securities Mobile App, SBI Smart Xpress |
| Mobile / desktop apps | Web, Mobile | Web, Mobile, Desktop |
User ratings
User ratings for Sahi and SBI Securities across the key parameters.
| Rated on | Sahi | SBI Securities |
|---|---|---|
| Fees | 4.8 better | 4.2 |
| Brokerage | 4.8 better | 4.2 |
| Trading platform | 4.5 better | 4.3 |
| Customer service | 4.2 | 4.4 better |
| Research | 3.8 | 4.5 better |
| Overall | 4.4 better | 4.3 |
Investment options
Which investment products Sahi and SBI Securities let you access.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✕ No | ✓ Yes better |
| IPO | ✕ No | ✓ Yes better |
| Mutual Funds | ✕ No | ✓ Yes better |
| Bonds / NCD | ✕ No | ✓ Yes better |
Order types offered
Advanced order types supported by Sahi and SBI Securities.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| Bracket Order | ✕ No | ✕ No |
| Cover Order | ✕ No | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✕ No | ✕ No |
Safety & credibility
SEBI registration, financial strength and complaint record for Sahi and SBI Securities.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| SEBI registration | INZ000314836 | INZ000200032 |
| NSE member code | 90392 | 13018 |
| Year of incorporation | 2021 | 2006 longer track record |
| Net worth | ₹25+ Cr | ₹1,000+ Cr stronger |
| Exchange memberships | NSE · BSE | NSE · BSE · MCX |
| Latest complaint ratio | N.A. | 0.088% |
Complaints record
Exchange complaint data for Sahi and SBI Securities — the ratio matters more than the raw count.
| Parameter | Sahi | SBI Securities |
|---|---|---|
| Latest financial year | 2025–26 | 2025-26 |
| Exchange | NSE | NSE |
| Active clients | Latest Available | 13,69,945 |
| Complaints filed | N.A. | 1,208 |
| Complaint ratio | N.A. | 0.088% |
Pros & cons
The main advantages and drawbacks of each broker.
Sahi
▲ Pros
- ✓ Simple and transparent brokerage structure.
- ✓ ₹0 account opening and ₹0 annual Demat AMC.
- ✓ Fully digital and paperless account opening.
- ✓ User-friendly web and mobile trading platforms.
- ✓ Advanced charting, watchlists, and option chain.
- ✓ Suitable for beginners as well as active traders.
▼ Cons
- ✕ Limited research and advisory services.
- ✕ Investment products are fewer than large full-service brokers.
- ✕ No physical branch network.
- ✕ Call & Trade facility is limited or unavailable.
- ✕ Does not offer as many premium investment services as traditional brokers.
SBI Securities
▲ Pros
- ✓ Integrated 3-in-1 account with SBI Bank.
- ✓ Trusted SBI Group full-service broker.
- ✓ Comprehensive equity research and investment recommendations.
- ✓ Trade in Stocks, F&O, IPOs, Mutual Funds, ETFs and Bonds.
- ✓ Advanced web and mobile trading platforms.
- ✓ Margin Trading Facility (MTF) available.
- ✓ Wide branch network and customer support.
▼ Cons
- ✕ Brokerage charges are higher than discount brokers.
- ✕ Demat AMC may apply after the promotional period.
- ✕ Call & Trade service is chargeable.
- ✕ Advanced trading tools are limited compared to some competitors.
- ✕ Certain services and brokerage plans have eligibility conditions.
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