SBI Securities and Anand Rathi are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. SBI Securities is listed as a Public Discount Broker , established in Arun Mehta and headquartered in Mumbai, while Anand Rathi is listed as a Public Discount Broker , established in 1994 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether SBI Securities or Anand Rathi is a better fit for your investment style, platform preference, and budget.
SBI Securities is listed as a Public Discount Broker established in Arun Mehta with headquarters in Mumbai and founded by Arun Mehta. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a Standard Plan brokerage structure.
Anand Rathi is listed as a Public Discount Broker established in 1994 with headquarters in Mumbai and founded by Anand Rathi. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. Its brokerage model is structured as Standard Plan.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
SBI Securities vs Anand Rathi — A Comprehensive Company Overview
| Company Overview | SBI Securities | Anand Rathi |
|---|---|---|
| Company Type | Public | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Mumbai |
| Founder | Arun Mehta | Anand Rathi |
| Establishment Year | Arun Mehta | 1994 |
| Brokerage Plan | Standard Plan | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for SBI Securities and Anand Rathi.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. SBI Securities charges 0.50% of Transaction Value while Anand Rathi charges 0.30% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. SBI Securities charges 0.075% of Transaction Value while Anand Rathi charges 0.30% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. SBI Securities charges 0.05% of Transaction Value while Anand Rathi charges 0.30% of Transaction Value.
Equity options: This charge applies to equity option contracts. SBI Securities charges Rs.50 to Rs.100 per lot while Anand Rathi charges Rs.50 per Lot.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. SBI Securities charges 0.05% of Transaction Value while Anand Rathi charges 0.03% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. SBI Securities charges Rs.50 to Rs.100 per lot while Anand Rathi charges Rs.25 per Lot.
Currency futures: This charge allows participation in forex price movements on the exchange. SBI Securities charges 0.05% of Transaction Value while Anand Rathi charges 0.03% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. SBI Securities charges Rs.20 to Rs.30 per lot while Anand Rathi charges Rs.25 per Lot.
SBI Securities vs Anand Rathi — Detailed Brokerage Comparison
| Brokerage | SBI Securities | Anand Rathi |
|---|---|---|
| Brokerage Plan | Standard Plan | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | 0.50% of Transaction Value | 0.30% of Transaction Value |
| Equity Intraday | 0.075% of Transaction Value | 0.30% of Transaction Value |
| Equity Future | 0.05% of Transaction Value | 0.30% of Transaction Value |
| Equity Option | Rs.50 to Rs.100 per lot | Rs.50 per Lot |
| Commodity Future | 0.05% of Transaction Value | 0.03% of Transaction Value |
| Commodity Option | Rs.50 to Rs.100 per lot | Rs.25 per Lot |
| Currency Future | 0.05% of Transaction Value | 0.03% of Transaction Value |
| Currency Option | Rs.20 to Rs.30 per lot | Rs.25 per Lot |
SBI Securities provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. Anand Rathi provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: SBI Securities and Anand Rathi both list an Android trading app.
iOS app: SBI Securities and Anand Rathi both list an iOS trading app.
Web trading platform: SBI Securities and Anand Rathi both list a web trading platform.
Desktop trading terminal: SBI Securities and Anand Rathi both list a desktop trading terminal.
Algo trading: Anand Rathi lists algo trading support, while SBI Securities does not currently mention it.
Basket trading: SBI Securities lists basket trading, while Anand Rathi does not currently mention it.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: SBI Securities and Anand Rathi both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: SBI Securities lists a bonds investment platform, while Anand Rathi does not currently mention it.
SBI Securities vs Anand Rathi — Complete Comparison of Trading Platforms
| Trading Platform | SBI Securities | Anand Rathi |
|---|---|---|
| Android App | SBI Securities Android App Link | Anand Rathi Android App Link |
| iOS App | SBI Securities iOS App Link | Anand Rathi iOS App Link |
| Web Trading Platform | SBI Securities Web Trading Link | Anand Rathi Web Trading Link |
| Trading Terminal | Available | Available |
| Algo Trading Platform | NA | Available |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | Available | NA |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | Available | NA |
SBI Securities highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while Anand Rathi promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both SBI Securities and Anand Rathi offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both SBI Securities and Anand Rathi offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both SBI Securities and Anand Rathi offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both SBI Securities and Anand Rathi offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both SBI Securities and Anand Rathi offer this feature.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both SBI Securities and Anand Rathi offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both SBI Securities and Anand Rathi offer this feature.
Live market: Live updates on market movements and trends. Both SBI Securities and Anand Rathi offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Both SBI Securities and Anand Rathi offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both SBI Securities and Anand Rathi offer this feature.
SBI Securities vs Anand Rathi — Comprehensive Comparison of Trading Features
| Trading Feature | SBI Securities | Anand Rathi |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | No | No |
| Customised Recommendations | No | No |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | Yes |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by SBI Securities and Anand Rathi.
Free account opening: Anand Rathi lists free account opening, while SBI Securities does not currently mention it.
Free AMC: Anand Rathi lists free Demat AMC, while SBI Securities does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Anand Rathi lists flat brokerage pricing, while SBI Securities does not currently mention it.
Flexible brokerage plans: SBI Securities and Anand Rathi both list flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Neither broker currently highlights free delivery trading.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: SBI Securities and Anand Rathi both list free research reports.
Free trading calls: SBI Securities and Anand Rathi both list free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: SBI Securities offers Upto Rs.700 per Client while Anand Rathi offers Rs.250 per Client for referrals.
SBI Securities vs Anand Rathi — Comparison of Latest Offers
| Offer | SBI Securities | Anand Rathi |
|---|---|---|
| Free Account Opening | No | Yes |
| Free AMC | No | Yes, Limited |
| Free Brokerage | No | No |
| Flat Brokerage | No | Yes |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | Yes | Yes |
| Free Trading Calls | Yes | Yes |
| Referral Offers | Upto Rs.700 per Client | Rs.250 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | Yes | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. SBI Securities highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Anand Rathi highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, mutual funds, banking services, insurance, corporate bonds, government bonds, bonds and foreign stocks.
SBI Securities vs Anand Rathi — Complete Comparison of Products
| Product | SBI Securities | Anand Rathi |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | Yes | Yes |
| Currency Future | Yes | Yes |
| Foreign Stocks | No | Yes |
| Mutual Funds | Yes | Yes |
| Banking | Yes | No |
| Insurance | Yes | Yes |
| Corporate Bonds | Yes | Yes |
| Government Bonds | Yes | Yes |
| Digital Gold | No | No |
Demat services: SBI Securities and Anand Rathi both list Demat services.
Trading services: SBI Securities and Anand Rathi both list trading services.
Intraday services: SBI Securities and Anand Rathi both list intraday trading services.
F&O services: SBI Securities and Anand Rathi both list F&O services.
IPO services: SBI Securities and Anand Rathi both list IPO services.
3-in-1 account: SBI Securities lists 3-in-1 account support, while Anand Rathi does not currently mention it.
Stock research: SBI Securities and Anand Rathi both list stock research.
Stock recommendations: SBI Securities and Anand Rathi both list stock recommendations.
Trading education: SBI Securities lists trading education, while Anand Rathi does not currently mention it.
Share pledging: SBI Securities and Anand Rathi both list share pledging.
PMS or PCG: SBI Securities and Anand Rathi both list PMS or PCG support.
NRI services: SBI Securities and Anand Rathi both list NRI services.
SBI Securities provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while Anand Rathi offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
SBI Securities vs Anand Rathi — In-Depth Comparison of Services
| Service | SBI Securities | Anand Rathi |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | Yes | No |
| Stock Research | Yes | Yes |
| Stock Recommendations | Yes | Yes |
| Trading Education | Yes, Investor Sarathi | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | Yes |
| NRI Services | Yes | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from SBI Securities and Anand Rathi.
SBI Securities and Anand Rathi — Detailed Comparison of Advisory Services
| Advisory | SBI Securities | Anand Rathi |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | No |
| IPO Reports | Yes | Yes |
| Technical Reports | Yes | Yes |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | Yes | Yes |
| Daily Market Review | Yes | No |
| Monthly Review | Yes | No |
| Weekly Review | Yes | No |
| Relationship Manager | Yes | Yes |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from SBI Securities and Anand Rathi across different segments.
SBI Securities and Anand Rathi — Comprehensive Comparison of Trading Exposure
| Exposure | SBI Securities | Anand Rathi |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1X | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
SBI Securities and Anand Rathi both list a sub-broker program. SBI Securities and Anand Rathi both list a partner program. SBI Securities and Anand Rathi both list a referral program.
SBI Securities vs Anand Rathi — Comparative Analysis of Programs
| Program | SBI Securities | Anand Rathi |
|---|---|---|
| Sub-Broker Program | Yes | Yes |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
SBI Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Anand Rathi provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. SBI Securities operates Available branches. Anand Rathi operates Available branches.
SBI Securities and Anand Rathi — Comprehensive Comparison of Customer Support
| Support Channel | SBI Securities | Anand Rathi |
|---|---|---|
| Trading Support | Available, Free | Available, Free |
| Dedicated Dealer | Available, Free | Available, Free |
| Call Support | 022-68545555 | 0291-6661001 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | Telegram Support Link |
| Branches / Offices | Available | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. SBI Securities carries an overall rating of 8.95 / 10, while Anand Rathi carries an overall rating of 7.90 / 10.
SBI Securities vs Anand Rathi — Ratings Comparison
| Rating Parameter | SBI Securities | Anand Rathi |
|---|---|---|
| Overall Rating | 8.95 / 10 | 7.90 / 10 |
| Customer Support | 8.92 / 10 | 7.87 / 10 |
| Technology | 9.06 / 10 | 7.99 / 10 |
| Charges | 8.99 / 10 | 7.93 / 10 |
| Products & Services | 8.90 / 10 | 7.85 / 10 |
| Experience | 8.88 / 10 | 7.84 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
SBI Securities & Anand Rathi — Comparison of Customer Complaints
| Complaint Metric | SBI Securities | Anand Rathi |
|---|---|---|
| Total Complaints Lodged | 182 | 35 |
| Total Complaints Resolved | 162 | 30 |
| % of Resolved Complaints | 89.01% | 85.71% |
| Non-Actionable Complaints | 11 | 3 |
| % of Non-Actionable Complaints | 6.04% | 8.57% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for SBI Securities and Anand Rathi.
SBI Securities vs Anand Rathi — Detailed Comparison of Transaction Charges
| Transaction Charges | SBI Securities | Anand Rathi |
|---|---|---|
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) | |
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | |
| Equity Future | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | |
| Equity Option | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | |
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | |
| Currency Option | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
SBI Securities & Anand Rathi — Comprehensive Comparison of Pledge Charges
| Pledge Charge | SBI Securities | Anand Rathi |
|---|---|---|
| Pledge Creation Charges | - | |
| Pledge Invocation Charges | - | |
| Margin Trading Interest | - |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
SBI Securities and Anand Rathi — Detailed Comparison of Hidden / Other Charges
| Charge | SBI Securities | Anand Rathi |
|---|---|---|
| SEBI Turnover Charges | 0.0001% (₹10/Crore) of the turnover | |
| DP Charges | - | |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) | |
| Account Closure Charges | - | |
| Reactivation Charges | - | |
| Dematerialisation Charges | - | |
| Call & Trade Charges | - |
SBI Securities lists account opening charges of Rs.850 and Demat AMC of Rs.750. Anand Rathi lists account opening charges of Free and Demat AMC of Rs.450 per Year (1st Year Free).
SBI Securities vs Anand Rathi — Detailed Comparison of Demat Charges
| Demat Charges | SBI Securities | Anand Rathi |
|---|---|---|
| Account Opening Charges | Rs.850 | Free |
| Annual Maintenance Charges (AMC) | Rs.750 | Rs.450 per Year (1st Year Free) |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
SBI Securities vs Anand Rathi — Comparative Analysis of STT and CTT Charges
| STT & CTT | SBI Securities | Anand Rathi |
|---|---|---|
| Equity Delivery | 0.1% on both Buy & Sell sides | |
| Equity Intraday | 0.025% on the Sell side only | |
| Equity Future | 0.0125% on the Sell side | |
| Equity Option | 0.0625% on premium value | |
| Commodity Future | 0.01% on sell side (Non-Agri) | |
| Commodity Option | 0.05% on sell side | |
| Currency Future | NA | |
| Currency Option | NA |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
SBI Securities and Anand Rathi — Comparison of Stamp Duty Charges
| Stamp Duty | SBI Securities | Anand Rathi |
|---|---|---|
| Equity Delivery | 0.015% | |
| Equity Intraday | 0.003% | |
| Equity Future | 0.002% | |
| Equity Option | 0.003% | |
| Commodity Future | 0.002% | |
| Commodity Option | 0.003% | |
| Currency Future | 0.0001% | |
| Currency Option | 0.0001% |