SBI Securities and Bajaj Securities 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 Bajaj Securities is listed as a Public Discount Broker , established in 2010 and headquartered in Pune.
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 Bajaj Securities 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.
Bajaj Securities is listed as a Public Discount Broker established in 2010 with headquarters in Pune and founded by Sanjiv Bajaj. It offers equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds and insurance using mobile app access and web trading and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. Its brokerage model is structured as Freedom 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 Bajaj Securities — A Comprehensive Company Overview
| Company Overview | SBI Securities | Bajaj Securities |
|---|---|---|
| Company Type | Public | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Pune |
| Founder | Arun Mehta | Sanjiv Bajaj |
| Establishment Year | Arun Mehta | 2010 |
| Brokerage Plan | Standard Plan | Freedom Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for SBI Securities and Bajaj Securities.
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 Bajaj Securities charges Rs.20 per Trade.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. SBI Securities charges 0.075% of Transaction Value while Bajaj Securities charges Rs.20 per Trade.
Equity futures: This charge applies to futures contracts on stocks and indices. SBI Securities charges 0.05% of Transaction Value while Bajaj Securities charges Rs.20 per Trade.
Equity options: This charge applies to equity option contracts. SBI Securities charges Rs.50 to Rs.100 per lot while Bajaj Securities charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. SBI Securities charges 0.05% of Transaction Value . Bajaj Securities does not currently list a charge for this segment.
Commodity options: This charge applies to option contracts on commodity instruments. SBI Securities charges Rs.50 to Rs.100 per lot . Bajaj Securities does not currently list a charge for this segment.
Currency futures: This charge allows participation in forex price movements on the exchange. SBI Securities charges 0.05% of Transaction Value . Bajaj Securities does not currently list a charge for this segment.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. SBI Securities charges Rs.20 to Rs.30 per lot . Bajaj Securities does not currently list a charge for this segment.
SBI Securities vs Bajaj Securities — Detailed Brokerage Comparison
| Brokerage | SBI Securities | Bajaj Securities |
|---|---|---|
| Brokerage Plan | Standard Plan | Freedom Plan |
| Subscription Charges | Zero | Rs.431 per Year (1st Year Free) |
| Equity Delivery | 0.50% of Transaction Value | Rs.20 per Trade |
| Equity Intraday | 0.075% of Transaction Value | Rs.20 per Trade |
| Equity Future | 0.05% of Transaction Value | Rs.20 per Trade |
| Equity Option | Rs.50 to Rs.100 per lot | Rs.20 per Trade |
| Commodity Future | 0.05% of Transaction Value | NA |
| Commodity Option | Rs.50 to Rs.100 per lot | NA |
| Currency Future | 0.05% of Transaction Value | NA |
| Currency Option | Rs.20 to Rs.30 per lot | NA |
SBI Securities provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. Bajaj Securities provides mobile app access and web trading for its users.
Android app: SBI Securities and Bajaj Securities both list an Android trading app.
iOS app: SBI Securities and Bajaj Securities both list an iOS trading app.
Web trading platform: SBI Securities and Bajaj Securities both list a web trading platform.
Desktop trading terminal: SBI Securities lists a desktop trading terminal, while Bajaj Securities does not currently mention it.
Algo trading: Neither broker currently highlights algo trading support.
Basket trading: SBI Securities lists basket trading, while Bajaj Securities does not currently mention it.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: SBI Securities and Bajaj Securities 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 Bajaj Securities does not currently mention it.
SBI Securities vs Bajaj Securities — Complete Comparison of Trading Platforms
| Trading Platform | SBI Securities | Bajaj Securities |
|---|---|---|
| Android App | SBI Securities Android App Link | Bajaj Securities Android App Link |
| iOS App | SBI Securities iOS App Link | Bajaj Securities iOS App Link |
| Web Trading Platform | SBI Securities Web Trading Link | Bajaj Securities Web Trading Link |
| Trading Terminal | Available | NA |
| Algo Trading Platform | NA | NA |
| 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 Bajaj Securities promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. 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 Bajaj Securities offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both SBI Securities and Bajaj Securities offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both SBI Securities and Bajaj Securities offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both SBI Securities and Bajaj Securities offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. SBI Securities offers this; Bajaj Securities does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both SBI Securities and Bajaj Securities offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both SBI Securities and Bajaj Securities offer this feature.
Live market: Live updates on market movements and trends. Both SBI Securities and Bajaj Securities offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. SBI Securities offers this; Bajaj Securities does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both SBI Securities and Bajaj Securities offer this feature.
SBI Securities vs Bajaj Securities — Comprehensive Comparison of Trading Features
| Trading Feature | SBI Securities | Bajaj Securities |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | No |
| Global Indices | No | No |
| Customised Recommendations | No | No |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | No |
| 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 Bajaj Securities.
Free account opening: Bajaj Securities lists free account opening, while SBI Securities does not currently mention it.
Free AMC: Bajaj Securities lists free Demat AMC, while SBI Securities does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Bajaj Securities lists flat brokerage pricing, while SBI Securities does not currently mention it.
Flexible brokerage plans: SBI Securities and Bajaj Securities 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 lists free research reports, while Bajaj Securities does not currently mention it.
Free trading calls: SBI Securities lists free trading calls, while Bajaj Securities does not currently mention it.
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 Bajaj Securities offers Rs.200 per Client for referrals.
SBI Securities vs Bajaj Securities — Comparison of Latest Offers
| Offer | SBI Securities | Bajaj Securities |
|---|---|---|
| Free Account Opening | No | Yes |
| Free AMC | No | Yes |
| 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 | No |
| Free Trading Calls | Yes | No |
| Referral Offers | Upto Rs.700 per Client | Rs.200 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 Bajaj Securities highlights equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds and insurance.
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 Bajaj Securities — Complete Comparison of Products
| Product | SBI Securities | Bajaj Securities |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | No |
| Commodity Future | Yes | No |
| Currency Option | Yes | No |
| Currency Future | Yes | No |
| 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 Bajaj Securities both list Demat services.
Trading services: SBI Securities and Bajaj Securities both list trading services.
Intraday services: SBI Securities and Bajaj Securities both list intraday trading services.
F&O services: SBI Securities and Bajaj Securities both list F&O services.
IPO services: SBI Securities and Bajaj Securities both list IPO services.
3-in-1 account: SBI Securities lists 3-in-1 account support, while Bajaj Securities does not currently mention it.
Stock research: SBI Securities lists stock research, while Bajaj Securities does not currently mention it.
Stock recommendations: SBI Securities lists stock recommendations, while Bajaj Securities does not currently mention it.
Trading education: SBI Securities and Bajaj Securities both list trading education.
Share pledging: SBI Securities and Bajaj Securities both list share pledging.
PMS or PCG: SBI Securities lists PMS or PCG support, while Bajaj Securities does not currently mention it.
NRI services: SBI Securities lists NRI services, while Bajaj Securities does not currently mention it.
SBI Securities provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while Bajaj Securities offers Demat services, trading services, intraday trading, F&O trading, IPO access and trading education.
SBI Securities vs Bajaj Securities — In-Depth Comparison of Services
| Service | SBI Securities | Bajaj Securities |
|---|---|---|
| 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 | No |
| Stock Recommendations | Yes | No |
| Trading Education | Yes, Investor Sarathi | Yes, Samadhan |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | No |
| NRI Services | Yes | No |
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 Bajaj Securities.
SBI Securities and Bajaj Securities — Detailed Comparison of Advisory Services
| Advisory | SBI Securities | Bajaj Securities |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | Yes, chargeable |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| IPO Reports | Yes | Yes |
| Technical Reports | Yes | No |
| Stock Tips | Yes | Yes, chargeable |
| Daily Top Stock Picks | Yes | No |
| Daily Market Review | Yes | No |
| Monthly Review | Yes | No |
| Weekly Review | Yes | No |
| Relationship Manager | Yes | Yes, chargeable |
| 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 Bajaj Securities across different segments.
SBI Securities and Bajaj Securities — Comprehensive Comparison of Trading Exposure
| Exposure | SBI Securities | Bajaj Securities |
|---|---|---|
| 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 Bajaj Securities both list a sub-broker program. SBI Securities and Bajaj Securities both list a partner program. SBI Securities and Bajaj Securities both list a referral program.
SBI Securities vs Bajaj Securities — Comparative Analysis of Programs
| Program | SBI Securities | Bajaj Securities |
|---|---|---|
| Sub-Broker Program | Yes | Yes, Limited |
| 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. Bajaj Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. SBI Securities operates Available branches. Bajaj Securities operates Available branches.
SBI Securities and Bajaj Securities — Comprehensive Comparison of Customer Support
| Support Channel | SBI Securities | Bajaj Securities |
|---|---|---|
| Trading Support | Available, Free | Available, Chargeable |
| Dedicated Dealer | Available, Free | Available, Chargeable |
| Call Support | 022-68545555 | 1800-833-8888 |
| 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 Bajaj Securities carries an overall rating of 7.75 / 10.
SBI Securities vs Bajaj Securities — Ratings Comparison
| Rating Parameter | SBI Securities | Bajaj Securities |
|---|---|---|
| Overall Rating | 8.95 / 10 | 7.75 / 10 |
| Customer Support | 8.92 / 10 | 7.72 / 10 |
| Technology | 9.06 / 10 | 7.84 / 10 |
| Charges | 8.99 / 10 | 7.78 / 10 |
| Products & Services | 8.90 / 10 | 7.71 / 10 |
| Experience | 8.88 / 10 | 7.69 / 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 & Bajaj Securities — Comparison of Customer Complaints
| Complaint Metric | SBI Securities | Bajaj Securities |
|---|---|---|
| Total Complaints Lodged | 182 | 21 |
| Total Complaints Resolved | 162 | 14 |
| % of Resolved Complaints | 89.01% | 66.67% |
| Non-Actionable Complaints | 11 | 4 |
| % of Non-Actionable Complaints | 6.04% | 19.05% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for SBI Securities and Bajaj Securities.
SBI Securities vs Bajaj Securities — Detailed Comparison of Transaction Charges
| Transaction Charges | SBI Securities | Bajaj Securities |
|---|---|---|
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Future | ||
| Equity Option | ||
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | ||
| Currency Option |
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 Bajaj Securities — Detailed Comparison of Hidden / Other Charges
| Charge | SBI Securities | Bajaj Securities |
|---|---|---|
| SEBI Turnover Charges | ||
| DP Charges | ||
| GST | ||
| 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. Bajaj Securities lists account opening charges of Free and Demat AMC of Free.
SBI Securities vs Bajaj Securities — Detailed Comparison of Demat Charges
| Demat Charges | SBI Securities | Bajaj Securities |
|---|---|---|
| Account Opening Charges | Rs.850 | Free |
| Annual Maintenance Charges (AMC) | Rs.750 | 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 Bajaj Securities — Comparative Analysis of STT and CTT Charges
| STT & CTT | SBI Securities | Bajaj Securities |
|---|---|---|
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Future | ||
| Equity Option | ||
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | ||
| Currency Option |
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 Bajaj Securities — Comparison of Stamp Duty Charges
| Stamp Duty | SBI Securities | Bajaj Securities |
|---|---|---|
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Future | ||
| Equity Option | ||
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | ||
| Currency Option |