SHCIL Services Reviews 2022: SHCIL services limited (SSL) also know as stock Holding Corporation of India Limited is a SEBI registered Corporate Stock Broker providing safe & reliable services to all institutional & retail clients across length & breadth of the country.
SSL offers services in both Cash & F&O segment of BSE & NSE & Currency Derivatives segment of NSE. SSL started broking operations in July 2006. It has a large client base in retail segment. It has also wide clientele in institutional segment comprising leading domestic institutional investors, including Mutual Funds, Insurance Companies, Banks & other Financial Institutions.
SSL strength lies in the operational synergies & leverage of the parent company Stock Holding Corporation of India Ltd. SHCIL which was incorporated at the special initiative of the Government of India as a public limited company in 1986 & is jointly promoted & owned by the all India banks & financial institutions, viz., IFCI Ltd, LIC, SU-UTI, GIC, NIA, NIC, UIC & TOICL. SSL is a broking arm of SHCIL.shcil services online trading, shcil services reviews.
| Website. | www.shcilservices.com |
| Demat Account. | NSDL/CDSL |
| Trading Exchanges. | NSE, BSE, MCX, NCDEX. |
| Broker Type. | Full Service Broker. |
SHCIL Services Reviews for Account Opening Charges.
| Trading Account. | Rs.0 |
| Demat account. | Rs. 0 |
| Commodity Account. | No Info. |
| Trading Annual maintenance charges (AMC). | Rs 350 |
SHCIL Brokerage Charges.
| SEGMENT | BROKERAGE |
|---|---|
| Equity (Intraday). | 0.12% for Intraday – Negotiable. |
| Equity (Delivery). | 0.55% for Delivery – Negotiable. |
| Equity Futures. | 0.05% of Turnover – Negotiable. |
| Equity Options. | Rs. 100/lot – Negotiable. |
| Currency Futures. | 0.05% of Turnover- Negotiable. |
| Currency Options. | Rs. 100/lot- Negotiable. |
| Commodity. | Not Available. |
Margins or Leverage.
| SEGMENT | MARGINS |
|---|---|
| Equity (Intraday). | Upto 8 times Intraday. |
| Equity (Delivery). | 4 times for Delivery. |
| Equity Futures. | No Leverage. |
| Equity Options. | No Leverage. |
| Currency Futures. | No Leverage. |
| Currency Options. | No Leverage. |
| Commodity. | Not Avaialble. |
Trading Platforms orSoftware.
| Trading Platform or Software. | YES. |
| Web based. | YES. |
| Mobile Application. | No Info. |
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SHCIL Services Reviews for Some Useful Services.
| Online Trade Reports. | YES. |
| Online PNL Reports. | YES. |
| Intraday Chart Facility. | Not Available. |
| End of Day Chart Facility. | Not Available. |
| 3 in 1 Account. | YES. |
| Instant Fund withdrawal. | YES. |
| Relationship Managers. | YES. |
SHCIL Services Useful Details.
| Price (Broker Type). | Percentage Based. |
| Headquarters City (Head Office). | Navi Mumbai(Maharashtra). |
| Total Branches (Presence). | No Info. |
| Research & Tips. | Yes Research Provided. |
| Total Experience in Broking. | 9 Years of experience. |
| Year of Incorporation. | 2006 |
Client Info & NRI Account opining Regulations.
| Current Active Client Base? | No Info. |
| NRI Account Opining Allowed Or Not. | YES, It is Allowed. |
SHCIL Services Reviews for Fund Transfers Service.
| Number of bank linked to account. | 2+. |
| Mode of payment (Withdraw &Deposit). | Online, NEFT/RTGS, payment Gateway. |
| Fund Payin processing time . | Instant by payment Gateway. |
| Fund Payout processed (Working Days). | 1 Day. |
Turnover & Other Charges.
| Equity (Cash & Delivery) Turnover charges. | 0.00275% of Turnover. |
| Equity Futures Turnover charges. | 0.0019% of Turnover. |
| Equity Options Turnover charges. | 0.051% of Premium Turnover. |
| Currency Futures Turnover charges. | NA. |
| Currency Options Turnover charges. | NA. |
| Commodities Turnover charges. | NA. |
| Dial & Trade charges. | Rs.0. |
| DP Transaction charge. | 0.05% of Debit transaction (Minimum: Rs 35). |
Support& Tools Available.
| Brokerage calculator. | Not Available. |
| Margin Calculator. | Not Available. |
| Bracket orders & Trailing stoploss. | YES. |
| Cover order. | YES. |
| User guide & remote end support. | Not Available. |
Reports & Confirmation.
| Contract notes on Email. | Yes (Register Email ID). |
| Contract notes online. | Yes (Register Email ID). |
| Periodical statement on Email. | Yes (Register Email ID). |
| Trade confirmation on Email. | Yes (Register Email ID). |
| Trade confirmation on SMS. | Yes. |
Additional Features.
| Charting (Intraday & EOD). | YES. |
| Coding or Backtesting (Algo Trading). | Not Available. |
| Referral program (Affiliate). | Not Available. |
| Training & Education. | Not Available. |
| Online trading community. | Not Available. |
SHCIL Services Review for Customer Care Services.
| Contact Details. | Registered Office. SHCIL Services Ltd., SHCIL House, Plot No.P-51, TTC Industrial Area, MIDC, Mahape, Navi Mumbai – 400710 |
| Call. | Operations Support Desk Tel. No.: (022) 61778600 Extn.: 8629 / 8643 / 8649 / 8660 FAX : 022-61778648Online Trading Desk Toll Free Number : 1800-228-650 Tel. No. (022) 61778600 Extn.: 8628 / 8618 Technical Support Desk Tel. No.: (022) 61778600 Extn.: 5332 / 8632 / 8634 |
| Email. | [email protected] |
| Complaints or Grievances. | Investor Grievance: [email protected] Suggestions & Feedback: [email protected] |
SHCIL Services Review & Ratings
On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for SHCIL Services.
| Summary | Ratings |
|---|---|
| Customer Experience | 4 / 5 |
| Trading Platform / Mobile APP | 4 / 5 |
| Services | 4 / 5 |
| Brokerage Charges | 5 / 5 |
| Fund Add / Withdrawal | 5 / 5 |
| Overall Rating | 4 / 5 |
| Star Rating | ★★★★ |
| Review Counts | 125 |
Sebi Registration.
| SEBI registration no : BSE: INB011253839. |
| NSE F&O: INF231253833. |
| NSE Cash: INB231253833. |
| PMS:IN000001876. |
| CIN NO: U65990MH1995GOI085602. |
More Useful Article
Brokerage charges are quite high as compared to others.Annual maintt. Charges of demat account are also high.
Service is satisfactory.
I purchase larsen 20 share @ of 1287.95 when I received email it shows me @ 1295.03 after brokerage. I was shocked. Is there any cheaper treading co? Can I closed account?
I changed to Zerodha. Here brokerage is nil enquiry delivery / purchase. Very happy with Zerodha.
Sir, for selling also u have 2 pay the same charges.