II Floor, C Wing, Mafatlal Chambers, N.M.Joshi Marg, Lower Parel, Mumbai, Maharashtra 400013
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SBI Securities is a bank-based full-service stockbroker in India and is known for its research. You can read the full SBI Securities Review here…
SBI Securities Complaints
Here is a quick snap-shot of the complaints raised by its client base over the last few years along with the number of complaints resolved by the broker in each financial year.
As shown above, this is the break up of the complaints received by the broker and resolved at the same time.
For the year 2015, SBI Securities complaints were 78 and it was able to resolve 100% of the complaints.
For the year 2016, SBI Securities complaints were 88 and it was able to resolve 100% of the complaints.
For the year 2017, SBI Securities complaints were 42 and it was able to resolve 88% of the complaints while the rest 12% remain unresolved.
SBI Securities complaints Vs Industry
When it comes to comparing SBI Securities with the Industry Average in terms of the number of complaints per 10,000 clients, then this is how the broker stands against the industry average:
In other words, SBI Securities gets less than half the complaints as far as Industry standards are concerned with SBI Securities getting complaints from 0.06% of its active client base while the Industry average is 0.11%.
If you have had any good or bad experiences with the broker, feel free to share in the comments section below and help your fellow traders to make a decision to go ahead with SBI Securities as a stockbroker or no.