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Demat account opened through SBI YONO app, no fee to be paid

SBI Yono Demat Account Opening: To trade in the stock market, the investor must have a demat account. Along with this, a trading account is also necessary. You have to pay a fee for opening a demat account. But, State Bank of India is offering its customers to open demat account free of cost through its mobile app SBI YONO app. Also, the account holder will not have to pay any AMC charge in the first year.

State Bank of India has informed about this offer through its official Twitter handle. The bank said in a tweet, ‘Open your first Demat account and trading account through SBI’s YONO app. You will not have to pay any charges on demat account and first year DP AMC.

Open Demat Account through SBI Yono App like this-

    • To open a demat account, all you have to do is login to the app.
    • After this you will see the menu, click on the left site.
    • Drop menu will open.
    • Click on Invest option.
    • Click on Open Demat And Trading Account option.
    • Then open the account through SBICap Securities.
    • Enter all the requested information.
    • Your demat account will bloom.

what is demat account
If you are planning to invest in mutual funds, stock market, bonds etc. then you need a demat and trading account to invest in all these. Through this account, investors can participate in trading without any hassle.

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