5paisa Vs Geojit NRI Account Comparison

The side-by-side comparison of 5paisa and Geojit NRI Account. Compare 5paisa Vs Geojit NRI Account brokerage charges, exposure margin, demat account and AMC. Read Geojit and 5paisa NRI Account reviews.

Find out 5paisa Vs Geojit which is better NRI Trading Account. See 5paisa Vs Geojit which is best NRI Demat Account.

Our 5paisa Capital Ltd comparison with Geojit BNP Paribas highlights the major differences between two brokers. Find the best between 5paisa and Geojit NRI Account.

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5paisa Vs Geojit

  5paisa Geojit
 
5paisa Capital Ltd Logo Geojit BNP Paribas Logo
About the Broker 5paisa does not offer NRI trading and demat account. As per the company representative on 22nd July 2019, "We wish to inform you that currently we are not offering our services to NRIs, only Resident Indians can open an account with us. ... Know more about 5paisa Capital Ltd Geojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ... Know more about Geojit BNP Paribas
Account Type NA
Broker Enquiry Open an Online Trading Account with 5paisa. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Geojit. Leave your contact info and we will get in touch with you.
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5paisa Vs Geojit Charges

  5paisa Geojit
NRI Account Opening Fees NA
NRI Account AMC NA
NRI Demat Account Opening Fees ₹0 (Free) NIL
NRI Demat Account AMC ₹540 (Free with Subscription Plan) ₹0
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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5paisa Vs Geojit NRI Account Brokerage Comparison

Brokerage Plan

  5paisa Geojit
Account Type NA
Equity Delivery NA
Equity Futures NA
Equity Options NA

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges NA
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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5paisa Vs Geojit NRI Account Taxes/Fees

  5paisa Geojit
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges ₹15 per Crore ₹15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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5paisa Vs Geojit NRI Account Exposure Margin

  5paisa Geojit
Equity Delivery
Equity Futures
Equity Options
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5paisa and Geojit NRI Account Feature Comparison

  5paisa Geojit
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No Yes
Other Features
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5paisa Vs Geojit NRI Account Review

  5paisa Geojit
  59 Customer Reviews    Rate 5paisa 97 Customer Reviews    Rate Geojit
Fees 3.1 3.7
Brokerage 3.9 3.3
Trading Platform 2.8 4.1
Customer Service 2.2 3.8
Overall Rating Rated 2.9 stars Rated 3.8 stars
Broker Rating 5paisa is Rated 2.9 / 5 based on 59 customer reviews Geojit is Rated 3.8 / 5 based on 97 customer reviews
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Contact Broker / Request A Call Back

  5paisa Geojit
Contact Broker
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5paisa Vs Geojit NRI Investment Options

  5paisa Geojit
Stocks No Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Other Investment Options
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5paisa Vs Geojit NRI Customer Service

  5paisa Geojit
Customer Care Number NA +91 0484 3911777
Customer Care Email NA customercare@geojit.com
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5paisa Vs Geojit Order Type Offered for NRI Account

  5paisa Geojit
Bracket Order No
Cover Order No
After Market Order(AMO) No
Good Till Cancelled (GTC) No
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5paisa Vs Geojit - NRI Account Advantages and Disadvantages

  5paisa Geojit
Pros
  • 30+ years of experience in the capital market in India.
  • Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
  • Dedicated research team offers investment and research tips to NRIs.
  • Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
Cons
  • 5paisa does not offer NRI trading and demat account.
  • NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
  • Doesn't offer services to the US, UK, Australia or Canada based NRIs.
  • Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
  • High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
Conclusion

5paisa, the 2nd largest discount stock broker in India, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with 5paisa, you have to close it and open a new account with another broker who offers NRI services.

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.

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