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5paisa Vs Kotak Securities NRI Account Comparison

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

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

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

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5paisa Vs Kotak Securities

  5paisa Kotak Securities
 
  5paisa Capital Ltd Logo Kotak Securities Ltd 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 Kotak Securities is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak securities NRI account (NRI 3-in-1 accoun... Know more about Kotak Securities Ltd
Account Type NA NRI Account
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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5paisa Vs Kotak Securities Charges

  5paisa Kotak Securities
NRI Account Opening Fees NA ₹3750
NRI Account AMC NA ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 300 Rs 600
PIS Account AMC NA ₹1000
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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5paisa Vs Kotak Securities NRI Account Brokerage Comparison

Account Type 5paisa NA Kotak Securities NRI Account
Equity Delivery NA 1.00%
Equity Futures NA 1.00%
Equity Options NA 1.00%
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Other Charges

Contract Note Reporting Charges NA ₹0
Other Brokerage Charges NA Average Quarterly Balance: ₹10000
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 Kotak Securities NRI Account Taxes/Fees

  5paisa Kotak Securities
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 0.00005% (₹5/Crore) 0.00005% (₹5/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 Kotak Securities NRI Account Margin

  5paisa Margin Kotak Securities Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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5paisa and Kotak Securities NRI Account Features

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

  5paisa Review Kotak Securities Review
  91 Customer Reviews    Rate 5paisa 180 Customer Reviews    Rate Kotak Securities
Fees 2.9 2.4
Brokerage 3.6 2.3
Trading Platform 2.8 3.2
Customer Service 2.1 2.8
Overall Rating Rated 2.6 stars Rated 2.4 stars
Broker Rating 5paisa is Rated 2.6 / 5 based on 91 customer reviews Kotak Securities is Rated 2.4 / 5 based on 180 customer reviews
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Contact Broker / Request A Call Back

  5paisa Enquire Kotak Securities Enquire
Contact Broker FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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5paisa Vs Kotak Securities NRI Investment Options

  5paisa Kotak Securities
Stocks No Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Other Investment Options

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5paisa Vs Kotak Securities NRI Customer Service

  5paisa Kotak Securities
Customer Care Number NA 022 6689 6000, 022 6652 9191
Customer Care Email NA nricustomerservice@kotak.com
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5paisa Vs Kotak Securities Order Type Offered for NRI Account

  5paisa Kotak Securities
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No Yes

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5paisa Vs Kotak Securities - NRI Account Advantages and Disadvantages

  5paisa Kotak Securities
Pros
  1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
  2. Part of the reputed Kotak group
  3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
  4. AMO and GTC order types make it easy for NRIs to place orders at any time.
  5. A dedicated research team for expert advice and recommendations
  6. Offers a range of advanced online trading platforms and tools.
  7. Offers online mutual fund, IPO and NCD investment facility.
Cons
  • 5paisa does not offer NRI trading and demat account.
  1. The brokerage charges are higher in comparison to discount stock brokers like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.
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.

Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRI's through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.

Promo / Offers

5paisa Special Offer

5paisa.com Limited Time Offer - Free Account Opening (Rs 650 waived)

Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 20 per order.

Open Online Account Now! and start trading today.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
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