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SBI Securities Vs AxisDirect NRI Account Comparison

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

Find out SBI Securities Vs AxisDirect which is better NRI Trading Account. See SBI Securities Vs AxisDirect which is best NRI Demat Account.

Our SBICAP Securities Ltd comparison with Axis Securities highlights the major differences between two brokers. Find the best between SBI Securities and AxisDirect NRI Account.

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SBI Securities Vs AxisDirect

  SBI Securities AxisDirect
 
  SBICAP Securities Ltd Logo Axis Securities Logo
About the Broker State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist... Know more about SBICAP Securities Ltd Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w... Know more about Axis Securities
Account Type NRI Account NRI Account
Special Offer

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.

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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SBI Securities Vs AxisDirect Charges

  SBI Securities AxisDirect
NRI Account Opening Fees ₹2500 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 350 Rs 650
PIS Account AMC ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

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SBI Securities Vs AxisDirect NRI Account Brokerage Comparison

Account Type SBI Securities NRI Account AxisDirect NRI Account
Equity Delivery 0.75% 0.75%
Equity Futures 0.05%
Equity Options Intraday: 1p per lot, Carry Forward: ₹10 per lot

Other Charges

Contract Note Reporting Charges ₹0
Other Brokerage Charges PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50
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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SBI Securities Vs AxisDirect NRI Account Taxes/Fees

  SBI Securities AxisDirect
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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SBI Securities Vs AxisDirect NRI Account Margin

  SBI Securities Margin AxisDirect 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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SBI Securities and AxisDirect NRI Account Features

  SBI Securities AxisDirect
3-in-1 Account Yes Yes
Automated Trading No No
Free Research And Tips Yes Yes
Other Features

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SBI Securities Vs AxisDirect NRI Account Review

  SBI Securities Review AxisDirect Review
  154 Customer Reviews    Rate SBI Securities 84 Customer Reviews    Rate AxisDirect
Fees 3.1 2.0
Brokerage 2.7 1.8
Trading Platform 2.6 2.6
Customer Service 2.8 2.2
Overall Rating Rated 2.5 stars Rated 2.0 stars
Broker Rating SBI Securities is Rated 2.5 / 5 based on 154 customer reviews AxisDirect is Rated 2.0 / 5 based on 84 customer reviews

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Contact Broker / Request A Call Back

  SBI Securities Enquire AxisDirect Enquire
Contact Broker 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. 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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SBI Securities Vs AxisDirect NRI Investment Options

  SBI Securities AxisDirect
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Derivatives, FD

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SBI Securities Vs AxisDirect NRI Customer Service

  SBI Securities AxisDirect
Customer Care Number +91 22 6153 6900 +91 22 4257 0809
Customer Care Email nri@sbicapsec.com

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SBI Securities Vs AxisDirect Order Type Offered for NRI Account

  SBI Securities AxisDirect
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes

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SBI Securities Vs AxisDirect - NRI Account Advantages and Disadvantages

  SBI Securities AxisDirect
Pros
  1. The largest bank in India with the highest number of branches.
  2. Offer 3 in 1 account for convenient online trading
  3. Free expert recommendations on trading & investments
  4. Assistance from Relationship Managers
  5. SBI securities NRI opening fees are lowest among full-service brokers.
  6. Mutual fund services are available to NRIs who don't have a trading account.
  1. Offers 4-in-1 account for fast trading experience.
  2. Offers online Mutual Fund, IPO and NCD services.
  3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
  4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
  5. Free trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. GTC and AMO orders.
  8. A subsidiary of the reputed Axis Bank.
Cons
  1. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
  2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
  3. Doesn't offer Good-till canceled (GTC) order.
  1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
  2. Axis does not provide online trading facility to USA based NRI clients.
Conclusion

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

Promo / Offers

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

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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