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SMC Global Vs SBI Securities NRI Account Comparison

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

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

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

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SMC Global Vs SBI Securities

  SMC Global SBI Securities
 
  SMC Global Limited Logo SBICAP Securities Ltd Logo
About the Broker SMC Global is a diversified financial service provider offering a wide range of financial products and services to resident and non-resident Indians (NRI) investors. NRIs can invest in Equity, Debt, Derivatives and Real Estate Funds with SMC. NRIs ca... Know more about SMC Global Limited 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
Account Type NRI Account NRI Account
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SMC Global Vs SBI Securities Charges

  SMC Global SBI Securities
NRI Account Opening Fees ₹1000 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 499 Rs 0
NRI Demat Account AMC Rs 300 Rs 350
PIS Account AMC NA ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs SBI Securities NRI Account Brokerage Comparison

Account Type SMC Global NRI Account SBI Securities NRI Account
Equity Delivery 0.50% 0.75%
Equity Futures 0.05%
Equity Options ₹75 per lot
Enquire SMC GlobalEnquire SBI Securities

Other Charges

Contract Note Reporting Charges NA ₹0
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20
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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SMC Global Vs SBI Securities NRI Account Taxes/Fees

  SMC Global SBI 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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SMC Global Vs SBI Securities NRI Account Margin

  SMC Global Margin SBI 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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SMC Global and SBI Securities NRI Account Features

  SMC Global SBI Securities
3-in-1 Account No Yes
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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SMC Global Vs SBI Securities NRI Account Review

  SMC Global Review SBI Securities Review
  30 Customer Reviews    Rate SMC Global 147 Customer Reviews    Rate SBI Securities
Fees 3.8 3.2
Brokerage 3.7 2.7
Trading Platform 3.9 2.6
Customer Service 4.0 2.8
Overall Rating Rated 4.0 stars Rated 2.6 stars
Broker Rating SMC Global is Rated 4.0 / 5 based on 30 customer reviews SBI Securities is Rated 2.6 / 5 based on 147 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Enquire SBI Securities Enquire
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SMC Global Vs SBI Securities NRI Investment Options

  SMC Global SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance Derivatives, FD

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SMC Global Vs SBI Securities NRI Customer Service

  SMC Global SBI Securities
Customer Care Number +91-11-25754371, 91- 9650988009 +91 22 6153 6900
Customer Care Email nridesk@smcindiaonline.com nri@sbicapsec.com
Enquire SMC GlobalEnquire SBI Securities

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SMC Global Vs SBI Securities Order Type Offered for NRI Account

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

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SMC Global Vs SBI Securities - NRI Account Advantages and Disadvantages

  SMC Global SBI Securities
Pros
  • NRIs doesn't require separate Custodial Account to trade in Equity Derivatives as SMC is a registered clearing member who can get CP code for and clear the trades. This offers a huge saving for NRIs.
  • Provides research and recommendation tips based on technical analysis.
  • NRIs can trade and invest through mobile, software and web browser
  • Dedicated relationship manager to assist the NRIs in account opening to investing process.
  • SMC is a full-service broker offering a wide range of products and services.
  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.
Cons
  • Offers NRI trading services only to NRIs who have bank accounts with Yes, Axis, HDFC, Indusind, or Federal Bank account holders.
  • It offers 2-in-1 account means NRIs have to open an NRI bank account and PIS with other banks. It also means that they have to transfer funds in their PIS account before trading.
  • Good Till Date/Time (GTD) and Good Till Cancelled (GTC) orders are not available.
  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.
Conclusion

SMC comes across as a good choice for NRI investors who are looking for a company that offers a wide range of financial products under one roof and investment recommendations. The broker offers a good online trading platform. It also provides wealth management services to NRIs. It has a corporate office in Dubai which makes it easy for NRIs residing in the city to avail various services through branch visits. The brokerage charges of SMC Global are high in comparison to discount stock brokers.

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.

Promo / Offers
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