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Anand Rathi Vs Geojit NRI Account Comparison

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

Find out Anand Rathi Vs Geojit which is better NRI Trading Account. See Anand Rathi Vs Geojit which is best NRI Demat Account.

Our Anand Rathi comparison with Geojit BNP Paribas highlights the major differences between two brokers. Find the best between Anand Rathi and Geojit NRI Account.

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Anand Rathi Vs Geojit

  Anand Rathi Geojit
 
  Anand Rathi Logo Geojit BNP Paribas Logo
About the Broker Anand Rathi provides a wide range of trading and investment services to the resident as well as NRI investors. It offers a 2-in-1 account, combining trading and demat accounts, for NRIs to trade in equity, equity derivatives, mutual funds, and IPOs... Know more about Anand Rathi 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 NRI Account
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Anand Rathi Vs Geojit Charges

  Anand Rathi Geojit
NRI Account Opening Fees
NRI Account AMC
NRI Demat Account Opening Fees Rs 0 NIL
NRI Demat Account AMC Rs 450 from second year onward Rs 700
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Anand Rathi Vs Geojit NRI Account Brokerage Comparison

Account Type Anand Rathi NRI Account Geojit
Equity Delivery
Equity Futures
Equity Options
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Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges
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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Anand Rathi Vs Geojit NRI Account Taxes/Fees

  Anand Rathi 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 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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Anand Rathi Vs Geojit NRI Account Margin

  Anand Rathi Margin Geojit 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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Anand Rathi and Geojit NRI Account Features

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

  Anand Rathi Review Geojit Review
  14 Customer Reviews    Rate Anand Rathi 102 Customer Reviews    Rate Geojit
Fees 3.2 3.6
Brokerage 3.2 3.3
Trading Platform 3.0 4.0
Customer Service 3.4 3.8
Overall Rating Rated 3.1 stars Rated 3.7 stars
Broker Rating Anand Rathi is Rated 3.1 / 5 based on 14 customer reviews Geojit is Rated 3.7 / 5 based on 102 customer reviews
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Contact Broker / Request A Call Back

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Anand Rathi Vs Geojit NRI Investment Options

  Anand Rathi Geojit
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Anand Rathi Vs Geojit NRI Customer Service

  Anand Rathi Geojit
Customer Care Number 0291 666 1001 +91 0484 3911777
Customer Care Email nridesk@rathi.com customercare@geojit.com
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Anand Rathi Vs Geojit Order Type Offered for NRI Account

  Anand Rathi Geojit
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)

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Anand Rathi Vs Geojit - NRI Account Advantages and Disadvantages

  Anand Rathi Geojit
Pros
  • Wide range of online trading platforms
  • Offers research and recommendation tips.
  • Offers Relationship Manager assistance
  • Offers free call & trade facility for NRIs.
  • Can open PIS account with multiple banks.
  • Online Mutual Fund investment is available.
  • 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
  • Charges brokerage in percentage which is higher than most of the discount brokers.
  • It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
  • NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.
  • 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

Anand Rathi is a recommended choice for NRI investors who are ready to pay high brokerage for value-added services like good online trading software, online mutual fund services and research advisory etc. It is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with 3rd party before opening the NRI trading and demat account with the broker.

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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