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Geojit Vs Finvasia NRI Account Comparison

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

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

Our Geojit BNP Paribas comparison with Finvasia Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Geojit and Finvasia NRI Account.

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Geojit Vs Finvasia

  Geojit Finvasia
 
  Geojit BNP Paribas Logo Finvasia Securities Pvt Ltd Logo
About the Broker 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 Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt Ltd
Account Type NRI Account
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Geojit Vs Finvasia Charges

  Geojit Finvasia
NRI Account Opening Fees ₹199
NRI Account AMC ₹0
NRI Demat Account Opening Fees NIL Rs 0 (Free)
NRI Demat Account AMC Rs 700 Rs 0 per year (Lifetime Zero AMC)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire GeojitEnquire Finvasia

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Geojit Vs Finvasia NRI Account Brokerage Comparison

Account Type Geojit Finvasia NRI Account
Equity Delivery ₹0
Equity Futures ₹0
Equity Options ₹0
Enquire GeojitEnquire Finvasia

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges ₹0
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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Geojit Vs Finvasia NRI Account Taxes/Fees

  Geojit Finvasia
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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Geojit Vs Finvasia NRI Account Margin

  Geojit Margin Finvasia 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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Geojit and Finvasia NRI Account Features

  Geojit Finvasia
3-in-1 Account No No
Automated Trading No Yes
Free Research And Tips Yes No
Other Features
Enquire GeojitEnquire Finvasia

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Geojit Vs Finvasia NRI Account Review

  Geojit Review Finvasia Review
  102 Customer Reviews    Rate Geojit 45 Customer Reviews    Rate Finvasia
Fees 3.6 4.8
Brokerage 3.3 4.9
Trading Platform 4.0 3.5
Customer Service 3.8 4.3
Overall Rating Rated 3.7 stars Rated 4.5 stars
Broker Rating Geojit is Rated 3.7 / 5 based on 102 customer reviews Finvasia is Rated 4.5 / 5 based on 45 customer reviews
Enquire GeojitEnquire Finvasia

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Contact Broker / Request A Call Back

  Geojit Enquire Finvasia Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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Geojit Vs Finvasia NRI Investment Options

  Geojit Finvasia
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options

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Geojit Vs Finvasia NRI Customer Service

  Geojit Finvasia
Customer Care Number +91 0484 3911777 +91 172 667 0000
Customer Care Email customercare@geojit.com contactus@finvasia.com
Enquire GeojitEnquire Finvasia

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Geojit Vs Finvasia Order Type Offered for NRI Account

  Geojit Finvasia
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No

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Geojit Vs Finvasia - NRI Account Advantages and Disadvantages

  Geojit Finvasia
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.
  • Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
Cons
  • 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.
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
Conclusion

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.

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

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