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Geojit Vs IIFL Securities NRI Account Comparison

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

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

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

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Geojit Vs IIFL Securities

  Geojit IIFL Securities
 
  Geojit BNP Paribas Logo IIFL Securities 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 IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd
Account Type NRI Account
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Geojit Vs IIFL Securities Charges

  Geojit IIFL Securities
NRI Account Opening Fees ₹750
NRI Account AMC ₹400 + GST
NRI Demat Account Opening Fees NIL Rs 0
NRI Demat Account AMC Rs 700 Rs 250 (Free for 1st year)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Geojit Vs IIFL Securities NRI Account Brokerage Comparison

Account Type Geojit IIFL Securities NRI Account
Equity Delivery 0.50%
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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Geojit Vs IIFL Securities NRI Account Taxes/Fees

  Geojit IIFL 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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Geojit Vs IIFL Securities NRI Account Margin

  Geojit Margin IIFL 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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Geojit and IIFL Securities NRI Account Features

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

  Geojit Review IIFL Securities Review
  102 Customer Reviews    Rate Geojit 120 Customer Reviews    Rate IIFL Securities
Fees 3.6 2.8
Brokerage 3.3 2.6
Trading Platform 4.0 3.2
Customer Service 3.8 2.7
Overall Rating Rated 3.7 stars Rated 2.7 stars
Broker Rating Geojit is Rated 3.7 / 5 based on 102 customer reviews IIFL Securities is Rated 2.7 / 5 based on 120 customer reviews
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Contact Broker / Request A Call Back

  Geojit Enquire IIFL Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
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Geojit Vs IIFL Securities NRI Investment Options

  Geojit IIFL Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Geojit Vs IIFL Securities NRI Customer Service

  Geojit IIFL Securities
Customer Care Number +91 0484 3911777 +91 22 4007 1000
Customer Care Email customercare@geojit.com cs@iifl.com
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Geojit Vs IIFL Securities Order Type Offered for NRI Account

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

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Geojit Vs IIFL Securities - NRI Account Advantages and Disadvantages

  Geojit IIFL Securities
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.
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
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.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
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.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

Promo / Offers

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Enquire GeojitOpen IIFL Securities Account

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