Geojit Vs Karvy NRI Account Comparison

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

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

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

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Geojit Vs Karvy

  Geojit Karvy
 
Geojit BNP Paribas Logo Karvy Stock Broking 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 Karvy has nearly two decades of experience in providing trading and investment services to NRIs. Non-resident Indians can invest in Equity, Equity SIP, Mutual Funds, NPS, NCD, Bonds, Structured Debenture Products and many more. Karvy is among the top... Know more about Karvy Stock Broking Ltd
Account Type NRI E-invest
Broker Enquiry Open an Online Trading Account with Geojit. Leave your contact info and we will get in touch with you.
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Geojit Vs Karvy Charges

  Geojit Karvy
NRI Account Opening Fees ₹2500
NRI Account AMC ₹0
NRI Demat Account Opening Fees NIL ₹0
NRI Demat Account AMC ₹0 ₹420
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Geojit Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  Geojit Karvy
Account Type NRI E-invest
Equity Delivery 0.75%
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Minimum Brokerage: ₹75
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 Karvy NRI Account Taxes/Fees

  Geojit Karvy
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 ₹15 per Crore ₹15 per 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 Karvy NRI Account Exposure Margin

  Geojit Karvy
Equity Delivery
Equity Futures
Equity Options
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Geojit and Karvy NRI Account Feature Comparison

  Geojit Karvy
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features ESOP Trading, PAN Card
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Geojit Vs Karvy NRI Account Review

  Geojit Karvy
  97 Customer Reviews    Rate Geojit 24 Customer Reviews    Rate Karvy
Fees 3.7 2.6
Brokerage 3.3 2.4
Trading Platform 4.1 2.7
Customer Service 3.8 2.2
Overall Rating Rated 3.8 stars Rated 2.0 stars
Broker Rating Geojit is Rated 3.8 / 5 based on 97 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Geojit Karvy
Contact Broker
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Geojit Vs Karvy NRI Investment Options

  Geojit Karvy
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Bonds, Government securities or treasury bills
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Geojit Vs Karvy NRI Customer Service

  Geojit Karvy
Customer Care Number +91 0484 3911777 +91 40 3321 7148
Customer Care Email customercare@geojit.com nridesk@karvy.com
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Geojit Vs Karvy Order Type Offered for NRI Account

  Geojit Karvy
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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Geojit Vs Karvy - NRI Account Advantages and Disadvantages

  Geojit Karvy
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.
  • Over 2 decades of experience offering NRI services.
  • Provides ESOP Trading facility.
  • A dedicated and specialized research team.
  • One-stop solution for trading and investing.
  • A team of relationship managers to provide an assisted trading facility.
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.
  • It doesn't offer a 3-in-1 account. And, NRIs have to open a separate savings bank account and complete the paperwork.
  • Karvy charges turnover based brokerage at 0.75%. The brokerage charges are higher when compared with fixed-fee brokerage charged by discount brokers like Zerodha and Prostocks. The brokerage charged by Prostocks is ₹100 per order.
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.

Karvy is a full-service broker that provides stock, derivatives and mutual fund investment. It has a dedicated research team that provides stock recommendations. The Karvy desktop trading platform facilitates a 3D analysis of the stocks to help the investors in making the right investment decision. Karvy also provides relationship manager (RM) assistance to help the NRIs build a strong investment portfolio as per their risk appetite and financial goals.

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