The side-by-side comparison of Geojit and Trustline NRI Account. Compare Geojit Vs Trustline NRI Account brokerage charges, exposure margin, demat account and AMC. Read Trustline and Geojit NRI Account reviews.
Find out Geojit Vs Trustline which is better NRI Trading Account. See Geojit Vs Trustline which is best NRI Demat Account.
Our Geojit BNP Paribas comparison with Trustline Securities Ltd highlights the major differences between two brokers. Find the best between Geojit and Trustline NRI Account.
Geojit | Trustline | |
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NRI Account Opening Fees | ₹0 | |
NRI Account AMC | ₹1000 + GST | |
NRI Demat Account Opening Fees | NIL | Regular: Rs 0, Lifetime Free AMC: Rs 1000 |
NRI Demat Account AMC | Rs 0 | Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 |
PIS Account AMC | NA | |
RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
Geojit | Trustline | |
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Account Type | ||
Equity Delivery | 0.03 (3 paise) | |
Equity Futures | 0.30 (30 paise) | |
Equity Options | ₹75 per lot |
Contract Note Reporting Charges | ₹0 | |
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% |
Geojit | Trustline | |
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Securities Transaction Tax (STT) |
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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. |
Geojit | Trustline | |
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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.
Geojit | Trustline | |
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Contact Broker |
Geojit | Trustline | |
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Pros |
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Cons |
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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. |
Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline. |
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