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ICICIdirect Vs Aditya Birla Money NRI Account Comparison

The side-by-side comparison of ICICIdirect and Aditya Birla Money NRI Account. Compare ICICIdirect Vs Aditya Birla Money NRI Account brokerage charges, exposure margin, demat account and AMC. Read Aditya Birla Money and ICICIdirect NRI Account reviews.

Find out ICICIdirect Vs Aditya Birla Money which is better NRI Trading Account. See ICICIdirect Vs Aditya Birla Money which is best NRI Demat Account.

Our ICICI Securities Pvt Ltd. comparison with Aditya Birla Money Ltd highlights the major differences between two brokers. Find the best between ICICIdirect and Aditya Birla Money NRI Account.

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ICICIdirect Vs Aditya Birla Money

  ICICIdirect Aditya Birla Money
 
  ICICI Securities Pvt Ltd. Logo Aditya Birla Money Ltd Logo
About the Broker ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... Know more about ICICI Securities Pvt Ltd. Aditya Birla Capital Limited (ABCL) is a well-known financial services company offering trading, insurance, and mutual funds, etc. to non-resident Indians. Aditya Birla Money Ltd (ABML), a subsidiary of Aditya Birla Capital, offers stock broking serv... Know more about Aditya Birla Money Ltd
Account Type NRI Account
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ICICIdirect Vs Aditya Birla Money Charges

  ICICIdirect Aditya Birla Money
NRI Account Opening Fees ₹4000 ₹750
NRI Account AMC ₹0 ₹450
NRI Demat Account Opening Fees Rs 0 (Free) Nil
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 436
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Aditya Birla Money NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account Aditya Birla Money
Equity Delivery 0.50% - 1.25%
Equity Futures 0.03% - 0.05%
Equity Options ₹70 to ₹95
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Other Charges

Contract Note Reporting Charges ₹25 for BSE | ₹50 for NSE
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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ICICIdirect Vs Aditya Birla Money NRI Account Taxes/Fees

  ICICIdirect Aditya Birla Money
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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ICICIdirect Vs Aditya Birla Money NRI Account Margin

  ICICIdirect Margin Aditya Birla Money 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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ICICIdirect and Aditya Birla Money NRI Account Features

  ICICIdirect Aditya Birla Money
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes No
Other Features
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ICICIdirect Vs Aditya Birla Money NRI Account Review

  ICICIdirect Review Aditya Birla Money Review
  457 Customer Reviews    Rate ICICIdirect 23 Customer Reviews    Rate Aditya Birla Money
Fees 2.2 3.1
Brokerage 1.7 3.0
Trading Platform 3.3 3.0
Customer Service 2.7 2.8
Overall Rating Rated 2.4 stars Rated 2.8 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 457 customer reviews Aditya Birla Money is Rated 2.8 / 5 based on 23 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Aditya Birla Money Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Leave your contact information and we will get in touch with you....
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ICICIdirect Vs Aditya Birla Money NRI Investment Options

  ICICIdirect Aditya Birla Money
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance

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ICICIdirect Vs Aditya Birla Money NRI Customer Service

  ICICIdirect Aditya Birla Money
Customer Care Number +91-22-28307780 18002707000
Customer Care Email nri@icicidirect.com
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ICICIdirect Vs Aditya Birla Money Order Type Offered for NRI Account

  ICICIdirect Aditya Birla Money
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No

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ICICIdirect Vs Aditya Birla Money - NRI Account Advantages and Disadvantages

  ICICIdirect Aditya Birla Money
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  • Part of Aditya Birla group, a financial services conglomerate
  • Provides a wide range of financial services under one roof
  • Offers research advice and stock recommendations
Cons
  1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  • Doesn't offer a 3-in-1 account and separate account opening increases the paperwork.
  • Doesn't offer an IPO investment option.
  • Robo advisory facility is not available.
Conclusion

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

Aditya Birla Capital is a well-known name when it comes to financial services. However, when it comes to trading & investment services for NRIs it doesn't measure up to its reputation. The company doesn't have a major USP for NRIs. It doesn't offer 3-in-1 accounts. The choices in trading platforms are limited. There are many better options available in the market.

Promo / Offers

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

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