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ICICIdirect Vs Beeline NRI Account Comparison

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

Find out ICICIdirect Vs Beeline which is better NRI Trading Account. See ICICIdirect Vs Beeline which is best NRI Demat Account.

Our ICICI Securities Pvt Ltd. comparison with Beeline Broking Limited highlights the major differences between two brokers. Find the best between ICICIdirect and Beeline NRI Account.

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ICICIdirect Vs Beeline

  ICICIdirect Beeline
 
  ICICI Securities Pvt Ltd. Logo Beeline Broking Limited 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. Beeline Broking is an online discount broker offering NRI trading services. The company offers a 2-in-1 account to NRIs to invest in equities, IPOs, mutual funds and bonds. Beeline offers 3rd-party trading software to NRI and resident investors. It ... Know more about Beeline Broking Limited
Account Type NRI Account NRI Account
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ICICIdirect Vs Beeline Charges

  ICICIdirect Beeline
NRI Account Opening Fees ₹4000 ₹876
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Nil
NRI Demat Account AMC Rs 300 (from 2nd year) Zero AMC with one time Rs 876 fee
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Beeline NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account Beeline NRI Account
Equity Delivery 0.50% - 1.25% 0.40%
Equity Futures 0.03% - 0.05% NA
Equity Options ₹70 to ₹95 NA
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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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ICICIdirect Vs Beeline NRI Account Taxes/Fees

  ICICIdirect Beeline
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 Beeline NRI Account Margin

  ICICIdirect Margin Beeline 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 Beeline NRI Account Features

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

  ICICIdirect Review Beeline Review
  460 Customer Reviews    Rate ICICIdirect 2 Customer Reviews    Rate Beeline
Fees 2.2 4.5
Brokerage 1.7 4.5
Trading Platform 3.3 3.0
Customer Service 2.7 3.5
Overall Rating Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 460 customer reviews Beeline is Rated 4.0 / 5 based on 2 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Beeline 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 Beeline NRI Investment Options

  ICICIdirect Beeline
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 Beeline NRI Customer Service

  ICICIdirect Beeline
Customer Care Number +91-22-28307780 079-66664040
Customer Care Email nri@icicidirect.com connect@beelinebroking.com
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ICICIdirect Vs Beeline Order Type Offered for NRI Account

  ICICIdirect Beeline
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No

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ICICIdirect Vs Beeline - NRI Account Advantages and Disadvantages

  ICICIdirect Beeline
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.
  • Offer NSE NOW and ODIN trading platform.
  • Beeline charges lower brokerage than full-service brokers.
  • Provides technical and fundamental analysis.
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 NRI's Equity Derivatives (F&O) trading.
  • Doesn't offer AMO (After Market Order) and GTC (Good Till Cancelled) order.
  • It has only one office which is located at Ahmedabad.
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.

Beeline Broking, an Ahmadabad based online stock broker doesn't provide any details about its NRI services on its website or over the call. The broker doesn't offer the facility to trade and invest in equity derivatives for NRIs. The company doesn't seem interested in NRI clients.

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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