Chittorgarh.com Logo
Loading...

ICICIdirect Vs IDBI Capital NRI Account Comparison

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

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

Our ICICI Securities Pvt Ltd. comparison with IDBI Capital Markets and Securities Ltd highlights the major differences between two brokers. Find the best between ICICIdirect and IDBI Capital NRI Account.

Expand

ICICIdirect Vs IDBI Capital

  ICICIdirect IDBI Capital
 
  ICICI Securities Pvt Ltd. Logo IDBI Capital Markets and Securities 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. IDBI Bank, a leading private bank in India, offers a wide range of investment options to NRIs through a 3-in-1 account. IDBI Bank offers banking, loans, capital market, PMS, etc. services to NRIs. With the IDBI Bank PIS account, NRIs can buy/sell sha... Know more about IDBI Capital Markets and Securities Ltd
Account Type NRI Account NRI Trading
Open ICICIdirect AccountEnquire IDBI Capital

Expand

ICICIdirect Vs IDBI Capital Charges

  ICICIdirect IDBI Capital
NRI Account Opening Fees ₹4000 ₹1500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) NIL
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 450
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open ICICIdirect AccountEnquire IDBI Capital

Expand

ICICIdirect Vs IDBI Capital NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account IDBI Capital NRI Trading
Equity Delivery 0.50% - 1.25% 0.50%
Equity Futures 0.03% - 0.05%
Equity Options ₹70 to ₹95
Open ICICIdirect AccountEnquire IDBI Capital

Other Charges

Contract Note Reporting Charges
Other Brokerage Charges Processing Charge: ₹75 per transaction
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%
Expand

ICICIdirect Vs IDBI Capital NRI Account Taxes/Fees

  ICICIdirect IDBI Capital
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.

Expand

ICICIdirect Vs IDBI Capital NRI Account Margin

  ICICIdirect Margin IDBI Capital 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.


Expand

ICICIdirect and IDBI Capital NRI Account Features

  ICICIdirect IDBI Capital
3-in-1 Account Yes Yes
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
Open ICICIdirect AccountEnquire IDBI Capital

Expand

ICICIdirect Vs IDBI Capital NRI Account Review

  ICICIdirect Review IDBI Capital Review
  457 Customer Reviews    Rate ICICIdirect 40 Customer Reviews    Rate IDBI Capital
Fees 2.2 3.2
Brokerage 1.7 2.6
Trading Platform 3.3 2.6
Customer Service 2.7 2.8
Overall Rating Rated 2.4 stars Rated 2.7 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 457 customer reviews IDBI Capital is Rated 2.7 / 5 based on 40 customer reviews
Open ICICIdirect AccountEnquire IDBI Capital

Expand

Contact Broker / Request A Call Back

  ICICIdirect Enquire IDBI Capital 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....
*

ICICIdirect Vs IDBI Capital NRI Investment Options

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

Expand

ICICIdirect Vs IDBI Capital NRI Customer Service

  ICICIdirect IDBI Capital
Customer Care Number +91-22-28307780 1800-22-3366, 022-3913 5001
Customer Care Email nri@icicidirect.com custcare@idbidirect.in
Open ICICIdirect AccountEnquire IDBI Capital

Expand

ICICIdirect Vs IDBI Capital Order Type Offered for NRI Account

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

Expand

ICICIdirect Vs IDBI Capital - NRI Account Advantages and Disadvantages

  ICICIdirect IDBI Capital
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.
  • Offers 3-in-1 accounts which makes the trading experience fast and smooth.
  • Provides research and recommendation tips.
  • Offers instant online account opening facility.
  • Works as a custodial to settle equity derivatives trades for NRIs.
  • Offers in-house mutual funds under different segments.
  • After Market Order (AMO) facility.
  • Equity SIP is available.
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.
  • Brokerage charges are comparatively higher than discount brokers.
  • Online trading is not available to USA and Canada based NRIs.
  • Offers comparatively lower interest rates on NRI savings bank account.
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.

IDBI is a full-service broker offering a range of investment options to NRIs. IDBI NRI 3-in-1 Account makes stock market investment simple and hassle-free. NRIs also get RM assistance and investment advice from experts. It has a network across 40+ countries to offer NRI services. The broker also works as a custodian for trade clearance and settlement which reduces the extra cost for NRIs. IDBI is recommended for NRIs who are a casual investor and prefer convenience over the trading costs.

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

Open ICICIdirect AccountEnquire IDBI Capital
Compare ICICIdirect Compare IDBI Capital
Compare More Brokers: