ICICI Direct Vs SBI Securities NRI Account Comparison

The side-by-side comparison of ICICI Direct and SBI Securities NRI Account. Compare ICICI Direct Vs SBI Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read SBI Securities and ICICI Direct NRI Account reviews.

Find out ICICI Direct Vs SBI Securities which is better NRI Trading Account. See ICICI Direct Vs SBI Securities which is best NRI Demat Account.

Our ICICI Securities Pvt Ltd. comparison with SBICAP Securities Ltd highlights the major differences between two brokers. Find the best between ICICI Direct and SBI Securities NRI Account.

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ICICI Direct Vs SBI Securities

  ICICI Direct SBI Securities
 
ICICI Securities Pvt Ltd. Logo SBICAP 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. State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist... Know more about SBICAP Securities Ltd
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with SBI Securities. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs SBI Securities Charges

  ICICI Direct SBI Securities
NRI Account Opening Fees ₹4000 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹700 ₹350
PIS Account AMC ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICI Direct Vs SBI Securities NRI Account Brokerage Comparison

Brokerage Plan

  ICICI Direct SBI Securities
Account Type NRI Account NRI Account
Equity Delivery 0.50% - 1.25% 0.75%
Equity Futures 0.03% - 0.05%
Equity Options ₹70 to ₹95

Other Charges

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%
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ICICI Direct Vs SBI Securities NRI Account Taxes/Fees

  ICICI Direct SBI Securities
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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ICICI Direct Vs SBI Securities NRI Account Exposure Margin

  ICICI Direct SBI Securities
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
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ICICI Direct and SBI Securities NRI Account Feature Comparison

  ICICI Direct SBI Securities
3-in-1 Account Yes Yes
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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ICICI Direct Vs SBI Securities NRI Account Review

  ICICI Direct SBI Securities
  422 Customer Reviews    Rate ICICI Direct 133 Customer Reviews    Rate SBI Securities
Fees 2.3 3.2
Brokerage 1.7 2.8
Trading Platform 3.4 2.6
Customer Service 2.7 2.8
Overall Rating Rated 2.4 stars Rated 2.6 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 422 customer reviews SBI Securities is Rated 2.6 / 5 based on 133 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct SBI Securities
Contact Broker
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ICICI Direct Vs SBI Securities NRI Investment Options

  ICICI Direct SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance Derivatives, FD
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ICICI Direct Vs SBI Securities NRI Customer Service

  ICICI Direct SBI Securities
Customer Care Number +91-22-28307780 +91 22 6153 6900
Customer Care Email nri@icicidirect.com nri@sbicapsec.com
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ICICI Direct Vs SBI Securities Order Type Offered for NRI Account

  ICICI Direct SBI Securities
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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ICICI Direct Vs SBI Securities - NRI Account Advantages and Disadvantages

  ICICI Direct SBI Securities
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.
  1. The largest bank in India with the highest number of branches.
  2. Offer 3 in 1 account for convenient online trading
  3. Free expert recommendations on trading & investments
  4. Assistance from Relationship Managers
  5. SBI securities NRI opening fees are lowest among full-service brokers.
  6. Mutual fund services are available to NRIs who don't have a trading account.
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.
  1. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
  2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
  3. Doesn't offer Good-till canceled (GTC) order.
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.

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.

Promo / Offers
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ICICI Direct Vs SBI Securities - More Reviews

  ICICI Direct SBI Securities
NRI Trading Review ICICI Direct NRI Account Review SBI Securities NRI Account Review
Enquire ICICI Direct Enquire SBI Securities
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