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ICICIdirect Vs SBI Securities NRI Account Comparison

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

Find out ICICIdirect Vs SBI Securities which is better NRI Trading Account. See ICICIdirect 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 ICICIdirect and SBI Securities NRI Account.

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ICICIdirect Vs SBI Securities

  ICICIdirect 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
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ICICIdirect Vs SBI Securities Charges

  ICICIdirect SBI Securities
NRI Account Opening Fees ₹4000 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 350
PIS Account AMC ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs SBI Securities NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account SBI Securities NRI Account
Equity Delivery 0.50% - 1.25% 0.75%
Equity Futures 0.03% - 0.05%
Equity Options ₹70 to ₹95
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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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ICICIdirect Vs SBI Securities NRI Account Taxes/Fees

  ICICIdirect 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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ICICIdirect Vs SBI Securities NRI Account Margin

  ICICIdirect Margin SBI Securities 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 SBI Securities NRI Account Features

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

  ICICIdirect Review SBI Securities Review
  457 Customer Reviews    Rate ICICIdirect 147 Customer Reviews    Rate SBI Securities
Fees 2.2 3.2
Brokerage 1.7 2.7
Trading Platform 3.3 2.6
Customer Service 2.7 2.8
Overall Rating Rated 2.4 stars Rated 2.6 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 457 customer reviews SBI Securities is Rated 2.6 / 5 based on 147 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire SBI Securities 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 SBI Securities NRI Investment Options

  ICICIdirect 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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ICICIdirect Vs SBI Securities NRI Customer Service

  ICICIdirect 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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ICICIdirect Vs SBI Securities Order Type Offered for NRI Account

  ICICIdirect 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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ICICIdirect Vs SBI Securities - NRI Account Advantages and Disadvantages

  ICICIdirect 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

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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