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IDBI Capital Vs Alice Blue NRI Account Comparison

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

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

Our IDBI Capital Markets and Securities Ltd comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between IDBI Capital and Alice Blue NRI Account.

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IDBI Capital Vs Alice Blue

  IDBI Capital Alice Blue
 
  IDBI Capital Markets and Securities Ltd Logo Alice Blue Financial Services Logo
About the Broker 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 Alice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 2019, ' We wish to inform you that currently, we are not offering our services to NRIs, only Resident Indians can open an account with... Know more about Alice Blue Financial Services
Account Type NRI Trading NA
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.

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IDBI Capital Vs Alice Blue Charges

  IDBI Capital Alice Blue
NRI Account Opening Fees ₹1500 NA
NRI Account AMC ₹0 NA
NRI Demat Account Opening Fees NIL Rs 0
NRI Demat Account AMC Rs 450 Rs 400
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IDBI Capital Vs Alice Blue NRI Account Brokerage Comparison

Account Type IDBI Capital NRI Trading Alice Blue NA
Equity Delivery 0.50% NA
Equity Futures NA
Equity Options NA
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Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Processing Charge: ₹75 per transaction NA
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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IDBI Capital Vs Alice Blue NRI Account Taxes/Fees

  IDBI Capital Alice Blue
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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IDBI Capital Vs Alice Blue NRI Account Margin

  IDBI Capital Margin Alice Blue 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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IDBI Capital and Alice Blue NRI Account Features

  IDBI Capital Alice Blue
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes No
Other Features
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IDBI Capital Vs Alice Blue NRI Account Review

  IDBI Capital Review Alice Blue Review
  41 Customer Reviews    Rate IDBI Capital 40 Customer Reviews    Rate Alice Blue
Fees 3.2 3.7
Brokerage 2.5 3.7
Trading Platform 2.6 3.3
Customer Service 2.8 2.9
Overall Rating Rated 2.6 stars Rated 3.1 stars
Broker Rating IDBI Capital is Rated 2.6 / 5 based on 41 customer reviews Alice Blue is Rated 3.1 / 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

  IDBI Capital Enquire Alice Blue Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
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IDBI Capital Vs Alice Blue NRI Investment Options

  IDBI Capital Alice Blue
Stocks Yes No
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options

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IDBI Capital Vs Alice Blue NRI Customer Service

  IDBI Capital Alice Blue
Customer Care Number 1800-22-3366, 022-3913 5001
Customer Care Email custcare@idbidirect.in
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IDBI Capital Vs Alice Blue Order Type Offered for NRI Account

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

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IDBI Capital Vs Alice Blue - NRI Account Advantages and Disadvantages

  IDBI Capital Alice Blue
Pros
  • 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
  • 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.
  • Alice Blue does not offer NRI trading and demat account.
Conclusion

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.

Alice Blue, the Bangalore based financial service provider, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with Alice Blue, you have to close it and open a new account with another broker who offers NRI services.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Alice Blue Special Offer

Free Equity Delivery Trade

Trade brokerage-free equity delivery (truly no brokerage). Pay flat Rs 15 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue and start trading today.

Open Alice Blue Account

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