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Anand Rathi Vs IDBI Capital NRI Account Comparison

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

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

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

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Anand Rathi Vs IDBI Capital

  Anand Rathi IDBI Capital
 
  Anand Rathi Logo IDBI Capital Markets and Securities Ltd Logo
About the Broker Anand Rathi provides a wide range of trading and investment services to the resident as well as NRI investors. It offers a 2-in-1 account, combining trading and demat accounts, for NRIs to trade in equity, equity derivatives, mutual funds, and IPOs... Know more about Anand Rathi 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
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Anand Rathi Vs IDBI Capital Charges

  Anand Rathi IDBI Capital
NRI Account Opening Fees ₹1500
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 NIL
NRI Demat Account AMC Rs 450 from second year onward Rs 450
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Anand Rathi Vs IDBI Capital NRI Account Brokerage Comparison

Account Type Anand Rathi NRI Account IDBI Capital NRI Trading
Equity Delivery 0.50%
Equity Futures
Equity Options
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Other Charges

Contract Note Reporting Charges NA
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%
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Anand Rathi Vs IDBI Capital NRI Account Taxes/Fees

  Anand Rathi 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.

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Anand Rathi Vs IDBI Capital NRI Account Margin

  Anand Rathi 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.


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Anand Rathi and IDBI Capital NRI Account Features

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

  Anand Rathi Review IDBI Capital Review
  14 Customer Reviews    Rate Anand Rathi 40 Customer Reviews    Rate IDBI Capital
Fees 3.2 3.2
Brokerage 3.2 2.6
Trading Platform 3.0 2.6
Customer Service 3.4 2.8
Overall Rating Rated 3.1 stars Rated 2.7 stars
Broker Rating Anand Rathi is Rated 3.1 / 5 based on 14 customer reviews IDBI Capital is Rated 2.7 / 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

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Anand Rathi Vs IDBI Capital NRI Investment Options

  Anand Rathi IDBI Capital
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Anand Rathi Vs IDBI Capital NRI Customer Service

  Anand Rathi IDBI Capital
Customer Care Number 0291 666 1001 1800-22-3366, 022-3913 5001
Customer Care Email nridesk@rathi.com custcare@idbidirect.in
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Anand Rathi Vs IDBI Capital Order Type Offered for NRI Account

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

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Anand Rathi Vs IDBI Capital - NRI Account Advantages and Disadvantages

  Anand Rathi IDBI Capital
Pros
  • Wide range of online trading platforms
  • Offers research and recommendation tips.
  • Offers Relationship Manager assistance
  • Offers free call & trade facility for NRIs.
  • Can open PIS account with multiple banks.
  • Online Mutual Fund investment is available.
  • 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
  • Charges brokerage in percentage which is higher than most of the discount brokers.
  • It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
  • NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.
  • 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

Anand Rathi is a recommended choice for NRI investors who are ready to pay high brokerage for value-added services like good online trading software, online mutual fund services and research advisory etc. It is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with 3rd party before opening the NRI trading and demat account with the broker.

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.

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