IDBI Capital Vs Geojit NRI Account Comparison

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.

• 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.

• 30+ years of experience in the capital market in India.
• Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
• Dedicated research team offers investment and research tips to NRIs.
• Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.

• 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.

• NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
• Doesn't offer services to the US, UK, Australia or Canada based NRIs.
• Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
• High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.

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.

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.