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IDBI Capital Vs Geojit NRI Account Comparison

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

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

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

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IDBI Capital Vs Geojit

  IDBI Capital Geojit
 
  IDBI Capital Markets and Securities Ltd Logo Geojit BNP Paribas 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 Geojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ... Know more about Geojit BNP Paribas
Account Type NRI Trading
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IDBI Capital Vs Geojit Charges

  IDBI Capital Geojit
NRI Account Opening Fees ₹1500
NRI Account AMC ₹0
NRI Demat Account Opening Fees NIL NIL
NRI Demat Account AMC Rs 450 Rs 700
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IDBI Capital Vs Geojit NRI Account Brokerage Comparison

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

Contract Note Reporting Charges
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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IDBI Capital Vs Geojit NRI Account Taxes/Fees

  IDBI Capital Geojit
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 Geojit NRI Account Margin

  IDBI Capital Margin Geojit 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 Geojit NRI Account Features

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

  IDBI Capital Review Geojit Review
  40 Customer Reviews    Rate IDBI Capital 102 Customer Reviews    Rate Geojit
Fees 3.2 3.6
Brokerage 2.6 3.3
Trading Platform 2.6 4.0
Customer Service 2.8 3.8
Overall Rating Rated 2.7 stars Rated 3.7 stars
Broker Rating IDBI Capital is Rated 2.7 / 5 based on 40 customer reviews Geojit is Rated 3.7 / 5 based on 102 customer reviews
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Contact Broker / Request A Call Back

  IDBI Capital Enquire Geojit Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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IDBI Capital Vs Geojit NRI Investment Options

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

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IDBI Capital Vs Geojit NRI Customer Service

  IDBI Capital Geojit
Customer Care Number 1800-22-3366, 022-3913 5001 +91 0484 3911777
Customer Care Email custcare@idbidirect.in customercare@geojit.com
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IDBI Capital Vs Geojit Order Type Offered for NRI Account

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

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IDBI Capital Vs Geojit - NRI Account Advantages and Disadvantages

  IDBI Capital Geojit
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.
  • 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.
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.
  • 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.
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.

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.

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