IDBI Capital Vs Karvy NRI Account Comparison

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

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

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

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IDBI Capital Vs Karvy

  IDBI Capital Karvy
 
IDBI Capital Markets and Securities Ltd Logo Karvy Stock Broking Ltd 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 Karvy has nearly two decades of experience in providing trading and investment services to NRIs. Non-resident Indians can invest in Equity, Equity SIP, Mutual Funds, NPS, NCD, Bonds, Structured Debenture Products and many more. Karvy is among the top... Know more about Karvy Stock Broking Ltd
Account Type NRI Trading NRI E-invest
Broker Enquiry Open an Online Trading Account with IDBI Capital. Leave your contact info and we will get in touch with you.
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IDBI Capital Vs Karvy Charges

  IDBI Capital Karvy
NRI Account Opening Fees ₹1500 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees NIL ₹0
NRI Demat Account AMC ₹450 ₹420
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IDBI Capital Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  IDBI Capital Karvy
Account Type NRI Trading NRI E-invest
Equity Delivery 0.50% 0.75%
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Processing Charge: ₹75 per transaction Minimum Brokerage: ₹75
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 Karvy NRI Account Taxes/Fees

  IDBI Capital Karvy
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 Karvy NRI Account Exposure Margin

  IDBI Capital Karvy
Equity Delivery
Equity Futures
Equity Options
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IDBI Capital and Karvy NRI Account Feature Comparison

  IDBI Capital Karvy
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features ESOP Trading, PAN Card
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IDBI Capital Vs Karvy NRI Account Review

  IDBI Capital Karvy
  37 Customer Reviews    Rate IDBI Capital 24 Customer Reviews    Rate Karvy
Fees 3.2 2.6
Brokerage 2.6 2.4
Trading Platform 2.6 2.7
Customer Service 2.9 2.2
Overall Rating Rated 2.8 stars Rated 2.0 stars
Broker Rating IDBI Capital is Rated 2.8 / 5 based on 37 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  IDBI Capital Karvy
Contact Broker
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IDBI Capital Vs Karvy NRI Investment Options

  IDBI Capital Karvy
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Bonds, Government securities or treasury bills
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IDBI Capital Vs Karvy NRI Customer Service

  IDBI Capital Karvy
Customer Care Number 1800-22-3366, 022-3913 5001 +91 40 3321 7148
Customer Care Email custcare@idbidirect.in nridesk@karvy.com
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IDBI Capital Vs Karvy Order Type Offered for NRI Account

  IDBI Capital Karvy
Bracket Order No Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No
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IDBI Capital Vs Karvy - NRI Account Advantages and Disadvantages

  IDBI Capital Karvy
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.
  • Over 2 decades of experience offering NRI services.
  • Provides ESOP Trading facility.
  • A dedicated and specialized research team.
  • One-stop solution for trading and investing.
  • A team of relationship managers to provide an assisted trading facility.
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.
  • It doesn't offer a 3-in-1 account. And, NRIs have to open a separate savings bank account and complete the paperwork.
  • Karvy charges turnover based brokerage at 0.75%. The brokerage charges are higher when compared with fixed-fee brokerage charged by discount brokers like Zerodha and Prostocks. The brokerage charged by Prostocks is ₹100 per order.
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.

Karvy is a full-service broker that provides stock, derivatives and mutual fund investment. It has a dedicated research team that provides stock recommendations. The Karvy desktop trading platform facilitates a 3D analysis of the stocks to help the investors in making the right investment decision. Karvy also provides relationship manager (RM) assistance to help the NRIs build a strong investment portfolio as per their risk appetite and financial goals.

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IDBI Capital Vs Karvy - More Reviews

  IDBI Capital Karvy
NRI Trading Review IDBI Capital NRI Account Review Karvy NRI Account Review
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