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IDBI Capital Vs Prostocks NRI Account Comparison

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

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

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

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IDBI Capital Vs Prostocks

  IDBI Capital Prostocks
 
IDBI Capital Markets and Securities Ltd Logo Prostocks 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 Prostocks is a flat-fee discount stock broker offering online investing and trading services to Resident and NRI Investors. It offers a 2-in-1 account, combining trading and demat account, to NRIs to trade across equity, derivatives, mutual funds, an... Know more about Prostocks
Account Type NRI Trading NRI Account
Broker Enquiry Open an Online Trading Account with IDBI Capital. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Prostocks. Leave your contact info and we will get in touch with you.
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IDBI Capital Vs Prostocks Charges

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

Brokerage Plan

  IDBI Capital Prostocks
Account Type NRI Trading NRI Account
Equity Delivery 0.50% ₹100 per executed order
Equity Futures ₹100 per executed order
Equity Options ₹100 per executed order

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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IDBI Capital Vs Prostocks NRI Account Taxes/Fees

  IDBI Capital Prostocks
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 ₹15 per Crore ₹15 per 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 Prostocks NRI Account Exposure Margin

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

  IDBI Capital Prostocks
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 Prostocks NRI Account Review

  IDBI Capital Prostocks
  37 Customer Reviews    Rate IDBI Capital 28 Customer Reviews    Rate Prostocks
Fees 3.2 4.7
Brokerage 2.6 4.4
Trading Platform 2.6 2.9
Customer Service 2.9 3.3
Overall Rating Rated 2.8 stars Rated 3.3 stars
Broker Rating IDBI Capital is Rated 2.8 / 5 based on 37 customer reviews Prostocks is Rated 3.3 / 5 based on 28 customer reviews
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Contact Broker / Request A Call Back

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

  IDBI Capital Prostocks
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options
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IDBI Capital Vs Prostocks NRI Customer Service

  IDBI Capital Prostocks
Customer Care Number 1800-22-3366, 022-3913 5001 +91 22 6243 4343, +91 22 3811 0110
Customer Care Email custcare@idbidirect.in sales@prostocks.com
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IDBI Capital Vs Prostocks Order Type Offered for NRI Account

  IDBI Capital Prostocks
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 Prostocks - NRI Account Advantages and Disadvantages

  IDBI Capital Prostocks
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.
  • Prostocks charges a flat fee of Rs 100 per executed order which is the cheapest fee charged by any broker in India.
  • Traders can choose from in-house trading platforms or NSE NOW software to trade as per their convenience.
  • Demat and Trading accounts at Prostocks are lifetime AMC free.
  • NRI customer doesn't require separate Custodial Account to trade in Equity F&O. Prostocks is a registered clearing member who can get the CP code for NRI and clear the trades. This offers a huge saving for NRI customers.
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.
  • Doesn't offer a 3-in-1 account. An NRI has to open an NRI Bank Account before opening a trading and demat account.
  • GTC (Good Till Cancel) and AMO (After Market Order) not available.
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.

Prostocks offer online trading service at the cheapest brokerage rate to the NRIs. It has partnerships with 5 popular banks in India to offer NRI trading. The free account opening and AMC free demat & trading account is an added advantage for the NRI customers. Prostocks doesn't provide research and advisory service. It suits well for frequent traders who execute 100's of trades daily.

Promo / Offers
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IDBI Capital Vs Prostocks - More Reviews

  IDBI Capital Prostocks
NRI Trading Review IDBI Capital NRI Account Review Prostocks NRI Account Review
Enquire IDBI Capital Enquire Prostocks
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