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IDBI Capital Vs SBI Securities NRI Account Comparison

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

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

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

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IDBI Capital Vs SBI Securities

  IDBI Capital SBI Securities
 
  IDBI Capital Markets and Securities Ltd Logo SBICAP Securities 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 State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist... Know more about SBICAP Securities Ltd
Account Type NRI Trading NRI Account
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IDBI Capital Vs SBI Securities Charges

  IDBI Capital SBI Securities
NRI Account Opening Fees ₹1500 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees NIL Rs 0
NRI Demat Account AMC Rs 450 Rs 350
PIS Account AMC ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IDBI Capital Vs SBI Securities NRI Account Brokerage Comparison

Account Type IDBI Capital NRI Trading SBI Securities NRI Account
Equity Delivery 0.50% 0.75%
Equity Futures
Equity Options
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Other Charges

Contract Note Reporting Charges ₹0
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 SBI Securities NRI Account Taxes/Fees

  IDBI Capital SBI Securities
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 SBI Securities NRI Account Margin

  IDBI Capital Margin SBI Securities 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 SBI Securities NRI Account Features

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

  IDBI Capital Review SBI Securities Review
  40 Customer Reviews    Rate IDBI Capital 147 Customer Reviews    Rate SBI Securities
Fees 3.2 3.2
Brokerage 2.6 2.7
Trading Platform 2.6 2.6
Customer Service 2.8 2.8
Overall Rating Rated 2.7 stars Rated 2.6 stars
Broker Rating IDBI Capital is Rated 2.7 / 5 based on 40 customer reviews SBI Securities is Rated 2.6 / 5 based on 147 customer reviews
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Contact Broker / Request A Call Back

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IDBI Capital Vs SBI Securities NRI Investment Options

  IDBI Capital SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Derivatives, FD

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IDBI Capital Vs SBI Securities NRI Customer Service

  IDBI Capital SBI Securities
Customer Care Number 1800-22-3366, 022-3913 5001 +91 22 6153 6900
Customer Care Email custcare@idbidirect.in nri@sbicapsec.com
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IDBI Capital Vs SBI Securities Order Type Offered for NRI Account

  IDBI Capital SBI Securities
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 SBI Securities - NRI Account Advantages and Disadvantages

  IDBI Capital SBI Securities
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.
  1. The largest bank in India with the highest number of branches.
  2. Offer 3 in 1 account for convenient online trading
  3. Free expert recommendations on trading & investments
  4. Assistance from Relationship Managers
  5. SBI securities NRI opening fees are lowest among full-service brokers.
  6. Mutual fund services are available to NRIs who don't have a trading account.
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.
  1. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
  2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
  3. Doesn't offer Good-till canceled (GTC) 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.

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.

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