IDBI Capital Vs Trustline NRI Account Comparison

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

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

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

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IDBI Capital Vs Trustline

  IDBI Capital Trustline
 
IDBI Capital Markets and Securities Ltd Logo Trustline 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 Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... Know more about Trustline Securities Ltd
Account Type NRI Trading
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 Trustline. Leave your contact info and we will get in touch with you.
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IDBI Capital Vs Trustline Charges

  IDBI Capital Trustline
NRI Account Opening Fees ₹1500 ₹0
NRI Account AMC ₹0 ₹1000 + GST
NRI Demat Account Opening Fees NIL Regular: ₹0, Lifetime Free AMC: ₹1000
NRI Demat Account AMC ₹450 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IDBI Capital Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  IDBI Capital Trustline
Account Type NRI Trading
Equity Delivery 0.50% 0.03 (3 paise)
Equity Futures 0.30 (30 paise)
Equity Options ₹75 per lot

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 Trustline NRI Account Taxes/Fees

  IDBI Capital Trustline
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 Trustline NRI Account Exposure Margin

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

  IDBI Capital Trustline
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 Trustline NRI Account Review

  IDBI Capital Trustline
  37 Customer Reviews    Rate IDBI Capital 1 Customer Reviews    Rate Trustline
Fees 3.2 4.0
Brokerage 2.6 3.0
Trading Platform 2.6 4.0
Customer Service 2.9 4.0
Overall Rating Rated 2.8 stars Rated 4.0 stars
Broker Rating IDBI Capital is Rated 2.8 / 5 based on 37 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

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

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

  IDBI Capital Trustline
Customer Care Number 1800-22-3366, 022-3913 5001 (0120) 4613-888
Customer Care Email custcare@idbidirect.in helpdesk@trustline.in
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IDBI Capital Vs Trustline Order Type Offered for NRI Account

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

  IDBI Capital Trustline
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.
  • Offers web and mobile app-based NRI trading and investment platform.
  • Charges lower brokerage for investing in equity and equity derivatives.
  • Doesn't have a minimum brokerage charge which is good for small investors.
  • Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
  • Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
  • Trustline works as a clearing and settlement member which reduces the overall cost for investors.
  • Facilitates IPO bidding for resident and non-resident Indian investors.
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 which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
  • Doesn't offer Bracket Order facility.
  • Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
  • Allows only Axis bank to open NRI bank account.
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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.

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IDBI Capital Vs Trustline - More Reviews

  IDBI Capital Trustline
NRI Trading Review IDBI Capital NRI Account Review Trustline NRI Account Review
Enquire IDBI Capital Enquire Trustline
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