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IDBI Capital Vs Zerodha NRI Account Comparison

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

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

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

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IDBI Capital Vs Zerodha

  IDBI Capital Zerodha
 
  IDBI Capital Markets and Securities Ltd Logo Zerodha 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 Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... Know more about Zerodha
Account Type NRI Trading NRI Account
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.

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IDBI Capital Vs Zerodha Charges

  IDBI Capital Zerodha
NRI Account Opening Fees ₹1500 ₹500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees NIL Rs 0
NRI Demat Account AMC Rs 450 Rs 300
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IDBI Capital Vs Zerodha NRI Account Brokerage Comparison

Account Type IDBI Capital NRI Trading Zerodha NRI Account
Equity Delivery 0.50% ₹100 per trade (non-PIS), ₹200 per trade (PIS)
Equity Futures ₹100 per trade (non-PIS), ₹200 per trade (PIS)
Equity Options ₹100 per trade (non-PIS), ₹200 per trade (PIS)
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Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Processing Charge: ₹75 per transaction Demat Account AMC: ₹300 yearly
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 Zerodha NRI Account Taxes/Fees

  IDBI Capital Zerodha
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 Zerodha NRI Account Margin

  IDBI Capital Margin Zerodha 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 Zerodha NRI Account Features

  IDBI Capital Zerodha
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 Zerodha NRI Account Review

  IDBI Capital Review Zerodha Review
  41 Customer Reviews    Rate IDBI Capital 476 Customer Reviews    Rate Zerodha
Fees 3.2 3.7
Brokerage 2.5 4.2
Trading Platform 2.6 3.6
Customer Service 2.8 3.4
Overall Rating Rated 2.6 stars Rated 3.7 stars
Broker Rating IDBI Capital is Rated 2.6 / 5 based on 41 customer reviews Zerodha is Rated 3.7 / 5 based on 476 customer reviews
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Contact Broker / Request A Call Back

  IDBI Capital Enquire Zerodha Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
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IDBI Capital Vs Zerodha NRI Investment Options

  IDBI Capital Zerodha
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options

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IDBI Capital Vs Zerodha NRI Customer Service

  IDBI Capital Zerodha
Customer Care Number 1800-22-3366, 022-3913 5001 +91 80 4718 1888
Customer Care Email custcare@idbidirect.in nridesk@zerodha.com
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IDBI Capital Vs Zerodha Order Type Offered for NRI Account

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

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IDBI Capital Vs Zerodha - NRI Account Advantages and Disadvantages

  IDBI Capital Zerodha
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. Discount stock broker offer trading at a low brokerage charges. Zerodha charges Rs 200 per trade (PIS Account) and Rs 100 per trade (Non-PIS account) whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for Rs 1 lakh, you pay Rs 750 with a full-service stock broker whereas Zerodha will charge you Rs 200.
  2. India's largest stock broker in terms of active customers.
  3. Offers access to best-in-industry trading software and tools.
  4. Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank 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. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.
  3. Doesn't provide research reports or analysis.
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.

Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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Zerodha Special Offer

Free stock trading and mutual funds

  • Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment + +
  • Trade with the best trading platform in India.

This is a limited time offer. Open an instant Zerodha account online and start trading today.

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