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IIFL Securities Vs SBI Securities NRI Account Comparison

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

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

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

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IIFL Securities Vs SBI Securities

  IIFL Securities SBI Securities
 
  IIFL Securities Ltd Logo SBICAP Securities Ltd Logo
About the Broker IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL 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 Account NRI Account
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IIFL Securities Vs SBI Securities Charges

  IIFL Securities SBI Securities
NRI Account Opening Fees ₹750 ₹2500
NRI Account AMC ₹400 + GST ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 250 (Free for 1st year) Rs 350
PIS Account AMC NA ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IIFL Securities Vs SBI Securities NRI Account Brokerage Comparison

Account Type IIFL Securities NRI Account SBI Securities NRI Account
Equity Delivery 0.50% 0.75%
Equity Futures
Equity Options
Open IIFL Securities AccountEnquire SBI Securities

Other Charges

Contract Note Reporting Charges NA ₹0
Other Brokerage Charges
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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IIFL Securities Vs SBI Securities NRI Account Taxes/Fees

  IIFL Securities 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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IIFL Securities Vs SBI Securities NRI Account Margin

  IIFL Securities 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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IIFL Securities and SBI Securities NRI Account Features

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

  IIFL Securities Review SBI Securities Review
  119 Customer Reviews    Rate IIFL Securities 147 Customer Reviews    Rate SBI Securities
Fees 2.8 3.2
Brokerage 2.6 2.7
Trading Platform 3.2 2.6
Customer Service 2.7 2.8
Overall Rating Rated 2.7 stars Rated 2.6 stars
Broker Rating IIFL Securities is Rated 2.7 / 5 based on 119 customer reviews SBI Securities is Rated 2.6 / 5 based on 147 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire SBI Securities Enquire
Contact Broker Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today. Leave your contact information and we will get in touch with you....
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IIFL Securities Vs SBI Securities NRI Investment Options

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

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IIFL Securities Vs SBI Securities NRI Customer Service

  IIFL Securities SBI Securities
Customer Care Number +91 22 4007 1000 +91 22 6153 6900
Customer Care Email cs@iifl.com nri@sbicapsec.com
Open IIFL Securities AccountEnquire SBI Securities

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IIFL Securities Vs SBI Securities Order Type Offered for NRI Account

  IIFL Securities SBI Securities
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No

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IIFL Securities Vs SBI Securities - NRI Account Advantages and Disadvantages

  IIFL Securities SBI Securities
Pros
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
  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
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
  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

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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.

Promo / Offers

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

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