IIFL Vs Zerodha NRI Account Comparison

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

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

Our IIFL Securities Limited comparison with Zerodha highlights the major differences between two brokers. Find the best between IIFL and Zerodha NRI Account.

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IIFL Vs Zerodha

  IIFL Zerodha
 
IIFL Securities Limited Logo Zerodha 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 Limited 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 Account NRI Account
Broker Enquiry Open an Online Trading Account with IIFL. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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IIFL Vs Zerodha Charges

  IIFL Zerodha
NRI Account Opening Fees ₹750 ₹500
NRI Account AMC ₹400 + GST ₹0
NRI Demat Account Opening Fees ₹555 ₹0
NRI Demat Account AMC ₹ 400 (One time) ₹300
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IIFL Vs Zerodha NRI Account Brokerage Comparison

Brokerage Plan

  IIFL Zerodha
Account Type NRI Account NRI Account
Equity Delivery 0.50% ₹200 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
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 Vs Zerodha NRI Account Taxes/Fees

  IIFL 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 ₹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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IIFL Vs Zerodha NRI Account Exposure Margin

  IIFL Zerodha
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
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IIFL and Zerodha NRI Account Feature Comparison

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

  IIFL Zerodha
  108 Customer Reviews    Rate IIFL 369 Customer Reviews    Rate Zerodha
Fees 2.9 3.8
Brokerage 2.6 4.3
Trading Platform 3.3 3.6
Customer Service 2.7 3.5
Overall Rating Rated 2.7 stars Rated 3.7 stars
Broker Rating IIFL is Rated 2.7 / 5 based on 108 customer reviews Zerodha is Rated 3.7 / 5 based on 369 customer reviews
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Contact Broker / Request A Call Back

  IIFL Zerodha
Contact Broker
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IIFL Vs Zerodha NRI Investment Options

  IIFL Zerodha
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options
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IIFL Vs Zerodha NRI Customer Service

  IIFL Zerodha
Customer Care Number +91 22 4007 1000
Customer Care Email cs@indiainfoline.com nridesk@zerodha.com
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IIFL Vs Zerodha Order Type Offered for NRI Account

  IIFL Zerodha
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 Vs Zerodha - NRI Account Advantages and Disadvantages

  IIFL Zerodha
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. Discount stock broker offer trading at a low brokerage charges. Zerodha charges ₹200 per order whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for ₹1 lakh, you pay ₹750 with a full-service stock broker whereas Zerodha will charge you ₹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, Axis Bank, and Yes Bank NRI Bank 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. 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

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.

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, Axis Bank, and Yes 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.

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