Kotak Securities Vs SBI Securities NRI Account Comparison

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

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

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

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Kotak Securities Vs SBI Securities

  Kotak Securities SBI Securities
 
Kotak Securities Ltd Logo SBICAP Securities Ltd Logo
About the Broker Kotak Securities is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak securities NRI account (NRI 3-in-1 accoun... Know more about Kotak 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
Broker Enquiry Open an Online Trading Account with Kotak Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with SBI Securities. Leave your contact info and we will get in touch with you.
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Kotak Securities Vs SBI Securities Charges

  Kotak Securities SBI Securities
NRI Account Opening Fees ₹3750 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹600 ₹350
PIS Account AMC ₹1000 ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Kotak Securities Vs SBI Securities NRI Account Brokerage Comparison

Brokerage Plan

  Kotak Securities SBI Securities
Account Type NRI Account NRI Account
Equity Delivery 1.00% 0.75%
Equity Futures 1.00%
Equity Options 1.00%

Other Charges

Contract Note Reporting Charges ₹0 ₹0
Other Brokerage Charges Average Quarterly Balance: ₹10000
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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Kotak Securities Vs SBI Securities NRI Account Taxes/Fees

  Kotak 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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Kotak Securities Vs SBI Securities NRI Account Exposure Margin

  Kotak Securities SBI Securities
Equity Delivery
Equity Futures
Equity Options
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Kotak Securities and SBI Securities NRI Account Feature Comparison

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

  Kotak Securities SBI Securities
  152 Customer Reviews    Rate Kotak Securities 133 Customer Reviews    Rate SBI Securities
Fees 2.5 3.2
Brokerage 2.3 2.8
Trading Platform 3.3 2.6
Customer Service 2.9 2.8
Overall Rating Rated 2.5 stars Rated 2.6 stars
Broker Rating Kotak Securities is Rated 2.5 / 5 based on 152 customer reviews SBI Securities is Rated 2.6 / 5 based on 133 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities SBI Securities
Contact Broker
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Kotak Securities Vs SBI Securities NRI Investment Options

  Kotak 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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Kotak Securities Vs SBI Securities NRI Customer Service

  Kotak Securities SBI Securities
Customer Care Number 022 6689 6000, 022 6652 9191 +91 22 6153 6900
Customer Care Email nricustomerservice@kotak.com nri@sbicapsec.com
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Kotak Securities Vs SBI Securities Order Type Offered for NRI Account

  Kotak Securities SBI Securities
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Kotak Securities Vs SBI Securities - NRI Account Advantages and Disadvantages

  Kotak Securities SBI Securities
Pros
  1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
  2. Part of the reputed Kotak group
  3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
  4. AMO and GTC order types make it easy for NRIs to place orders at any time.
  5. A dedicated research team for expert advice and recommendations
  6. Offers a range of advanced online trading platforms and tools.
  7. Offers online mutual fund, IPO and NCD investment facility.
  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
  1. The brokerage charges are higher in comparison to discount stock brokers like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.
  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

Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRI's through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.

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
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Kotak Securities Vs SBI Securities - More Reviews

  Kotak Securities SBI Securities
NRI Trading Review Kotak Securities NRI Account Review SBI Securities NRI Account Review
Enquire Kotak Securities Enquire SBI Securities
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