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Religare Vs Aditya Birla Money NRI Account Comparison

The side-by-side comparison of Religare and Aditya Birla Money NRI Account. Compare Religare Vs Aditya Birla Money NRI Account brokerage charges, exposure margin, demat account and AMC. Read Aditya Birla Money and Religare NRI Account reviews.

Find out Religare Vs Aditya Birla Money which is better NRI Trading Account. See Religare Vs Aditya Birla Money which is best NRI Demat Account.

Our Religare comparison with Aditya Birla Money Ltd highlights the major differences between two brokers. Find the best between Religare and Aditya Birla Money NRI Account.

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Religare Vs Aditya Birla Money

  Religare Aditya Birla Money
 
  Religare Logo Aditya Birla Money Ltd Logo
About the Broker Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds. Religareo... Know more about Religare Aditya Birla Capital Limited (ABCL) is a well-known financial services company offering trading, insurance, and mutual funds, etc. to non-resident Indians. Aditya Birla Money Ltd (ABML), a subsidiary of Aditya Birla Capital, offers stock broking serv... Know more about Aditya Birla Money Ltd
Account Type NRI Account
Special Offer

Zerodha (Trade with the best stock broker)

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.

Zerodha (Trade with the best stock broker)

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.


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Religare Vs Aditya Birla Money Charges

  Religare Aditya Birla Money
NRI Account Opening Fees ₹750
NRI Account AMC ₹450
NRI Demat Account Opening Fees Nil Nil
NRI Demat Account AMC Rs 400 from second year onward Rs 436
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

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Religare Vs Aditya Birla Money NRI Account Brokerage Comparison

Account Type Religare NRI Account Aditya Birla Money
Equity Delivery
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA ₹25 for BSE | ₹50 for NSE
Other Brokerage Charges ODIN Diet: ₹999 per year
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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Religare Vs Aditya Birla Money NRI Account Taxes/Fees

  Religare Aditya Birla Money
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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Religare Vs Aditya Birla Money NRI Account Margin

  Religare Margin Aditya Birla Money 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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Religare and Aditya Birla Money NRI Account Features

  Religare Aditya Birla Money
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes No
Other Features

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Religare Vs Aditya Birla Money NRI Account Review

  Religare Review Aditya Birla Money Review
  77 Customer Reviews    Rate Religare 29 Customer Reviews    Rate Aditya Birla Money
Fees 3.2 3.3
Brokerage 3.1 3.2
Trading Platform 3.0 3.3
Customer Service 2.9 2.9
Overall Rating Rated 2.9 stars Rated 3.0 stars
Broker Rating Religare is Rated 2.9 / 5 based on 77 customer reviews Aditya Birla Money is Rated 3.0 / 5 based on 29 customer reviews

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Contact Broker / Request A Call Back

  Religare Enquire Aditya Birla Money 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 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.
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Religare Vs Aditya Birla Money NRI Investment Options

  Religare Aditya Birla Money
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Religare Vs Aditya Birla Money NRI Customer Service

  Religare Aditya Birla Money
Customer Care Number 0120 6130300 18002707000
Customer Care Email wecare@religareonline.com

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Religare Vs Aditya Birla Money Order Type Offered for NRI Account

  Religare Aditya Birla Money
Bracket Order No
Cover Order No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No

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Religare Vs Aditya Birla Money - NRI Account Advantages and Disadvantages

  Religare Aditya Birla Money
Pros
  • Dedicated NRI Invest team and relationship managers to all NRIs.
  • Free research, recommendation and trading tips to NRIs.
  • NRIs can hedge the portfolio risk using futures and options trading facility.
  • Offers Mutual Fund services to NRIs
  • Part of Aditya Birla group, a financial services conglomerate
  • Provides a wide range of financial services under one roof
  • Offers research advice and stock recommendations
Cons
  • Brokerage charges are higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
  • Religare doesn't offer automated trading to the investors.
  • Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank account before trading.
  • Doesn't offer a 3-in-1 account and separate account opening increases the paperwork.
  • Doesn't offer an IPO investment option.
  • Robo advisory facility is not available.
Conclusion

Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.

Aditya Birla Capital is a well-known name when it comes to financial services. However, when it comes to trading & investment services for NRIs it doesn't measure up to its reputation. The company doesn't have a major USP for NRIs. It doesn't offer 3-in-1 accounts. The choices in trading platforms are limited. There are many better options available in the market.

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.

Open Instant Demat Account Read Reviews

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.

Open Instant Demat Account Read Reviews

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