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Religare Vs Geojit NRI Account Comparison

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

Find out Religare Vs Geojit which is better NRI Trading Account. See Religare Vs Geojit which is best NRI Demat Account.

Our Religare comparison with Geojit BNP Paribas highlights the major differences between two brokers. Find the best between Religare and Geojit NRI Account.

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Religare Vs Geojit

  Religare Geojit
 
  Religare Logo Geojit BNP Paribas 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 Geojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ... Know more about Geojit BNP Paribas
Account Type NRI Account
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Religare Vs Geojit Charges

  Religare Geojit
NRI Account Opening Fees
NRI Account AMC
NRI Demat Account Opening Fees Nil NIL
NRI Demat Account AMC Rs 400 from second year onward Rs 700
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Religare Vs Geojit NRI Account Brokerage Comparison

Account Type Religare NRI Account Geojit
Equity Delivery
Equity Futures
Equity Options
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Other Charges

Contract Note Reporting Charges NA
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 Geojit NRI Account Taxes/Fees

  Religare Geojit
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 Geojit NRI Account Margin

  Religare Margin Geojit 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 Geojit NRI Account Features

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

  Religare Review Geojit Review
  77 Customer Reviews    Rate Religare 102 Customer Reviews    Rate Geojit
Fees 3.2 3.6
Brokerage 3.1 3.3
Trading Platform 3.0 4.0
Customer Service 2.9 3.8
Overall Rating Rated 2.9 stars Rated 3.7 stars
Broker Rating Religare is Rated 2.9 / 5 based on 77 customer reviews Geojit is Rated 3.7 / 5 based on 102 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire Geojit Enquire
Contact Broker Get Free Trading + Demat Account for limited time. Get the offer
Leave your contact information and we will get in touch with you....
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Religare Vs Geojit NRI Investment Options

  Religare Geojit
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Religare Vs Geojit NRI Customer Service

  Religare Geojit
Customer Care Number 0120 6130300 +91 0484 3911777
Customer Care Email wecare@religareonline.com customercare@geojit.com
Enquire ReligareEnquire Geojit

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Religare Vs Geojit Order Type Offered for NRI Account

  Religare Geojit
Bracket Order
Cover Order
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No

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Religare Vs Geojit - NRI Account Advantages and Disadvantages

  Religare Geojit
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
  • 30+ years of experience in the capital market in India.
  • Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
  • Dedicated research team offers investment and research tips to NRIs.
  • Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
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.
  • NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
  • Doesn't offer services to the US, UK, Australia or Canada based NRIs.
  • Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
  • High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
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.

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.

Promo / Offers

Free Trading + Demat Account

Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year.

This is a limited time offer. Simply leave your contact information with us and Religare representatives will contact you.

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