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Religare Vs IIFL Securities NRI Account Comparison

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

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

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

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Religare Vs IIFL Securities

  Religare IIFL Securities
 
  Religare Logo IIFL Securities 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 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
Account Type NRI Account NRI Account
Enquire ReligareOpen IIFL Securities Account

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Religare Vs IIFL Securities Charges

  Religare IIFL Securities
NRI Account Opening Fees ₹750
NRI Account AMC ₹400 + GST
NRI Demat Account Opening Fees Nil Rs 0
NRI Demat Account AMC Rs 400 from second year onward Rs 250 (Free for 1st year)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire ReligareOpen IIFL Securities Account

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Religare Vs IIFL Securities NRI Account Brokerage Comparison

Account Type Religare NRI Account IIFL Securities NRI Account
Equity Delivery 0.50%
Equity Futures
Equity Options
Enquire ReligareOpen IIFL Securities Account

Other Charges

Contract Note Reporting Charges NA 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 IIFL Securities NRI Account Taxes/Fees

  Religare IIFL 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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Religare Vs IIFL Securities NRI Account Margin

  Religare Margin IIFL 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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Religare and IIFL Securities NRI Account Features

  Religare IIFL Securities
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
Enquire ReligareOpen IIFL Securities Account

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Religare Vs IIFL Securities NRI Account Review

  Religare Review IIFL Securities Review
  77 Customer Reviews    Rate Religare 119 Customer Reviews    Rate IIFL Securities
Fees 3.2 2.8
Brokerage 3.1 2.6
Trading Platform 3.0 3.2
Customer Service 2.9 2.7
Overall Rating Rated 2.9 stars Rated 2.7 stars
Broker Rating Religare is Rated 2.9 / 5 based on 77 customer reviews IIFL Securities is Rated 2.7 / 5 based on 119 customer reviews
Enquire ReligareOpen IIFL Securities Account

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Contact Broker / Request A Call Back

  Religare Enquire IIFL Securities Enquire
Contact Broker Get Free Trading + Demat Account for limited time. Get the offer
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.
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Religare Vs IIFL Securities NRI Investment Options

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

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Religare Vs IIFL Securities NRI Customer Service

  Religare IIFL Securities
Customer Care Number 0120 6130300 +91 22 4007 1000
Customer Care Email wecare@religareonline.com cs@iifl.com
Enquire ReligareOpen IIFL Securities Account

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Religare Vs IIFL Securities Order Type Offered for NRI Account

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

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Religare Vs IIFL Securities - NRI Account Advantages and Disadvantages

  Religare IIFL Securities
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
  • 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.
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.
  • 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.
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.

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.

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.

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.

Enquire ReligareOpen IIFL Securities Account
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