Religare Vs SBI Securities NRI Account Comparison

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

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

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

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Religare Vs SBI Securities

  Religare SBI Securities
 
Religare Logo SBICAP 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 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 Religare. 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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Religare Vs SBI Securities Charges

  Religare SBI Securities
NRI Account Opening Fees ₹2500
NRI Account AMC ₹0
NRI Demat Account Opening Fees Nil ₹0
NRI Demat Account AMC ₹400 from second year onward ₹350
PIS Account AMC NA ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Religare Vs SBI Securities NRI Account Brokerage Comparison

Brokerage Plan

  Religare SBI Securities
Account Type NRI Account NRI Account
Equity Delivery 0.75%
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA ₹0
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 SBI Securities NRI Account Taxes/Fees

  Religare 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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Religare Vs SBI Securities NRI Account Exposure Margin

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

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

  Religare SBI Securities
  75 Customer Reviews    Rate Religare 137 Customer Reviews    Rate SBI Securities
Fees 3.1 3.2
Brokerage 3.1 2.7
Trading Platform 3.0 2.6
Customer Service 2.9 2.8
Overall Rating Rated 2.9 stars Rated 2.5 stars
Broker Rating Religare is Rated 2.9 / 5 based on 75 customer reviews SBI Securities is Rated 2.5 / 5 based on 137 customer reviews
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Contact Broker / Request A Call Back

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

  Religare SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Derivatives, FD
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Religare Vs SBI Securities NRI Customer Service

  Religare SBI Securities
Customer Care Number 0120 6130300 +91 22 6153 6900
Customer Care Email wecare@religareonline.com nri@sbicapsec.com
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Religare Vs SBI Securities Order Type Offered for NRI Account

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

  Religare SBI 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
  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
  • 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.
  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

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.

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.

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Religare Vs SBI Securities - More Reviews

  Religare SBI Securities
NRI Trading Review Religare NRI Account Review SBI Securities NRI Account Review
Enquire Religare Enquire SBI Securities
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