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The side-by-side comparison of SBI Securities and Alice Blue NRI Account. Compare SBI Securities Vs Alice Blue NRI Account brokerage charges, exposure margin, demat account and AMC. Read Alice Blue and SBI Securities NRI Account reviews.
Find out SBI Securities Vs Alice Blue which is better NRI Trading Account. See SBI Securities Vs Alice Blue which is best NRI Demat Account.
Our SBICAP Securities Ltd comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between SBI Securities and Alice Blue NRI Account.
| SBI Securities | Alice Blue | |
|---|---|---|
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| About the Broker | 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...  |
Alice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 2019, " We wish to inform you that currently, we are not offering our services to NRIs, only Resident Indians can open an account with... |
| Account Type | NRI Account | NA |
| Broker Enquiry |
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| SBI Securities | Alice Blue | |
|---|---|---|
| NRI Account Opening Fees | ₹2500 | NA |
| NRI Account AMC | ₹0 | NA |
| NRI Demat Account Opening Fees | Rs 0 | Rs 0 |
| NRI Demat Account AMC | Rs 350 | Rs 400 |
| PIS Account AMC | ₹900 | NA |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| SBI Securities | Alice Blue | |
|---|---|---|
| Account Type | NRI Account | NA |
| Equity Delivery | 0.75% | NA |
| Equity Futures | NA | |
| Equity Options | NA |
| Contract Note Reporting Charges | ₹0 | NA |
| Other Brokerage Charges | NA | |
| 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% |
| SBI Securities | Alice Blue | |
|---|---|---|
| Securities Transaction Tax (STT) |
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| 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. |
| SBI Securities | Alice Blue | |
|---|---|---|
| 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.
| SBI Securities | Alice Blue | |
|---|---|---|
| 3-in-1 Account |  |
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| SBI Securities | Alice Blue | |
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145 Customer Reviews  |
31 Customer Reviews |
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| Broker Rating | SBI Securities is Rated 2.6 / 5 based on 145 customer reviews | Alice Blue is Rated 3.4 / 5 based on 31 customer reviews |
| SBI Securities | Alice Blue | |
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| SBI Securities | Alice Blue | |
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| Other Investment Options | Derivatives, FD |
| SBI Securities | Alice Blue | |
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| Customer Care Number | +91 22 6153 6900 | |
| Customer Care Email | nri@sbicapsec.com |
| SBI Securities | Alice Blue | |
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| SBI Securities | Alice Blue | |
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Conclusion |
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. |
Alice Blue, the Bangalore based financial service provider, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks. If you recently become an NRI and have a resident account with Alice Blue, you have to close it and open a new account with another broker who offers NRI services. |
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