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Anand Rathi Vs SBI Securities NRI Account Comparison

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

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

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

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Anand Rathi Vs SBI Securities

  Anand Rathi SBI Securities
 
  Anand Rathi Logo SBICAP Securities Ltd Logo
About the Broker Anand Rathi provides a wide range of trading and investment services to the resident as well as NRI investors. It offers a 2-in-1 account, combining trading and demat accounts, for NRIs to trade in equity, equity derivatives, mutual funds, and IPOs... Know more about Anand Rathi 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
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Anand Rathi Vs SBI Securities Charges

  Anand Rathi SBI Securities
NRI Account Opening Fees ₹2500
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 450 from second year onward Rs 350
PIS Account AMC NA ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Anand Rathi Vs SBI Securities NRI Account Brokerage Comparison

Account Type Anand Rathi NRI Account SBI Securities NRI Account
Equity Delivery 0.75%
Equity Futures
Equity Options
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Other Charges

Contract Note Reporting Charges NA ₹0
Other Brokerage Charges
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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Anand Rathi Vs SBI Securities NRI Account Taxes/Fees

  Anand Rathi 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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Anand Rathi Vs SBI Securities NRI Account Margin

  Anand Rathi Margin SBI 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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Anand Rathi and SBI Securities NRI Account Features

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

  Anand Rathi Review SBI Securities Review
  14 Customer Reviews    Rate Anand Rathi 147 Customer Reviews    Rate SBI Securities
Fees 3.2 3.2
Brokerage 3.2 2.7
Trading Platform 3.0 2.6
Customer Service 3.4 2.8
Overall Rating Rated 3.1 stars Rated 2.6 stars
Broker Rating Anand Rathi is Rated 3.1 / 5 based on 14 customer reviews SBI Securities is Rated 2.6 / 5 based on 147 customer reviews
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Contact Broker / Request A Call Back

  Anand Rathi Enquire SBI Securities Enquire
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Anand Rathi Vs SBI Securities NRI Investment Options

  Anand Rathi SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Derivatives, FD

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Anand Rathi Vs SBI Securities NRI Customer Service

  Anand Rathi SBI Securities
Customer Care Number 0291 666 1001 +91 22 6153 6900
Customer Care Email nridesk@rathi.com nri@sbicapsec.com
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Anand Rathi Vs SBI Securities Order Type Offered for NRI Account

  Anand Rathi SBI Securities
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No

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Anand Rathi Vs SBI Securities - NRI Account Advantages and Disadvantages

  Anand Rathi SBI Securities
Pros
  • Wide range of online trading platforms
  • Offers research and recommendation tips.
  • Offers Relationship Manager assistance
  • Offers free call & trade facility for NRIs.
  • Can open PIS account with multiple banks.
  • Online Mutual Fund investment is available.
  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
  • Charges brokerage in percentage which is higher than most of the discount brokers.
  • It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
  • NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of 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

Anand Rathi is a recommended choice for NRI investors who are ready to pay high brokerage for value-added services like good online trading software, online mutual fund services and research advisory etc. It is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with 3rd party before opening the NRI trading and demat account with the broker.

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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