SBI Securities Vs AxisDirect NRI Account Comparison
The side-by-side comparison of SBI Securities and AxisDirect NRI Account. Compare SBI Securities Vs AxisDirect NRI Account brokerage charges, exposure margin, demat account and AMC. Read AxisDirect and SBI Securities NRI Account reviews.
Find out SBI Securities Vs AxisDirect which is better NRI Trading Account. See SBI Securities Vs AxisDirect which is best NRI Demat Account.
Our SBICAP Securities Ltd comparison with Axis Securities highlights the major differences between two brokers. Find the best between SBI Securities and AxisDirect NRI Account.
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...
Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account.
Axis Bank has 10 international branch offices across the w...
Account Type
NRI Account
NRI Account
Special Offer
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
SBI Securities Vs AxisDirect Charges
SBI Securities
AxisDirect
NRI Account Opening Fees
₹2500
₹2500
NRI Account AMC
₹0
₹0
NRI Demat Account Opening Fees
Rs 0
Rs 0
NRI Demat Account AMC
Rs 350
Rs 650
PIS Account AMC
₹900
RBI approval for PIS (One time)
₹500 + GST
₹500 + GST
SBI Securities Vs AxisDirect NRI Account Brokerage Comparison
Account Type
SBI Securities NRI Account
AxisDirect NRI Account
Equity Delivery
0.75%
0.75%
Equity Futures
0.05%
Equity Options
Intraday: 1p per lot, Carry Forward: ₹10 per lot
Other Charges
Contract Note Reporting Charges
₹0
Other Brokerage Charges
PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50
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 Vs AxisDirect NRI Account Taxes/Fees
SBI Securities
AxisDirect
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)
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 Vs AxisDirect NRI Account Margin
SBI Securities Margin
AxisDirect 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.
SBI Securities and AxisDirect NRI Account Features
SBI Securities
AxisDirect
3-in-1 Account
Automated Trading
Free Research And Tips
Other Features
SBI Securities Vs AxisDirect NRI Account Review
SBI Securities Review
AxisDirect Review
154 Customer Reviews
83 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Overall Rating
Broker Rating
SBI Securities is Rated 2.5 / 5 based on 154 customer reviews
AxisDirect is Rated 2.0 / 5 based on 83 customer reviews
Contact Broker / Request A Call Back
SBI Securities Enquire
AxisDirect Enquire
Contact Broker
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
SBI Securities Vs AxisDirect NRI Investment Options
SBI Securities
AxisDirect
Stocks
Initial Public Offers (IPO)
Mutual Funds
Other Investment Options
Derivatives, FD
SBI Securities Vs AxisDirect NRI Customer Service
SBI Securities
AxisDirect
Customer Care Number
+91 22 6153 6900
+91 22 4257 0809
Customer Care Email
nri@sbicapsec.com
SBI Securities Vs AxisDirect Order Type Offered for NRI Account
SBI Securities
AxisDirect
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
SBI Securities Vs AxisDirect - NRI Account Advantages and Disadvantages
SBI Securities
AxisDirect
Pros
The largest bank in India with the highest number of branches.
Offer 3 in 1 account for convenient online trading
Free expert recommendations on trading & investments
Assistance from Relationship Managers
SBI securities NRI opening fees are lowest among full-service brokers.
Mutual fund services are available to NRIs who don't have a trading account.
Offers 4-in-1 account for fast trading experience.
Offers online Mutual Fund, IPO and NCD services.
One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
Free trading and investment recommendations.
Assistance from Relationship Managers.
GTC and AMO orders.
A subsidiary of the reputed Axis Bank.
Cons
Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
Doesn't offer Good-till canceled (GTC) order.
The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
Axis does not provide online trading facility to USA based NRI clients.
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.
AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.
Promo / Offers
Zerodha (India's Best & No. 1 Broker)
Special Offer - Free Equity Delivery and Mutual Funds