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SBI Securities Vs Alice Blue NRI Account Comparison

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.

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SBI Securities Vs Alice Blue

  SBI Securities Alice Blue
 
  SBICAP Securities Ltd Logo Alice Blue Financial Services Logo
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... Know more about SBICAP Securities Ltd 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... Know more about Alice Blue Financial Services
Account Type NRI Account NA
Enquire SBI SecuritiesOpen Alice Blue Account

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SBI Securities Vs Alice Blue Charges

  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
Enquire SBI SecuritiesOpen Alice Blue Account

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SBI Securities Vs Alice Blue NRI Account Brokerage Comparison

Account Type SBI Securities NRI Account Alice Blue NA
Equity Delivery 0.75% NA
Equity Futures NA
Equity Options NA
Enquire SBI SecuritiesOpen Alice Blue Account

Other Charges

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%
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SBI Securities Vs Alice Blue NRI Account Taxes/Fees

  SBI Securities Alice Blue
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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SBI Securities Vs Alice Blue NRI Account Margin

  SBI Securities Margin Alice Blue 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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SBI Securities and Alice Blue NRI Account Features

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

  SBI Securities Review Alice Blue Review
  147 Customer Reviews    Rate SBI Securities 32 Customer Reviews    Rate Alice Blue
Fees 3.2 3.8
Brokerage 2.7 3.7
Trading Platform 2.6 3.6
Customer Service 2.8 3.0
Overall Rating Rated 2.6 stars Rated 3.4 stars
Broker Rating SBI Securities is Rated 2.6 / 5 based on 147 customer reviews Alice Blue is Rated 3.4 / 5 based on 32 customer reviews
Enquire SBI SecuritiesOpen Alice Blue Account

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Contact Broker / Request A Call Back

  SBI Securities Enquire Alice Blue Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open FREE Instant Account online with Alice Blue and start trading today.
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SBI Securities Vs Alice Blue NRI Investment Options

  SBI Securities Alice Blue
Stocks Yes No
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options Derivatives, FD

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SBI Securities Vs Alice Blue NRI Customer Service

  SBI Securities Alice Blue
Customer Care Number +91 22 6153 6900
Customer Care Email nri@sbicapsec.com
Enquire SBI SecuritiesOpen Alice Blue Account

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SBI Securities Vs Alice Blue Order Type Offered for NRI Account

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

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SBI Securities Vs Alice Blue - NRI Account Advantages and Disadvantages

  SBI Securities Alice Blue
Pros
  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
  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.
  • Alice Blue does not offer NRI trading and demat account.
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.

Promo / Offers

Free Equity Delivery Trade + FREE Account Opening

Trade brokerage-free equity delivery (truly no brokerage). Pay flat Rs 15 per trade for Intra-day and F&O. Open FREE Instant Account online with Alice Blue and start trading today.

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