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SBI Securities Vs Finvasia NRI Account Comparison

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

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

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

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SBI Securities Vs Finvasia

  SBI Securities Finvasia
 
  SBICAP Securities Ltd Logo Finvasia Securities Pvt Ltd 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 Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt Ltd
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.


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SBI Securities Vs Finvasia Charges

  SBI Securities Finvasia
NRI Account Opening Fees ₹2500 ₹199
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 350 Rs 0 per year (Lifetime Zero AMC)
PIS Account AMC ₹900 NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

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SBI Securities Vs Finvasia NRI Account Brokerage Comparison

Account Type SBI Securities NRI Account Finvasia NRI Account
Equity Delivery 0.75% ₹0
Equity Futures ₹0
Equity Options ₹0

Other Charges

Contract Note Reporting Charges ₹0 NA
Other Brokerage Charges ₹0
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 Finvasia NRI Account Taxes/Fees

  SBI Securities Finvasia
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 Finvasia NRI Account Margin

  SBI Securities Margin Finvasia 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 Finvasia NRI Account Features

  SBI Securities Finvasia
3-in-1 Account Yes No
Automated Trading No Yes
Free Research And Tips Yes No
Other Features

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SBI Securities Vs Finvasia NRI Account Review

  SBI Securities Review Finvasia Review
  154 Customer Reviews    Rate SBI Securities 50 Customer Reviews    Rate Finvasia
Fees 3.1 4.8
Brokerage 2.7 4.9
Trading Platform 2.6 3.6
Customer Service 2.8 4.3
Overall Rating Rated 2.5 stars Rated 4.5 stars
Broker Rating SBI Securities is Rated 2.5 / 5 based on 154 customer reviews Finvasia is Rated 4.5 / 5 based on 50 customer reviews

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Contact Broker / Request A Call Back

  SBI Securities Enquire Finvasia 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.
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SBI Securities Vs Finvasia NRI Investment Options

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

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SBI Securities Vs Finvasia NRI Customer Service

  SBI Securities Finvasia
Customer Care Number +91 22 6153 6900 +91 172 667 0000
Customer Care Email nri@sbicapsec.com contactus@finvasia.com

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SBI Securities Vs Finvasia Order Type Offered for NRI Account

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

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SBI Securities Vs Finvasia - NRI Account Advantages and Disadvantages

  SBI Securities Finvasia
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.
  • Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
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.
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
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.

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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