SBI Securities Vs Karvy NRI Account Comparison

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

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

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

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SBI Securities Vs Karvy

  SBI Securities Karvy
 
SBICAP Securities Ltd Logo Karvy Stock Broking 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 Karvy has nearly two decades of experience in providing trading and investment services to NRIs. Non-resident Indians can invest in Equity, Equity SIP, Mutual Funds, NPS, NCD, Bonds, Structured Debenture Products and many more. Karvy is among the top... Know more about Karvy Stock Broking Ltd
Account Type NRI Account NRI E-invest
Broker Enquiry Open an Online Trading Account with SBI Securities. Leave your contact info and we will get in touch with you.
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SBI Securities Vs Karvy Charges

  SBI Securities Karvy
NRI Account Opening Fees ₹2500 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹350 ₹420
PIS Account AMC ₹900 NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SBI Securities Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  SBI Securities Karvy
Account Type NRI Account NRI E-invest
Equity Delivery 0.75% 0.75%
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges ₹0 NA
Other Brokerage Charges Minimum Brokerage: ₹75
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 Karvy NRI Account Taxes/Fees

  SBI Securities Karvy
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 Karvy NRI Account Exposure Margin

  SBI Securities Karvy
Equity Delivery
Equity Futures
Equity Options
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SBI Securities and Karvy NRI Account Feature Comparison

  SBI Securities Karvy
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features ESOP Trading, PAN Card
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SBI Securities Vs Karvy NRI Account Review

  SBI Securities Karvy
  133 Customer Reviews    Rate SBI Securities 24 Customer Reviews    Rate Karvy
Fees 3.2 2.6
Brokerage 2.8 2.4
Trading Platform 2.6 2.7
Customer Service 2.8 2.2
Overall Rating Rated 2.6 stars Rated 2.0 stars
Broker Rating SBI Securities is Rated 2.6 / 5 based on 133 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  SBI Securities Karvy
Contact Broker
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SBI Securities Vs Karvy NRI Investment Options

  SBI Securities Karvy
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Derivatives, FD ETF, Bonds, Government securities or treasury bills
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SBI Securities Vs Karvy NRI Customer Service

  SBI Securities Karvy
Customer Care Number +91 22 6153 6900 +91 40 3321 7148
Customer Care Email nri@sbicapsec.com nridesk@karvy.com
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SBI Securities Vs Karvy Order Type Offered for NRI Account

  SBI Securities Karvy
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 Karvy - NRI Account Advantages and Disadvantages

  SBI Securities Karvy
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.
  • Over 2 decades of experience offering NRI services.
  • Provides ESOP Trading facility.
  • A dedicated and specialized research team.
  • One-stop solution for trading and investing.
  • A team of relationship managers to provide an assisted trading facility.
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.
  • It doesn't offer a 3-in-1 account. And, NRIs have to open a separate savings bank account and complete the paperwork.
  • Karvy charges turnover based brokerage at 0.75%. The brokerage charges are higher when compared with fixed-fee brokerage charged by discount brokers like Zerodha and Prostocks. The brokerage charged by Prostocks is ₹100 per order.
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.

Karvy is a full-service broker that provides stock, derivatives and mutual fund investment. It has a dedicated research team that provides stock recommendations. The Karvy desktop trading platform facilitates a 3D analysis of the stocks to help the investors in making the right investment decision. Karvy also provides relationship manager (RM) assistance to help the NRIs build a strong investment portfolio as per their risk appetite and financial goals.

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SBI Securities Vs Karvy - More Reviews

  SBI Securities Karvy
NRI Trading Review SBI Securities NRI Account Review Karvy NRI Account Review
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