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The side-by-side comparison of SBI Securities and Trustline NRI Account. Compare SBI Securities Vs Trustline NRI Account brokerage charges, exposure margin, demat account and AMC. Read Trustline and SBI Securities NRI Account reviews.
Find out SBI Securities Vs Trustline which is better NRI Trading Account. See SBI Securities Vs Trustline which is best NRI Demat Account.
Our SBICAP Securities Ltd comparison with Trustline Securities Ltd highlights the major differences between two brokers. Find the best between SBI Securities and Trustline NRI Account.
SBI Securities | Trustline | |
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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... | Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... |
Account Type | NRI Account | |
Special Offer | Zerodha (Flat Rs 20 Per Trade) 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 (Flat Rs 20 Per Trade) 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 | Trustline | |
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NRI Account Opening Fees | ₹2500 | ₹0 |
NRI Account AMC | ₹0 | ₹1000 + GST |
NRI Demat Account Opening Fees | Rs 0 | Regular: Rs 0, Lifetime Free AMC: Rs 1000 |
NRI Demat Account AMC | Rs 350 | Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 |
PIS Account AMC | ₹900 | NA |
RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
Account Type | SBI Securities NRI Account | Trustline |
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Equity Delivery | 0.75% | 0.03 (3 paise) |
Equity Futures | 0.30 (30 paise) | |
Equity Options | ₹75 per lot | |
Contract Note Reporting Charges | ₹0 | ₹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% |
SBI Securities | Trustline | |
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Securities Transaction Tax (STT) |
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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. |
SBI Securities Margin | Trustline Margin | |
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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 | Trustline | |
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3-in-1 Account | ||
Automated Trading | ||
Free Research And Tips | ||
Other Features | ||
SBI Securities Enquire | Trustline Enquire | |
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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 | Trustline | |
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Stocks | ||
Initial Public Offers (IPO) | ||
Mutual Funds | ||
Other Investment Options | Derivatives, FD |
SBI Securities | Trustline | |
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Customer Care Number | +91 22 6153 6900 | (0120) 4613-888 |
Customer Care Email | nri@sbicapsec.com | helpdesk@trustline.in |
SBI Securities | Trustline | |
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Bracket Order | ||
Cover Order | ||
After Market Order(AMO) | ||
Good Till Cancelled (GTC) |
SBI Securities | Trustline | |
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Pros |
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Cons |
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Conclusion
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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. |
Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline. |
Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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