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Anand Rathi Vs Choice Broking NRI Account Comparison

The side-by-side comparison of Anand Rathi and Choice Broking NRI Account. Compare Anand Rathi Vs Choice Broking NRI Account brokerage charges, exposure margin, demat account and AMC. Read Choice Broking and Anand Rathi NRI Account reviews.

Find out Anand Rathi Vs Choice Broking which is better NRI Trading Account. See Anand Rathi Vs Choice Broking which is best NRI Demat Account.

Our Anand Rathi comparison with Choice Equity Broking Private Limited highlights the major differences between two brokers. Find the best between Anand Rathi and Choice Broking NRI Account.

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Anand Rathi Vs Choice Broking

  Anand Rathi Choice Broking
 
  Anand Rathi Logo Choice Equity Broking Private Limited Logo
About the Broker Anand Rathi provides a wide range of trading and investment services to the resident as well as NRI investors. It offers a 2-in-1 account, combining trading and demat accounts, for NRIs to trade in equity, equity derivatives, mutual funds, and IPOs... Know more about Anand Rathi Choice Broking is a full-service broker offering online trading and advisory services to NRIs (except for those residing in the USA and Canada). It offers 2-in-1 accounts, combining Demat and trading accounts, to NRIs. The 2-in-1 account enables NR... Know more about Choice Equity Broking Private Limited
Account Type NRI Account NRI Trading
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Anand Rathi Vs Choice Broking Charges

  Anand Rathi Choice Broking
NRI Account Opening Fees ₹0
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 450 from second year onward Rs 200 or as per plan. (1st year AMC free)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Anand Rathi Vs Choice Broking NRI Account Brokerage Comparison

Account Type Anand Rathi NRI Account Choice Broking NRI Trading
Equity Delivery 0.50%
Equity Futures 0.03%
Equity Options ₹100 per lot
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Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC - ₹200 per year
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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Anand Rathi Vs Choice Broking NRI Account Taxes/Fees

  Anand Rathi Choice Broking
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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Anand Rathi Vs Choice Broking NRI Account Margin

  Anand Rathi Margin Choice Broking 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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Anand Rathi and Choice Broking NRI Account Features

  Anand Rathi Choice Broking
3-in-1 Account No No
Automated Trading No
Free Research And Tips Yes Yes
Other Features
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Anand Rathi Vs Choice Broking NRI Account Review

  Anand Rathi Review Choice Broking Review
  14 Customer Reviews    Rate Anand Rathi 9 Customer Reviews    Rate Choice Broking
Fees 3.2 4.2
Brokerage 3.2 3.6
Trading Platform 3.0 3.8
Customer Service 3.4 3.6
Overall Rating Rated 3.1 stars Rated 3.6 stars
Broker Rating Anand Rathi is Rated 3.1 / 5 based on 14 customer reviews Choice Broking is Rated 3.6 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Anand Rathi Enquire Choice Broking Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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Anand Rathi Vs Choice Broking NRI Investment Options

  Anand Rathi Choice Broking
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options

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Anand Rathi Vs Choice Broking NRI Customer Service

  Anand Rathi Choice Broking
Customer Care Number 0291 666 1001 022-67079903, 9819545987
Customer Care Email nridesk@rathi.com nri@choiceindia.com
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Anand Rathi Vs Choice Broking Order Type Offered for NRI Account

  Anand Rathi Choice Broking
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes

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Anand Rathi Vs Choice Broking - NRI Account Advantages and Disadvantages

  Anand Rathi Choice Broking
Pros
  • Wide range of online trading platforms
  • Offers research and recommendation tips.
  • Offers Relationship Manager assistance
  • Offers free call & trade facility for NRIs.
  • Can open PIS account with multiple banks.
  • Online Mutual Fund investment is available.
  • Free account opening.
  • Advisory services with access to a wide range of research reports.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Dedicated relationship manager.
Cons
  • Charges brokerage in percentage which is higher than most of the discount brokers.
  • It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
  • NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.
  • Higher brokerage charges when compared to other discount brokers.
  • Do not offer 3-in-1 account services.
  • Do not provide an online account opening facility.
Conclusion

Anand Rathi is a recommended choice for NRI investors who are ready to pay high brokerage for value-added services like good online trading software, online mutual fund services and research advisory etc. It is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with 3rd party before opening the NRI trading and demat account with the broker.

Choice Broking is a SEBI registered full-service broker offering trading and advisory services with a 2-in-1 account facility to the NRIs. The company offers online trading platforms to NRI for stock markets and mutual fund investments. Being a full-service broker, the brokerage charges are slightly on the higher side making it a costly broker for the NRIs. The company has a dedicated research team that provides insights on the economy and the markets along with a wide range of research reports to its clients based on its fundamental and technical analyses.

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