Sharekhan Vs SBI Securities NRI Account Comparison

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

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

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

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Sharekhan Vs SBI Securities

  Sharekhan SBI Securities
 
Sharekhan Logo SBICAP Securities Ltd Logo
About the Broker Sharekhan, a leading full-service broker in India, offers NRI Stock Trading and Demat accounts to NRI, PIO and OCI customers. Sharekhan offers a 3-in-1 NRI Trading account in partnership with Axis, Indusind, IDBI and HDFC Bank. This account comprises... Know more about Sharekhan 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
Account Type Sharekhan NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with SBI Securities. Leave your contact info and we will get in touch with you.
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Sharekhan Vs SBI Securities Charges

  Sharekhan SBI Securities
NRI Account Opening Fees ₹2000 ₹2500
NRI Account AMC ₹3000 ₹0
NRI Demat Account Opening Fees ₹0 (Free) ₹0
NRI Demat Account AMC ₹400 (Free for 1st year) ₹350
PIS Account AMC ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Sharekhan Vs SBI Securities NRI Account Brokerage Comparison

Brokerage Plan

  Sharekhan SBI Securities
Account Type Sharekhan NRI Account NRI Account
Equity Delivery 0.50% 0.75%
Equity Futures 0.1% on first leg and 0.02% on second leg
Equity Options ₹250 per contract note

Other Charges

Contract Note Reporting Charges ₹0
Other Brokerage Charges PIS Acct AMC: ₹1000
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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Sharekhan Vs SBI Securities NRI Account Taxes/Fees

  Sharekhan SBI Securities
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 ₹15 per Crore ₹15 per 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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Sharekhan Vs SBI Securities NRI Account Exposure Margin

  Sharekhan SBI Securities
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
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Sharekhan and SBI Securities NRI Account Feature Comparison

  Sharekhan SBI Securities
3-in-1 Account No Yes
Automated Trading No No
Free Research And Tips Yes Yes
Other Features Call & Trade, Dedicated Relationship Manager, Branch Support
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Sharekhan Vs SBI Securities NRI Account Review

  Sharekhan SBI Securities
  285 Customer Reviews    Rate Sharekhan 131 Customer Reviews    Rate SBI Securities
Fees 3.1 3.2
Brokerage 2.9 2.8
Trading Platform 3.7 2.6
Customer Service 3.4 2.8
Overall Rating Rated 3.3 stars Rated 2.6 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 285 customer reviews SBI Securities is Rated 2.6 / 5 based on 131 customer reviews
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Contact Broker / Request A Call Back

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

  Sharekhan SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options PMS, Wealth Management Derivatives, FD
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Sharekhan Vs SBI Securities NRI Customer Service

  Sharekhan SBI Securities
Customer Care Number +91 022 6518500 +91 22 6153 6900
Customer Care Email nridesk@sharekhan.com nri@sbicapsec.com
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Sharekhan Vs SBI Securities Order Type Offered for NRI Account

  Sharekhan SBI Securities
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Sharekhan Vs SBI Securities - NRI Account Advantages and Disadvantages

  Sharekhan SBI Securities
Pros
  1. One of the largest stock brokers in India.
  2. Easy trading experience for NRI with 3 in 1 account.
  3. Offers advanced trading platforms in desktop, mobile, and web versions.
  4. Offers online Mutual Funds, IPOs and Bonds.
  5. Offers PMS services for wealth management
  6. A dedicated relationship manager to each NRI customer.
  7. Offers hand holding to beginners in the stock market.
  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. 3 in 1 account facility is only available with select banks (Axis, HDFC, IDBI, and Indusind)
  2. Brokerage and account opening charges are higher when compared to other full-service brokers.
  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.
Conclusion

Sharekhan is a good choice as a stock broker for NRIs. It offers a full range of financial services to NRIs including a hassle-free 3-in-1 trading account, research services, investments in Mutual Funds, IPOs, NCDs and also PMS. GTC and AMO order along with Call & Trade facility help NRIs to place orders in their convenient timings.

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.

Promo / Offers
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Sharekhan Vs SBI Securities - More Reviews

  Sharekhan SBI Securities
NRI Trading Review Sharekhan NRI Account Review SBI Securities NRI Account Review
Enquire Sharekhan Enquire SBI Securities
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