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SMC Global Vs Yes Securities NRI Account Comparison

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

Find out SMC Global Vs Yes Securities which is better NRI Trading Account. See SMC Global Vs Yes Securities which is best NRI Demat Account.

Our SMC Global Limited comparison with Yes Securities Limited highlights the major differences between two brokers. Find the best between SMC Global and Yes Securities NRI Account.

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SMC Global Vs Yes Securities

  SMC Global Yes Securities
 
  SMC Global Limited Logo Yes Securities Limited Logo
About the Broker SMC Global is a diversified financial service provider offering a wide range of financial products and services to resident and non-resident Indians (NRI) investors. NRIs can invest in Equity, Debt, Derivatives and Real Estate Funds with SMC. NRIs ca... Know more about SMC Global Limited Yes Bank, India's fourth-largest private sector bank, offers NRI 3-in-1 Account to NRIs. Yes Bank is an RBI designed bank for PIS, which makes it very easy for NRI customers to invest online into Indian Stock Markets. Yes Bank offers brokerage servic... Know more about Yes Securities Limited
Account Type NRI Account NRI Investment 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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SMC Global Vs Yes Securities Charges

  SMC Global Yes Securities
NRI Account Opening Fees ₹1000
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 499 Rs 0
NRI Demat Account AMC Rs 300 Rs 500
PIS Account AMC NA ₹500
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

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SMC Global Vs Yes Securities NRI Account Brokerage Comparison

Account Type SMC Global NRI Account Yes Securities NRI Investment Account
Equity Delivery 0.50%
Equity Futures 0.05% ₹100 per contact
Equity Options ₹75 per lot ₹100 per contact

Other Charges

Contract Note Reporting Charges NA ₹100 per contact note
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20
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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SMC Global Vs Yes Securities NRI Account Taxes/Fees

  SMC Global Yes 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 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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SMC Global Vs Yes Securities NRI Account Margin

  SMC Global Margin Yes Securities 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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SMC Global and Yes Securities NRI Account Features

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

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SMC Global Vs Yes Securities NRI Account Review

  SMC Global Review Yes Securities Review
  33 Customer Reviews    Rate SMC Global 2 Customer Reviews    Rate Yes Securities
Fees 3.6 3.0
Brokerage 3.5 1.0
Trading Platform 3.7 3.0
Customer Service 3.7 3.0
Overall Rating Rated 3.8 stars Rated 2.0 stars
Broker Rating SMC Global is Rated 3.8 / 5 based on 33 customer reviews Yes Securities is Rated 2.0 / 5 based on 2 customer reviews

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Contact Broker / Request A Call Back

  SMC Global Enquire Yes Securities 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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SMC Global Vs Yes Securities NRI Investment Options

  SMC Global Yes Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance

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SMC Global Vs Yes Securities NRI Customer Service

  SMC Global Yes Securities
Customer Care Number +91-11-25754371, 91- 9650988009 +91 22 7112 3123
Customer Care Email nridesk@smcindiaonline.com customer.service@ysil.in

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SMC Global Vs Yes Securities Order Type Offered for NRI Account

  SMC Global Yes Securities
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No

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SMC Global Vs Yes Securities - NRI Account Advantages and Disadvantages

  SMC Global Yes Securities
Pros
  • NRIs doesn't require separate Custodial Account to trade in Equity Derivatives as SMC is a registered clearing member who can get CP code for and clear the trades. This offers a huge saving for NRIs.
  • Provides research and recommendation tips based on technical analysis.
  • NRIs can trade and invest through mobile, software and web browser
  • Dedicated relationship manager to assist the NRIs in account opening to investing process.
  • SMC is a full-service broker offering a wide range of products and services.
  • Offers NRI 3-in-1 account. Open all the three accounts at one shot.
  • Provide free research tips and recommendations to all the customers including NRI.
  • Dedicated relationship manager
  • Earn 6% per annum interest on savings bank account balance.
Cons
  • Offers NRI trading services only to NRIs who have bank accounts with Yes, Axis, HDFC, Indusind, or Federal Bank account holders.
  • It offers 2-in-1 account means NRIs have to open an NRI bank account and PIS with other banks. It also means that they have to transfer funds in their PIS account before trading.
  • Good Till Date/Time (GTD) and Good Till Cancelled (GTC) orders are not available.
  • Charges higher brokerage in comparison to the discount brokers.
  • Yes securities don't offer trading terminal and automated trading facility.
  • Doesn't have a 24/7 customer support desk.
  • NRIs cannot place GTC (Good Till Cancelled) order and AMO (After Market Order).
Conclusion

SMC comes across as a good choice for NRI investors who are looking for a company that offers a wide range of financial products under one roof and investment recommendations. The broker offers a good online trading platform. It also provides wealth management services to NRIs. It has a corporate office in Dubai which makes it easy for NRIs residing in the city to avail various services through branch visits. The brokerage charges of SMC Global are high in comparison to discount stock brokers.

Yes Bank is a full-service broker offering 3-in-1 NRI account for convenient online investing in India Stock Market. Online banking, trading and demat account make transactions easy for NRI customers. The broker also provides free research tips for stocks and mutual funds. Yes Bank NRI Investment account is recommended for Casual Investors who are ready to pay a higher brokerage for convenience.

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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