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5paisa Vs Religare NRI Account Comparison

The side-by-side comparison of 5paisa and Religare NRI Account. Compare 5paisa Vs Religare NRI Account brokerage charges, exposure margin, demat account and AMC. Read Religare and 5paisa NRI Account reviews.

Find out 5paisa Vs Religare which is better NRI Trading Account. See 5paisa Vs Religare which is best NRI Demat Account.

Our 5paisa Capital Ltd comparison with Religare highlights the major differences between two brokers. Find the best between 5paisa and Religare NRI Account.

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5paisa Vs Religare

  5paisa Religare
 
  5paisa Capital Ltd Logo Religare Logo
About the Broker 5paisa does not offer NRI trading and demat account. As per the company representative on 22nd July 2019, 'We wish to inform you that currently we are not offering our services to NRIs, only Resident Indians can open an account with us. ... Know more about 5paisa Capital Ltd Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds. Religareo... Know more about Religare
Account Type NA NRI Account
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa 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.


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5paisa Vs Religare Charges

  5paisa Religare
NRI Account Opening Fees NA
NRI Account AMC NA
NRI Demat Account Opening Fees Rs 0 (Free) Nil
NRI Demat Account AMC Rs 300 Rs 400 from second year onward
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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5paisa Vs Religare NRI Account Brokerage Comparison

Account Type 5paisa NA Religare NRI Account
Equity Delivery NA
Equity Futures NA
Equity Options NA
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Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges NA ODIN Diet: ₹999 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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5paisa Vs Religare NRI Account Taxes/Fees

  5paisa Religare
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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5paisa Vs Religare NRI Account Margin

  5paisa Margin Religare 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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5paisa and Religare NRI Account Features

  5paisa Religare
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No Yes
Other Features
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5paisa Vs Religare NRI Account Review

  5paisa Review Religare Review
  94 Customer Reviews    Rate 5paisa 77 Customer Reviews    Rate Religare
Fees 2.9 3.2
Brokerage 3.5 3.1
Trading Platform 2.7 3.0
Customer Service 2.1 2.9
Overall Rating Rated 2.6 stars Rated 2.9 stars
Broker Rating 5paisa is Rated 2.6 / 5 based on 94 customer reviews Religare is Rated 2.9 / 5 based on 77 customer reviews
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Contact Broker / Request A Call Back

  5paisa Enquire Religare Enquire
Contact Broker FREE Account Opening (Rs 650 waived) + Brokerage-free Mutual Funds + Trade at flat Rs 20 per order. Open Instant Account with 5paisa 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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5paisa Vs Religare NRI Investment Options

  5paisa Religare
Stocks No Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Other Investment Options

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5paisa Vs Religare NRI Customer Service

  5paisa Religare
Customer Care Number NA 0120 6130300
Customer Care Email NA wecare@religareonline.com
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5paisa Vs Religare Order Type Offered for NRI Account

  5paisa Religare
Bracket Order No
Cover Order No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No

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5paisa Vs Religare - NRI Account Advantages and Disadvantages

  5paisa Religare
Pros
  • Dedicated NRI Invest team and relationship managers to all NRIs.
  • Free research, recommendation and trading tips to NRIs.
  • NRIs can hedge the portfolio risk using futures and options trading facility.
  • Offers Mutual Fund services to NRIs
Cons
  • 5paisa does not offer NRI trading and demat account.
  • Brokerage charges are higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
  • Religare doesn't offer automated trading to the investors.
  • Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank account before trading.
Conclusion

5paisa, the 2nd largest discount stock broker in India, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with 5paisa, you have to close it and open a new account with another broker who offers NRI services.

Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.

Promo / Offers

5paisa Special Offer

5paisa.com Limited Time Offer - Free Account Opening (Rs 650 waived)

Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 20 per order.

Open Online Account Now! and start trading today.

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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