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IIFL Securities Vs Zerodha NRI Account Comparison

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

Find out IIFL Securities Vs Zerodha which is better NRI Trading Account. See IIFL Securities Vs Zerodha which is best NRI Demat Account.

Our IIFL Securities Ltd comparison with Zerodha highlights the major differences between two brokers. Find the best between IIFL Securities and Zerodha NRI Account.

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IIFL Securities Vs Zerodha

  IIFL Securities Zerodha
 
  IIFL Securities Ltd Logo Zerodha Logo
About the Broker IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... Know more about Zerodha
Account Type NRI Account NRI Account
Special Offer
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
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 online with Zerodha and start trading today.

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IIFL Securities Vs Zerodha Charges

  IIFL Securities Zerodha
NRI Account Opening Fees ₹750 ₹500
NRI Account AMC ₹400 + GST ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0
NRI Demat Account AMC Rs 250 (Free for 1st year) Rs 300
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open IIFL Securities AccountOpen Zerodha Account

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IIFL Securities Vs Zerodha NRI Account Brokerage Comparison

Account Type IIFL Securities NRI Account Zerodha NRI Account
Equity Delivery 0.50% ₹100 per trade (non-PIS), ₹200 per trade (PIS)
Equity Futures ₹100 per trade (non-PIS), ₹200 per trade (PIS)
Equity Options ₹100 per trade (non-PIS), ₹200 per trade (PIS)
Open IIFL Securities AccountOpen Zerodha Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC: ₹300 yearly
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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IIFL Securities Vs Zerodha NRI Account Taxes/Fees

  IIFL Securities Zerodha
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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IIFL Securities Vs Zerodha NRI Account Margin

  IIFL Securities Margin Zerodha 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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IIFL Securities and Zerodha NRI Account Features

  IIFL Securities Zerodha
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes No
Other Features
Open IIFL Securities AccountOpen Zerodha Account

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IIFL Securities Vs Zerodha NRI Account Review

  IIFL Securities Review Zerodha Review
  128 Customer Reviews    Rate IIFL Securities 466 Customer Reviews    Rate Zerodha
Fees 2.8 3.7
Brokerage 2.6 4.2
Trading Platform 3.2 3.6
Customer Service 2.6 3.4
Overall Rating Rated 2.6 stars Rated 3.7 stars
Broker Rating IIFL Securities is Rated 2.6 / 5 based on 128 customer reviews Zerodha is Rated 3.7 / 5 based on 466 customer reviews
Open IIFL Securities AccountOpen Zerodha Account

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Contact Broker / Request A Call Back

  IIFL Securities Enquire Zerodha Enquire
Contact Broker Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL 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 online with Zerodha and start trading today.
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IIFL Securities Vs Zerodha NRI Investment Options

  IIFL Securities Zerodha
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options

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IIFL Securities Vs Zerodha NRI Customer Service

  IIFL Securities Zerodha
Customer Care Number +91 22 4007 1000 +91 80 4718 1888
Customer Care Email cs@iifl.com nridesk@zerodha.com
Open IIFL Securities AccountOpen Zerodha Account

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IIFL Securities Vs Zerodha Order Type Offered for NRI Account

  IIFL Securities Zerodha
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes

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IIFL Securities Vs Zerodha - NRI Account Advantages and Disadvantages

  IIFL Securities Zerodha
Pros
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
  1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges Rs 200 per trade (PIS Account) and Rs 100 per trade (Non-PIS account) whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for Rs 1 lakh, you pay Rs 750 with a full-service stock broker whereas Zerodha will charge you Rs 200.
  2. India's largest stock broker in terms of active customers.
  3. Offers access to best-in-industry trading software and tools.
  4. Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank Account.
Cons
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.
  3. Doesn't provide research reports or analysis.
Conclusion

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs.

Promo / Offers

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Zerodha Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

Open IIFL Securities AccountOpen Zerodha Account

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