Zerodha Vs SBI Securities NRI Account Comparison

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

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

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

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Zerodha Vs SBI Securities

  Zerodha SBI Securities
 
Zerodha Logo SBICAP Securities Ltd Logo
About the Broker 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 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 NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with Zerodha. 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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Zerodha Vs SBI Securities Charges

  Zerodha SBI Securities
NRI Account Opening Fees ₹500 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹300 ₹350
PIS Account AMC ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Zerodha Vs SBI Securities NRI Account Brokerage Comparison

Brokerage Plan

  Zerodha SBI Securities
Account Type NRI Account NRI Account
Equity Delivery ₹200 per executed order 0.75%
Equity Futures ₹100 per executed order
Equity Options ₹100 per executed order

Other Charges

Contract Note Reporting Charges ₹0
Other Brokerage Charges
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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Zerodha Vs SBI Securities NRI Account Taxes/Fees

  Zerodha 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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Zerodha Vs SBI Securities NRI Account Exposure Margin

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

  Zerodha SBI Securities
3-in-1 Account No Yes
Automated Trading No No
Free Research And Tips No Yes
Other Features
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Zerodha Vs SBI Securities NRI Account Review

  Zerodha SBI Securities
  369 Customer Reviews    Rate Zerodha 131 Customer Reviews    Rate SBI Securities
Fees 3.8 3.2
Brokerage 4.3 2.8
Trading Platform 3.6 2.6
Customer Service 3.5 2.8
Overall Rating Rated 3.7 stars Rated 2.6 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 369 customer reviews SBI Securities is Rated 2.6 / 5 based on 131 customer reviews
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Contact Broker / Request A Call Back

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

  Zerodha SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Other Investment Options Derivatives, FD
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Zerodha Vs SBI Securities NRI Customer Service

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

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

  Zerodha SBI Securities
Pros
  1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges ₹200 per order whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for ₹1 lakh, you pay ₹750 with a full-service stock broker whereas Zerodha will charge you ₹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, Axis Bank, and Yes Bank NRI Bank Account.
  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. 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.
  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

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, Axis Bank, and Yes 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.

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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Zerodha Vs SBI Securities - More Reviews

  Zerodha SBI Securities
NRI Trading Review Zerodha NRI Account Review SBI Securities NRI Account Review
Enquire Zerodha Enquire SBI Securities
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