What are SBI NRI demat account brokerage charges?

Zerodha (Flat Rs 20 Per Trade)

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.

SBI charge flat 0.75% of the transaction value as brokerage charge for all executed trades at BSE and NSE by the NRIs.

Note that unlike discount brokers like Zerodha and ProStocks, SBI doesn't offer flat rate brokerage. Zerodha charges flat Rs 200 per executed order irrespective to the size of the order. ProStocks charge flat Rs 100 per order.

For example, if you buy 1000 shares of TCS at Rs 800 per share, your brokerage cost with SBI is 1000 * 800 * 0.75% = Rs 6000. Besides, you have to pay taxes and fees.

The same trade costs Rs 200 brokerage with Zerodha and Rs 100 brokerage with ProStocks.

Topic: SBI Securities SBI Securities NRI Account Review

1 Comments

1. saleem

| Link|December 13, 2023 8:24:58 AMReply

Can you also give example for NRI transaction, what would be the TAX. Or brokerarage and TAX together with example. The same way you have already given example for brokerage charges.

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