Zerodha - Open Online Account

Best NRI Trading Account in India

Non-Resident Indians (NRI) are a growing community spread around the world. NRI Trading in India is gaining momentum as Indian stock markets become an attractive investment destination for the investors' community. Sensing the demand, stock brokers in India has also started to woo NRI traders with attractive services like 3-in-1 NRI Trading Account, Zero AMC NRI Demat Account and Low Brokerage NRI Plans.

There are many stock brokers for NRI in India like ICICIDirect, Kotak Securities, Axis Direct, Zerodha and Prostocks, etc., who offer trading and investment services in Equity, Derivatives, Mutual Funds, IPOs, and Bonds. Here's the complete list of NRI brokerage account in India with NRI trading account charges comparison.

Best Stock Broker for NRI in India

Rank Broker Brokerage Active Clients Request Callback Review
1Zerodha0.1% or ₹200 per executed order whichever is lower1,598,948Open AccountZerodha Review
2ICICI Direct0.50% - 1.25%1,081,960Open AccountICICI Direct Review
3HDFC Securities0.75%726,197Open AccountHDFC Securities Review
4Angel Broking629,260Open AccountAngel Broking Review
5Kotak Securities1.00%583,482Open AccountKotak Securities Review
6Sharekhan0.50%547,950Open AccountSharekhan Review
7AxisDirect0.75%271,990Open AccountAxisDirect Review
8Karvy0.75%231,818Open AccountKarvy Review
9IIFL Securities0.50%224,450Open AccountIIFL Securities Review
10Ventura0.40%76,526Open AccountVentura Review

NRI stock brokers can be categorized into 2 types:

  1. NRI Full-services Broker
  2. NRI Discount Stock Broker
  1. NRI Full-service brokers

    They offer a wide range of services including online stock trading, dedicated relationship manager with personalized service, research & advisory, and other wealth management solutions. Those with banking licenses such as SBI Capital, HDFC Securities, Axis Direct, ICICI Direct, etc., also offer 4-in-1 or 3-in-1 Trading account wherein NRI Bank Accounts (NRE & NRO), PIS Account, Trading, and Demat account are linked to each other for trading convenience.

  2. NRI Discount stock brokers

    They offer limited no-frill trading services including online trading and investment in Equity, F&O, MF, IPO, Bonds. They charge a very low brokerage in comparison with full-service brokers.

    NRI discount brokers like ZerodhaProstocks, Tradeplus, and Tradejini are known for the low-cost NRI brokerage plans and advanced trading platforms. Online discount brokers don't offer research and financial advisory services.

Popular stock broker for NRI in India includes Zerodha, ICICIDirect, Tradeplus, Sharekhan, Motilal Oswal, etc. Many of these NRI brokers in India also offer convenient services like dedicated NRI desks, Call n Trade, Good-till-cancelled orders (GTC), After Market Orders (AMO), Stock Recommendations and Online Trading Platform including a mobile trading app for NRI to conveniently trade from foreign countries.

Note

  1. Discount brokers do not offer NRI Bank Accounts (PIS) as they don't have a banking license. You have to open this account with an authorized bank before opening the trading and demat account with a discount stock broker.
  2. Some NRI stock brokers in India do not offer their services to NRI based in the US and Canada due to additional compliance as per FATCA and CRS regulations. The US and Canada based NRI are therefore requested to check with the broker before applying for an NRI trading account with them.
  3. Some NRI brokers require you to be physically present in India while opening the NRI trading & demat accounts. Please read our NRI broker reviews to know about the NRI trading account opening process to know in detail.

FAQ's

  1. 1. Can NRI open trading account in India?

    Yes. A Non-Resident Indian (NRI) staying outside India is permitted to open a trading account and invest/trade in the India stock market by RBI. You can read more about this at NRI Trading In India.

     

  2. 2. Can I open NRI trading account online?

    An NRI requires 3 accounts to trade/invest in the Indian stock market. This includes

    1. PIS enabled NRI Saving Bank Account (NRE or NRO)
    2. NRI Demat Account
    3. NRI Trading Account

    The process of NRI account opening is partly online.

    Most banks in India offering NRI services allows its NRI customers to fill the account forms online, download the PDF file, print it, sign it and send it to the bank.

    For discount stock brokers like Zerodha, the process is quite similar.

     

  3. 3. What are NRI Demat and trading account charges?

    NRI Demat and Trading account charges are as below:

    1. NRI Bank Account Charges
      1. NRI Bank account opening fee
      2. PIS permission charges
        1. PIS Issuance Charges
        2. PIS Account AMC
        3. Other PIS Charges (transaction charge for every buys and sells)
      3. NRI bank account AMC
    2. NRI Trading Account Charges
      1. Trading Account Opening Fee (One Time)
      2. Brokerage Charges
      3. Exchange Transaction Charges
      4. Taxes (STT, GST, SEBI Charges, Stamp Duty)
      5. Trading Platform Access Fees
      6. Call & Trade Fee
    3. NRI Demat Account Charges
      1. Demat Account Opening Fee (One Time)
      2. Demat Account AMC (Yearly)
      3. Debit Transaction Charges
      4. Other Charges i.e. Pledge Fees, Fee for updating personal info

    For more detail visit NRI Trading Charges Explained.

     


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