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SBI Securities Vs Prostocks NRI Account Comparison

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

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

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

SBI Securities Vs Prostocks

	SBI Securities	Prostocks
	SBI Securities Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe?API Review FAQs	Prostocks Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe?API Review FAQs

About the Broker	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...	Prostocks is a flat-fee discount stock broker offering online investing and trading services to Resident and NRI Investors. It offers a 2-in-1 account, combining trading and demat account, to NRIs to trade across equity, derivatives, mutual funds, an...
Account Type	NRI Account	NRI Account
Special Offer	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.	Special Offer: Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.

SBI Securities Vs Prostocks Charges

	SBI Securities	Prostocks
NRI Account Opening Fees	₹2500	₹0
NRI Account AMC	₹0	₹0
NRI Demat Account Opening Fees	Rs 0	Rs 0 (Free)
NRI Demat Account AMC	Rs 0	Rs 0 (Lifetime Zero AMC)
PIS Account AMC	₹900	NA
RBI approval for PIS (One time)	₹500 + GST	₹500 + GST
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SBI Securities Vs Prostocks NRI Account Brokerage Comparison

Account Type	SBI Securities NRI Account	Prostocks NRI Account
Equity Delivery	0.75%	₹40 per executed order
Equity Futures		₹40 per executed order
Equity Options		₹40 per executed order
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Other Charges

Contract Note Reporting Charges	₹0	NA
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%

SBI Securities Vs Prostocks NRI Account Taxes/Fees

	SBI Securities	Prostocks
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 exercised 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 exercised 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.

SBI Securities Vs Prostocks NRI Account Margin

	SBI Securities Margin	Prostocks 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.

SBI Securities and Prostocks NRI Account Features

	SBI Securities	Prostocks
3-in-1 Account
Automated Trading
Free Research And Tips
Other Features		Trading API, GTC & AMO orders
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SBI Securities Vs Prostocks NRI Account Review

	SBI Securities Review	Prostocks Review
	165 Customer Reviews	42 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Overall Rating
Broker Rating	SBI Securities is Rated 2.5 / 5 based on 165 customer reviews	Prostocks is Rated 3.2 / 5 based on 42 customer reviews
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Contact Broker / Request A Call Back

	SBI Securities Enquire	SBI Securities Enquire
Contact Broker	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.	Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.

SBI Securities Vs Prostocks NRI Investment Options

	SBI Securities	Prostocks
Stocks
Initial Public Offers (IPO)
Mutual Funds
Other Investment Options	Derivatives, FD

SBI Securities Vs Prostocks NRI Customer Service

	SBI Securities	Prostocks
Customer Care Number	+91 22 6153 6900	+91 88503 17671, +91 22 6243 4343, +91 22 3811 011
Customer Care Email	nri@sbicapsec.com	sales@prostocks.com
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SBI Securities Vs Prostocks Order Type Offered for NRI Account

	SBI Securities	Prostocks
Bracket Order
Cover Order
After Market Order (AMO)
Good Till Cancelled (GTC)

SBI Securities Vs Prostocks - NRI Account Advantages and Disadvantages

	SBI Securities	Prostocks
Pros	The largest bank in India with the highest number of branches. Offer 3 in 1 account for convenient online trading Free expert recommendations on trading & investments Assistance from Relationship Managers SBI securities NRI opening fees are lowest among full-service brokers. Mutual fund services are available to NRIs who don't have a trading account.	ProStocks is the most popular broker for NRI Trading Account. Prostocks charges a flat fee of Rs 40 per trade which is the cheapest fee charged by any broker in India. No minimum deposit or funds are required. GTC (Good Till Cancel) and AMO (After Market Order) are available. Advance order types like BO, CO, OCO, etc are available. Mutual Funds, Equity SIP, and IPO is available. Trading APIs are available at flat Rs 1000 per month. Demat and Trading accounts at Prostocks are lifetime AMC free. NRI customer doesn't require a separate Custodial Account to trade in Equity F&O. CP code no longer mandatory for NRo trading in futures and options .
Cons	Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks. Doesn't offer Good-till canceled (GTC) order.	Doesn't offer a 3-in-1 account. An NRI has to open an NRI Bank Account before opening a trading and demat account.
Conclusion	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.	Prostocks offer online trading service at the cheapest brokerage rate to the NRIs. It has partnerships with 5 popular banks in India to offer NRI trading. The free account opening and AMC free demat & trading account is an added advantage for the NRI customers. Prostocks doesn't provide research and advisory service. It suits well for frequent traders who execute 100's of trades daily.
Promo / Offers	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	ProstocksSpecial Offer Unlimited Monthly Trading @ Rs 899 Monthly unlimited trading plan @ Rs 899. Or Rs 0 Eq Delivery Brokerage and Flat Rs 15 per trade for Intraday & F&O + Lifetime Free AMC Demat Account + API for algo trading. This is a limited-time offer. Open FREE Instant Demat Account and start trading today.
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