SBI Securities Vs Jainam Broking NRI Account Comparison

SBI Securities Vs Jainam Broking

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

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

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

 SBI SecuritiesJainam Broking
 
 SBI Securities LogoJainam Broking Logo
About the BrokerState 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 SBI Securities LtdJainam Broking Limited offers NRI (Non-Resident Indian) trading services, allowing NRIs to invest in the Indian stock market through various routes, including direct equity investments and mutual funds. They provide online account opening and trading...Know more about Jainam Broking Limited
Account TypeNRI AccountDIY Plan
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: Enjoy FREE online account opening with Jainam Broking. Start investing with minimum brokerage of Rs 18 per order. Open an Instant Account

SBI Securities Vs Jainam Broking Charges

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 SBI SecuritiesJainam Broking
NRI Account Opening Fees₹2500Rs 500
NRI Account AMC₹0One Time Lifelong Maintenance: Rs 900
NRI Demat Account Opening FeesRs 0Rs 0 (Free)
NRI Demat Account AMCRs 0Rs 0 (Free)
PIS Account AMC₹900
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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SBI Securities Vs Jainam Broking NRI Account Brokerage Comparison

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Account TypeSBI Securities NRI AccountJainam Broking DIY Plan
Equity Delivery0.75%Rs 18 per order
Equity FuturesRs 18 per order
Equity OptionsRs 18 per order
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Other Charges

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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%

SBI Securities Vs Jainam Broking NRI Account Taxes/Fees

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 SBI SecuritiesJainam Broking
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 ChargesCheck Exchange Transaction Fee
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Goods and Services Tax (GST)18% on (brokerage + transaction charges)18% on (brokerage + transaction charges)
Stamp Duty0.01% 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 Jainam Broking NRI Account Margin

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 SBI Securities MarginJainam Broking Margin
Equity Delivery1x1x
Equity Futures1x1x
Equity Options1x1x

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 Jainam Broking NRI Account Features

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 SBI SecuritiesJainam Broking
3-in-1 AccountYesNo
Automated TradingNoYes
Free Research And TipsYesNo
Other Features
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SBI Securities Vs Jainam Broking NRI Account Review

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 SBI Securities ReviewJainam Broking Review
 165 Customer Reviews    Rate SBI Securities0 Customer Reviews    Rate Jainam Broking
FeesRated 3.0 starsRated undefined stars
BrokerageRated 2.6 starsRated undefined stars
Trading PlatformRated 2.6 starsRated undefined stars
Customer ServiceRated 2.7 starsRated undefined stars
Overall RatingRated 2.5 starsRated undefined stars
Broker RatingSBI Securities is Rated 2.5 / 5 based on 165 customer reviewsJainam Broking is Rated / 5 based on 0 customer reviews
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Contact Broker / Request A Call Back

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 SBI Securities EnquireSBI 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.
Enjoy FREE online account opening with Jainam Broking. Start investing with minimum brokerage of Rs 18 per order. Open an Instant Account

SBI Securities Vs Jainam Broking NRI Investment Options

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 SBI SecuritiesJainam Broking
StocksYesYes
Initial Public Offers (IPO)YesYes
Mutual FundsYesYes
Other Investment OptionsDerivatives, FD

SBI Securities Vs Jainam Broking NRI Customer Service

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 SBI SecuritiesJainam Broking
Customer Care Number+91 22 6153 6900+91261 6725555
Customer Care Emailnri@sbicapsec.comcustomercare@jainam.in
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SBI Securities Vs Jainam Broking Order Type Offered for NRI Account

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 SBI SecuritiesJainam Broking
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)NoYes

SBI Securities Vs Jainam Broking - NRI Account Advantages and Disadvantages

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 SBI SecuritiesJainam Broking
Pros
  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.
  • User-Friendly Platform: Jainam Broking's online platform is designed for ease of use, simplifying trading and investment.
  • Low Fees: Jainam offers competitive pricing structures, which can reduce overall trading costs.
  • Diverse Investment Options: NRIs can invest in a wide range of securities, including stocks, mutual funds, bonds, and ETFs.
  • Strong Customer Support: Jainam Broking prioritises customer support to assist with any queries or issues.
  • Reliable Reputation: Jainam has a strong reputation as a trustworthy broker.
  • Fast and Simple Account Opening: Jainam offers a streamlined online account opening process.
Cons
  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.
  • Limited investment options
  • NRIs must adhere to specific regulatory guidelines
  • Additional charges for call and trade services
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.

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

Jainam BrokingSpecial Offer

Invest smart, invest simple — your journey begins at just ₹18 per order

Open a Free Demat Account online and start trading today.

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Side-by-Side Comparison of Broker

SBI Securities Vs Jainam Broking NRI Account Comparison