ICICIdirect Vs Jainam Broking NRI Account Comparison

ICICIdirect Vs Jainam Broking

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

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

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

 ICICIdirectJainam Broking
 
 ICICIdirect LogoJainam Broking Logo
About the BrokerICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab...Know more about ICICI Securities Pvt Ltd.Jainam 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

ICICIdirect Vs Jainam Broking Charges

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 ICICIdirectJainam Broking
NRI Account Opening Fees₹4000Rs 500
NRI Account AMC₹0One Time Lifelong Maintenance: Rs 900
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCFor Individual account: Rs. 700 p.a.Rs 0 (Free)
PIS Account AMC
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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ICICIdirect Vs Jainam Broking NRI Account Brokerage Comparison

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Account TypeICICIdirect NRI AccountJainam Broking DIY Plan
Equity Delivery0.50% - 1.25%Rs 18 per order
Equity Futures0.03% - 0.05%Rs 18 per order
Equity Options₹70 to ₹95Rs 18 per order
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Other Charges

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Contract Note Reporting Charges
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%

ICICIdirect Vs Jainam Broking NRI Account Taxes/Fees

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 ICICIdirectJainam 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.

ICICIdirect Vs Jainam Broking NRI Account Margin

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 ICICIdirect 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.

ICICIdirect and Jainam Broking NRI Account Features

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 ICICIdirectJainam Broking
3-in-1 AccountYesNo
Automated TradingNoYes
Free Research And TipsYesNo
Other Features
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ICICIdirect Vs Jainam Broking NRI Account Review

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 ICICIdirect ReviewJainam Broking Review
 486 Customer Reviews    Rate ICICIdirect0 Customer Reviews    Rate Jainam Broking
FeesRated 2.2 starsRated undefined stars
BrokerageRated 1.7 starsRated undefined stars
Trading PlatformRated 3.3 starsRated undefined stars
Customer ServiceRated 2.6 starsRated undefined stars
Overall RatingRated 2.3 starsRated undefined stars
Broker RatingICICIdirect is Rated 2.3 / 5 based on 486 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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 ICICIdirect EnquireICICIdirect 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

ICICIdirect Vs Jainam Broking NRI Investment Options

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 ICICIdirectJainam Broking
StocksYesYes
Initial Public Offers (IPO)YesYes
Mutual FundsYesYes
Other Investment OptionsETF, Corporate Bonds, NCD, FD, Insurance

ICICIdirect Vs Jainam Broking NRI Customer Service

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 ICICIdirectJainam Broking
Customer Care Number+91-22-28307780+91261 6725555
Customer Care Emailnri@icicidirect.comcustomercare@jainam.in
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ICICIdirect Vs Jainam Broking Order Type Offered for NRI Account

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 ICICIdirectJainam Broking
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesYes

ICICIdirect Vs Jainam Broking - NRI Account Advantages and Disadvantages

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 ICICIdirectJainam Broking
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  • 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. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  • Limited investment options
  • NRIs must adhere to specific regulatory guidelines
  • Additional charges for call and trade services
Conclusion

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

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

ICICIdirect Vs Jainam Broking NRI Account Comparison