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SBI Securities Vs Alice Blue NRI Account Comparison

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

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

Our SBI Securities Ltd comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between SBI Securities and Alice Blue NRI Account.

SBI Securities Vs Alice Blue

 SBI SecuritiesAlice Blue
 
SBI Securities ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
Alice Blue ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
 SBI Securities LogoAlice Blue 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 LtdAlice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 2019, ' We wish to inform you that currently, we are not offering our services to NRIs, only Resident Indians can open an account with us. NRI's ca...Know more about Alice Blue Financial Services
Account TypeNRI AccountNA
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: Get equity delivery trading in Rs 20 per executed order or 2.5% whichever is lower and Flat Rs 20 intraday and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
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SBI Securities Vs Alice Blue Charges

 SBI SecuritiesAlice Blue
NRI Account Opening Fees₹2500NA
NRI Account AMC₹0NA
NRI Demat Account Opening FeesRs 0Rs 0
NRI Demat Account AMCRs 0Rs 400
PIS Account AMC₹900NA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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SBI Securities Vs Alice Blue NRI Account Brokerage Comparison

Account TypeSBI Securities NRI AccountAlice Blue NA
Equity Delivery0.75%NA
Equity FuturesNA
Equity OptionsNA
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Other Charges

Contract Note Reporting Charges₹0NA
Other Brokerage ChargesNA
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%
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SBI Securities Vs Alice Blue NRI Account Taxes/Fees

 SBI SecuritiesAlice Blue
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.
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SBI Securities Vs Alice Blue NRI Account Margin

 SBI Securities MarginAlice Blue 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.

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SBI Securities and Alice Blue NRI Account Features

 SBI SecuritiesAlice Blue
3-in-1 AccountYesNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features
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SBI Securities Vs Alice Blue NRI Account Review

 SBI Securities ReviewAlice Blue Review
 165 Customer Reviews    Rate SBI Securities40 Customer Reviews    Rate Alice Blue
FeesRated 3.0 starsRated 3.7 stars
BrokerageRated 2.6 starsRated 3.7 stars
Trading PlatformRated 2.6 starsRated 3.3 stars
Customer ServiceRated 2.7 starsRated 2.9 stars
Overall RatingRated 2.5 starsRated 3.1 stars
Broker RatingSBI Securities is Rated 2.5 / 5 based on 165 customer reviewsAlice Blue is Rated 3.1 / 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

 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.
Get equity delivery trading in Rs 20 per executed order or 2.5% whichever is lower and Flat Rs 20 intraday and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
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SBI Securities Vs Alice Blue NRI Investment Options

 SBI SecuritiesAlice Blue
StocksYesNo
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment OptionsDerivatives, FD
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SBI Securities Vs Alice Blue NRI Customer Service

 SBI SecuritiesAlice Blue
Customer Care Number+91 22 6153 6900
Customer Care Emailnri@sbicapsec.com
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SBI Securities Vs Alice Blue Order Type Offered for NRI Account

 SBI SecuritiesAlice Blue
Bracket OrderYesNo
Cover OrderYesNo
After Market Order (AMO)YesNo
Good Till Cancelled (GTC)NoNo
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SBI Securities Vs Alice Blue - NRI Account Advantages and Disadvantages

 SBI SecuritiesAlice Blue
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.
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.
  • Alice Blue does not offer NRI 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.

Alice Blue, the Bangalore based financial service provider, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with Alice Blue, you have to close it and open a new account with another broker who offers NRI services.

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

Alice BlueSpecial Offer

Free Equity Delivery Trade

Trade equity delivery in Rs 20 per executed order or 2.5% whichever is lower. Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue and start trading today.

Open Alice Blue Account
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