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ICICIdirect Vs Geojit NRI Account Comparison

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

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

Our ICICI Securities Pvt Ltd. comparison with Geojit BNP Paribas highlights the major differences between two brokers. Find the best between ICICIdirect and Geojit NRI Account.

ICICIdirect Vs Geojit

 ICICIdirectGeojit
 
 ICICIdirect LogoGeojit 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.Geojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ...Know more about Geojit BNP Paribas
Account TypeNRI 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.

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.


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ICICIdirect Vs Geojit Charges

 ICICIdirectGeojit
NRI Account Opening Fees₹4000
NRI Account AMC₹0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCFor Individual account: Rs. 700 p.a.Rs 400 per year
PIS Account AMC
RBI approval for PIS (One time)₹500 + GST₹500 + GST

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ICICIdirect Vs Geojit NRI Account Brokerage Comparison

Account TypeICICIdirect NRI AccountGeojit
Equity Delivery0.50% - 1.25%
Equity Futures0.03% - 0.05%
Equity Options₹70 to ₹95

Other Charges

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%
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ICICIdirect Vs Geojit NRI Account Taxes/Fees

 ICICIdirectGeojit
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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ICICIdirect Vs Geojit NRI Account Margin

 ICICIdirect MarginGeojit 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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ICICIdirect and Geojit NRI Account Features

 ICICIdirectGeojit
3-in-1 AccountYesNo
Automated TradingNoNo
Free Research And TipsYesYes
Other Features

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ICICIdirect Vs Geojit NRI Account Review

 ICICIdirect ReviewGeojit Review
 484 Customer Reviews    Rate ICICIdirect113 Customer Reviews    Rate Geojit
FeesRated 2.2 starsRated 3.5 stars
BrokerageRated 1.7 starsRated 3.2 stars
Trading PlatformRated 3.3 starsRated 3.9 stars
Customer ServiceRated 2.6 starsRated 3.7 stars
Overall RatingRated 2.3 starsRated 3.6 stars
Broker RatingICICIdirect is Rated 2.3 / 5 based on 484 customer reviewsGeojit is Rated 3.6 / 5 based on 113 customer reviews

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Contact Broker / Request A Call Back

 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.
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.
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ICICIdirect Vs Geojit NRI Investment Options

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

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ICICIdirect Vs Geojit NRI Customer Service

 ICICIdirectGeojit
Customer Care Number+91-22-28307780+91 0484 3911777
Customer Care Emailnri@icicidirect.comcustomercare@geojit.com

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ICICIdirect Vs Geojit Order Type Offered for NRI Account

 ICICIdirectGeojit
Bracket OrderYesNo
Cover OrderYesNo
After Market Order (AMO)YesNo
Good Till Cancelled (GTC)YesNo

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ICICIdirect Vs Geojit - NRI Account Advantages and Disadvantages

 ICICIdirectGeojit
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.
  • 30+ years of experience in the capital market in India.
  • Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
  • Dedicated research team offers investment and research tips to NRIs.
  • Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
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.
  • NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
  • Doesn't offer services to the US, UK, Australia or Canada based NRIs.
  • Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
  • High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
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.

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.

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.

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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