Kotak Neo Vs Jainam Broking NRI Account Comparison

Kotak Neo Vs Jainam Broking

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

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

Our Kotak Neo comparison with Jainam Broking Limited highlights the major differences between two brokers. Find the best between Kotak Neo and Jainam Broking NRI Account.

 Kotak NeoJainam Broking
 
 Kotak Neo LogoJainam Broking Logo
About the BrokerKotak Neo is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak Neo NRI account (NRI 3-in-1 account) combine...Know more about Kotak NeoJainam 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
Special Offer:

Trade smarter with Kotak Neo low-cost plans.
₹10 per order – Intraday
₹10 per order – Futures & Options
₹0 Brokerage on Delivery Trades (Youth Plan*)

Open Instant Account Now

Special Offer:

Free Demat Account Opening with Zero AMC (Lifetime)| Start trading at Flat ₹20 Per Order on Delivery, Intraday & F&O.

Open Free Jainam Account Today

Kotak Neo Vs Jainam Broking Charges

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 Kotak NeoJainam Broking
NRI Account Opening Fees₹3750Rs 500
NRI Account AMC₹0One Time Lifelong Maintenance: Rs 900
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 600Rs 0 (Free)
PIS Account AMC₹1000
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open Kotak Neo AccountOpen Jainam Broking Account

Kotak Neo Vs Jainam Broking NRI Account Brokerage Comparison

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Account TypeKotak Neo NRI AccountJainam Broking DIY Plan
Equity Delivery1.00%Rs 18 per order
Equity Futures1.00%Rs 18 per order
Equity Options1.00%Rs 18 per order
Open Kotak Neo AccountOpen Jainam Broking Account

Other Charges

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Contract Note Reporting Charges₹0
Other Brokerage ChargesAverage Quarterly Balance: ₹10000
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%

Kotak Neo Vs Jainam Broking NRI Account Taxes/Fees

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 Kotak NeoJainam 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.

Kotak Neo Vs Jainam Broking NRI Account Margin

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 Kotak Neo 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.

Kotak Neo and Jainam Broking NRI Account Features

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 Kotak NeoJainam Broking
3-in-1 AccountYesNo
Automated TradingNoYes
Free Research And TipsYesNo
Other Features
Open Kotak Neo AccountOpen Jainam Broking Account

Kotak Neo Vs Jainam Broking NRI Account Review

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 Kotak Neo ReviewJainam Broking Review
 202 Customer Reviews    Rate Kotak Neo0 Customer Reviews    Rate Jainam Broking
FeesRated 2.4 starsRated undefined stars
BrokerageRated 2.3 starsRated undefined stars
Trading PlatformRated 3.2 starsRated undefined stars
Customer ServiceRated 2.8 starsRated undefined stars
Overall RatingRated 2.4 starsRated undefined stars
Broker RatingKotak Neo is Rated 2.4 / 5 based on 202 customer reviewsJainam Broking is Rated / 5 based on 0 customer reviews
Open Kotak Neo AccountOpen Jainam Broking Account

Contact Broker / Request A Call Back

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 Kotak Neo EnquireKotak Neo Enquire
Contact Broker

Trade smarter with Kotak Neo low-cost plans.
₹10 per order – Intraday
₹10 per order – Futures & Options
₹0 Brokerage on Delivery Trades (Youth Plan*)

Open Instant Account Now

Free Demat Account Opening with Zero AMC (Lifetime)| Start trading at Flat ₹20 Per Order on Delivery, Intraday & F&O.

Open Free Jainam Account Today

Kotak Neo Vs Jainam Broking NRI Investment Options

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 Kotak NeoJainam Broking
StocksYesYes
Initial Public Offers (IPO)YesYes
Mutual FundsYesYes
Other Investment Options

Kotak Neo Vs Jainam Broking NRI Customer Service

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 Kotak NeoJainam Broking
Customer Care Number022 6689 6000, 022 6652 9191+91261 6725555
Customer Care Emailnricustomerservice@kotak.comcustomercare@jainam.in
Open Kotak Neo AccountOpen Jainam Broking Account

Kotak Neo Vs Jainam Broking Order Type Offered for NRI Account

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

Kotak Neo Vs Jainam Broking - NRI Account Advantages and Disadvantages

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 Kotak NeoJainam Broking
Pros
  1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
  2. Part of the reputed Kotak group
  3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
  4. AMO and GTC order types make it easy for NRIs to place orders at any time.
  5. A dedicated research team for expert advice and recommendations
  6. Offers a range of advanced online trading platforms and tools.
  7. Offers online mutual fund, IPO and NCD investment facility.
  • 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. The brokerage charges are higher in comparison to discount stock broker like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.
  • Limited investment options
  • NRIs must adhere to specific regulatory guidelines
  • Additional charges for call and trade services
Conclusion

Kotak Neo is a full-service broker. It offers convenient stock trading and investment to NRIs through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Neo brokerage charges are on the higher side. Kotak Neo has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.

Promo / Offers

Kotak NeoSpecial Offer

Kotak Neo Trade Free Plan

Open a 3-in-1 account and get:

  • Brokerage – Rs 10 Intraday trades (Equity and F&O)
  • Flat Rs 10 per trade brokerage in F&O
  • Zero API charges with zero brokerage on API-routed trades
  • Margin Trading Facility (MTF) with interest starting from 0.041% per day

Interested in opening a trading account? Open Instant Account Now

Jainam BrokingSpecial Offer

Pay Less. Trade More. Grow Faster with Jainam Broking

  • Zero Account Opening Charges
  • No Annual maintenance charges
  • Trade at flat ₹20 per order across segments - Intraday, Delivery and F&O
  • Trade on multiple platforms (JLite app, JPlus web, and Strike).

Open Free Jainam Demat Account

Open Kotak Neo AccountOpen Jainam Broking Account

Compare Kotak Neo and Jainam Broking with other NRI Brokers

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Side-by-Side Comparison of Broker

Kotak Neo Vs Jainam Broking NRI Account Comparison