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Geojit Vs Alice Blue NRI Account Comparison

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

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

Our Geojit BNP Paribas comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between Geojit and Alice Blue NRI Account.

Geojit Vs Alice Blue

 GeojitAlice Blue
 
 Geojit LogoAlice Blue Logo
About the BrokerGeojit 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 ParibasAlice 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 TypeNA
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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Geojit Vs Alice Blue Charges

 GeojitAlice Blue
NRI Account Opening FeesNA
NRI Account AMCNA
NRI Demat Account Opening FeesRs 0 (Free)Rs 0
NRI Demat Account AMCRs 400 per yearRs 400
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open Alice Blue Account

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Geojit Vs Alice Blue NRI Account Brokerage Comparison

Account TypeGeojit Alice Blue NA
Equity DeliveryNA
Equity FuturesNA
Equity OptionsNA
Open Alice Blue Account

Other Charges

Contract Note Reporting ChargesNA
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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Geojit Vs Alice Blue NRI Account Taxes/Fees

 GeojitAlice 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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Geojit Vs Alice Blue NRI Account Margin

 Geojit 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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Geojit and Alice Blue NRI Account Features

 GeojitAlice Blue
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features
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Geojit Vs Alice Blue NRI Account Review

 Geojit ReviewAlice Blue Review
 113 Customer Reviews    Rate Geojit40 Customer Reviews    Rate Alice Blue
FeesRated 3.5 starsRated 3.7 stars
BrokerageRated 3.2 starsRated 3.7 stars
Trading PlatformRated 3.9 starsRated 3.3 stars
Customer ServiceRated 3.7 starsRated 2.9 stars
Overall RatingRated 3.6 starsRated 3.1 stars
Broker RatingGeojit is Rated 3.6 / 5 based on 113 customer reviewsAlice Blue is Rated 3.1 / 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

 Geojit EnquireGeojit 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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Geojit Vs Alice Blue NRI Investment Options

 GeojitAlice Blue
StocksYesNo
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment Options

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Geojit Vs Alice Blue NRI Customer Service

 GeojitAlice Blue
Customer Care Number+91 0484 3911777
Customer Care Emailcustomercare@geojit.com
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Geojit Vs Alice Blue Order Type Offered for NRI Account

 GeojitAlice Blue
Bracket OrderNoNo
Cover OrderNoNo
After Market Order (AMO)NoNo
Good Till Cancelled (GTC)NoNo

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Geojit Vs Alice Blue - NRI Account Advantages and Disadvantages

 GeojitAlice Blue
Pros
  • 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
  • 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.
  • Alice Blue does not offer NRI trading and demat account.
Conclusion

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.

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.

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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