The side-by-side comparison of ICICIdirect and SBI Securities NRI Account. Compare ICICIdirect Vs SBI Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read SBI Securities and ICICIdirect NRI Account reviews.
Find out ICICIdirect Vs SBI Securities which is better NRI Trading Account. See ICICIdirect Vs SBI Securities which is best NRI Demat Account.
Our ICICI Securities Pvt Ltd. comparison with SBI Securities Ltd highlights the major differences between two brokers. Find the best between ICICIdirect and SBI Securities NRI Account.
| ICICIdirect | SBI Securities | |
|---|---|---|
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| About the Broker | ICICI 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... | State 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... |
| Account Type | NRI Account | NRI 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. |
| ICICIdirect | SBI Securities | |
|---|---|---|
| NRI Account Opening Fees | ₹4000 | ₹2500 |
| NRI Account AMC | ₹0 | ₹0 |
| NRI Demat Account Opening Fees | Rs 0 (Free) | Rs 0 |
| NRI Demat Account AMC | For Individual account: Rs. 700 p.a. | Rs 0 |
| PIS Account AMC | ₹900 | |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Account Type | ICICIdirect NRI Account | SBI Securities NRI Account |
|---|---|---|
| Equity Delivery | 0.50% - 1.25% | 0.75% |
| Equity Futures | 0.03% - 0.05% | |
| Equity Options | ₹70 to ₹95 | |
| Contract Note Reporting Charges | ₹0 | |
| 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 | SBI Securities | |
|---|---|---|
| Securities Transaction Tax (STT) |
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| Exchange Transaction Charges | Check Exchange Transaction Fee | |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Goods and Services Tax (GST) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| Stamp Duty | 0.01% 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 Margin | SBI Securities Margin | |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Futures | 1x | 1x |
| Equity Options | 1x | 1x |
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 | SBI Securities | |
|---|---|---|
| 3-in-1 Account |  | |
| Automated Trading |  | |
| Free Research And Tips | | |
| Other Features | ||
| ICICIdirect Review | SBI Securities Review | |
|---|---|---|
486 Customer Reviews  | 165 Customer Reviews | |
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| Overall Rating |  |  |
| Broker Rating | ICICIdirect is Rated 2.3 / 5 based on 486 customer reviews | SBI Securities is Rated 2.5 / 5 based on 165 customer reviews |
| ICICIdirect Enquire | ICICIdirect 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. |
| ICICIdirect | SBI Securities | |
|---|---|---|
| Stocks | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
| Other Investment Options | ETF, Corporate Bonds, NCD, FD, Insurance | Derivatives, FD |
| ICICIdirect | SBI Securities | |
|---|---|---|
| Customer Care Number | +91-22-28307780 | +91 22 6153 6900 |
| Customer Care Email | nri@icicidirect.com | nri@sbicapsec.com |
| ICICIdirect | SBI Securities | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| ICICIdirect | SBI Securities | |
|---|---|---|
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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. | 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. |
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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