The side-by-side comparison of 5paisa and Kotak Neo NRI Account. Compare 5paisa Vs Kotak Neo NRI Account brokerage charges, exposure margin, demat account and AMC. Read Kotak Neo and 5paisa NRI Account reviews.
Find out 5paisa Vs Kotak Neo which is better NRI Trading Account. See 5paisa Vs Kotak Neo which is best NRI Demat Account.
Our 5paisa Capital Ltd comparison with Kotak Neo highlights the major differences between two brokers. Find the best between 5paisa and Kotak Neo NRI Account.
| 5paisa | Kotak Neo | |
|---|---|---|
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| About the Broker | 5paisa does not offer NRI trading and demat account. As per the company representative on 22nd July 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 can ope... | Kotak 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... |
| Account Type | NA | NRI Account |
| Special Offer | Special Offer: ₹0 Account Opening| ₹20/order – Equity Delivery, Intraday, Futures & Options | ₹0 Commission on Mutual Funds Open Instant Account with 5paisa | Special Offer: Trade smarter with Kotak Neo low-cost plans. |
| 5paisa | Kotak Neo | |
|---|---|---|
| NRI Account Opening Fees | NA | ₹3750 |
| NRI Account AMC | NA | ₹0 |
| NRI Demat Account Opening Fees | Rs 0 (Free) | Rs 0 (Free) |
| NRI Demat Account AMC | Rs 300 (₹75 charged quarterly) | Rs 600 |
| PIS Account AMC | NA | ₹1000 |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Open 5paisa Account | Open Kotak Neo Account |
| Account Type | 5paisa NA | Kotak Neo NRI Account |
|---|---|---|
| Equity Delivery | NA | 1.00% |
| Equity Futures | NA | 1.00% |
| Equity Options | NA | 1.00% |
| Open 5paisa Account | Open Kotak Neo Account |
| Contract Note Reporting Charges | NA | ₹0 |
| Other Brokerage Charges | NA | Average 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% |
| 5paisa | Kotak Neo | |
|---|---|---|
| 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. |
| 5paisa Margin | Kotak Neo 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. | ||
| 5paisa | Kotak Neo | |
|---|---|---|
| 3-in-1 Account |  |  |
| Automated Trading | | |
| Free Research And Tips | | |
| Other Features | ||
| Open 5paisa Account | Open Kotak Neo Account |
| 5paisa Review | Kotak Neo Review | |
|---|---|---|
97 Customer Reviews  | 202 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform |  |  |
| Customer Service |  |  |
| Overall Rating |  | |
| Broker Rating | 5paisa is Rated 2.6 / 5 based on 97 customer reviews | Kotak Neo is Rated 2.4 / 5 based on 202 customer reviews |
| Open 5paisa Account | Open Kotak Neo Account |
| 5paisa Enquire | 5paisa Enquire | |
|---|---|---|
| Contact Broker | ₹0 Account Opening| ₹20/order – Equity Delivery, Intraday, Futures & Options | ₹0 Commission on Mutual Funds Open Instant Account with 5paisa | Trade smarter with Kotak Neo low-cost plans. |
| 5paisa | Kotak Neo | |
|---|---|---|
| Stocks | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
| Other Investment Options |
| 5paisa | Kotak Neo | |
|---|---|---|
| Customer Care Number | NA | 022 6689 6000, 022 6652 9191 |
| Customer Care Email | NA | nricustomerservice@kotak.com |
| Open 5paisa Account | Open Kotak Neo Account |
| 5paisa | Kotak Neo | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| 5paisa | Kotak Neo | |
|---|---|---|
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| Cons |
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Conclusion | 5paisa, the 2nd largest discount stock broker in India, 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 5paisa, you have to close it and open a new account with another broker who offers NRI services. | 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 | 5paisaSpecial OfferFlat ₹20 Brokerage. Endless Opportunities
| Kotak NeoSpecial OfferKotak Neo Trade Free Plan Open a 3-in-1 account and get:
Interested in opening a trading account? Open Instant Account Now |
| Open 5paisa Account | Open Kotak Neo Account |
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