• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

Best Brokers for NRI Trading Services :

Who is NRI and POI?

Non-Resident Indian (NRI) An Indian Citizen who stays abroad for employment/carrying on business or vocation outside India or stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident.

As per Income Tax act to qualify to become NRI the person should stay out for >180days in a financial year or 365 days spread out over four consecutive years AND at least 60 days in that year.

A Person of Indian Origin (PIO) means a foreign citizen (except a national of Pakistan, Afghanistan, Bangladesh, China, Iran, Bhutan, Sri Lanka and/or Nepal), who:

  • at any time held an Indian passport OR
  • or either of their parents/ grandparents/ great-grandparents were born and permanently resident in India as defined in Government of India Act, 1935 and other territories that became part of India thereafter provided neither was at any time a citizen of any of the aforesaid countries (as referred above). OR
  • is a spouse of a citizen of India or a PIO

NRI's and PIO's can invest in equity shares, debt funds, mutual funds and IPO's in India. NRIs can also trade in Equity F&O at the exchanges like BSE, NSE and MCX. NRI's are permitted by RBI to invest and trade in the India Stock Market through the PIS route and CP route.

Steps for opening NRI Share Trading Account (Open Demat Account NRI)

To trade in stock market in India, NRI investor has to open 3 different accounts and link them together.

The NRI Equity Trading account includes:

  • A Bank Account, also known as NRI Account is to keep the money for trading. This account is opened with a bank. NRI needs approval by the RBI for open this account though the PIS route. Banks whom which you are opening the account usually takes care of it. Once you get the necessary approvals through the bank, you will be given the PIS (Portfolio Investment Scheme) Letter. This PIS letter is required to open the trading and demat account.
  • A Demat Account to hold shares. This account is opened with Depository Participant (DP).
  • A Trading Account,an account with the share broker which enables the NRI investor to execute the trade in the stock exchanges.
  • A Custody Account,if NRI is planning to trade in Equity Derivatives (F&O) segment. This account is to manage the settlements of all security transactions undertaken by the clients. This has to open with Custodial Participant i.e. IL&FS.

Here we come with "Best brokers for NRI Trading in India: 

Zerodha started offering NRI Services @ Rs 200 per executable order for Equity and F&O.Zerodha NRI account. As of now they are only servicing clients having PIS account with Axis or HDFC bank. Accounts in other banks will be served shortly. Intraday equity trading, currency trading and Commodity trading is not allowed for NRI's.> 

ProStocks NRI Investment Services include trading in equities, futures, and options on NSE and BSE at the cheapest brokerage of Rs 100 per executed order.

ProStocks NRI Account features include.

  • Trading and Demat Account Opening charges: Free
  • AMC for Trading Account : Nil (Zero)
  • Demat account AMC : Free with Rs 1000 refundable one time deposit.
  • Brokerage Charges: Rs 100 per trade (all segments).
  • Online EKYC, fill your form online.

Sharekhan offers NRI Investment Services to trade online on NSE, BSE,trade in mutual Funds on any of the trading platforms Sharekhan offered.:

  FOR HDFC BANK(IN RS.) FOR AXIS/INDUSIND/IDBI BANK(IN RS.)
Account Service Charge (Normal KYC) 2000 1000
Account Service Charge (For downloaded & Printed KYCs) 3000 2000

BROKERAGE:

  • Equity Transactions: 0.50%
  • Futures: 0.1% on first leg and 0.02% on second leg if squared off on the same day or 0.1% if square off on any other day.
  • Options: Rs.250 per contract note.

ICICI offers a 3-in-1 account for NRI's to invest in India. This includes the seamlessly integrated Bank Account, Demat Account and Share Broking Account. This online account allows you to invest in Stocks, Mutual Funds, IPOs, Bonds, EFTs and trade in equity derivatives (futures and options) in India Stock Market.

strong>ICICI NRI Account Charges:

  • ICICI NRI 3-in-1 Account Opening Charges: Rs 4000
  • ICICI NRI 3-in-1 Account Annual Maintenance Charges: Rs 1000 per year

ICICI NRI Brokerage Charges:

Segment Brokerage Charges
Equity Delivery 1.25% to 0.50%
Equity Future 0.05% to 0.03%
Equity Options Rs 95 to Rs 75

Kotak securities offers NRI 3-in-1 Account (known as Trinity Account), a combination of Bank, Demat and Trading Account to provide you a seamless platform to trade and invest in India Stock Market.

Kotak Securities NRI Account Charges:

  • Kotak Securities NRI 3-in-1 Account opening charges: Rs 3750
  • Kotak Securities NRI 3-in-1 Account annual maintenance Charges: Rs 1000 per year
  • Kotak Securities NRI Demat Accounts maintenance Charges : Rs. 75 per month

Kotak Securities NRI Brokerage Charges:

  • 1% of the turnover or 10 Paise per share, whichever is higher
ProStocksZerodhaSharekhanICICI DirectKotak Securities
Overall
(3.2/5)  
(3.84/5)  
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(3.48/5)  
Brokerage & Other Charges
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(1.35/5)  
Experience (Yrs / No. Of User)
(2/5)  
(4.5/5)  
(5/5)  
(5/5)  
(5/5)  
Customer Services
(2.5/5)  
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(5/5)  
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(5/5)  
Investment Offering
(2.6/5)  
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Plateform & Tools
(4.5/5)  
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Research
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Mobile Trading
(3/5)  
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(3.9/5)  
ProStocksZerodhaSharekhanICICI DirectKotak Securities
Minimum Brokerage Rs. 15 NIL Rs. 20 Rs. 35 Rs. 21
Brokerage Plan Monthly : Rs.899 Equity/Rs.499 Currency Plan. Yearly : Rs.Rs.8999Equity/Rs.4999 Currency Plan. NA Classic Plan: 0.50%( Irrespective of volume). Post paid Plan : 0.50% to 0.10% (depending on the margin scheme). Pre-paid Plan : 0.50% to 0.08% I Saver Plan: 0.75% to 0.25% (Depending on the volume). I Secure Plan : 0.55% Irrespective of volume. Pre-paid : 0.45% to 0.12% Dynamic Plan: 0.50% to 0.30% ( As per volume). Advance Plan : 0.39% to 0.12% (depending on the Advance scheme). Fixed Plan : 0.49%
Equity Delivery Rs.15 per Trade NIL 0.50% 0.55% 0.5%
Equity Intraday Rs.15 per Trade 0.01% or Rs.20 per Trade (whichever is lower) 0.100% 0.275% 0.05%
Equity Future Rs.15 per Trade 0.01% or Rs.20 per Trade (whichever is lower) 0.1% on 1st leg and square off any other day 0.05% to 0.03% 0.05%
Equity Options Rs.15 per Trade 0.01% or Rs.20 per Trade (whichever is lower) Rs 100/- per lot or 2.5% on premium (whichever is higher) Flat Rs 95 to 35 Per contract Rs.300 per lot
Currency Future Rs.15 per Trade 0.01% or Rs.20 per Trade (whichever is lower) 0.001 0.05% to 0.03% 0.04%
Currency Options Rs.15 per Trade 0.01% or Rs.20 per Trade (whichever is lower) Rs.30/- per lot or 2.5% on premium (whichever is higher) Flat Rs 25 to 10 Per lot ₹20/ Per Lot
Commodity Trading NA 0.01% or Rs.20 per Trade (whichever is lower) NA NA NA
ProStocksZerodhaSharekhanICICI DirectKotak Securities
Equity Delivery NSE: 0.00350%| BSE: 0.00275% NSE: 0.00325%, BSE Rs1 NSE : 0.00310% | BSE 0.00280% NSE : 0.00310% | BSE 0.00280% 0.02%
Equity Intraday NSE: 0.00350%| BSE: 0.00275% NSE: 0.00325%, BSE Rs1 NSE : 0.00350%, BSE ? 1.5 NSE : 0.00350%, BSE ? 1.5 0.02%
Equity Future NSE: 0.00190%| BSE: 0.0005% NSE: 0.0021%, BSE Rs1 NSE : 0.0018% NSE : 0.0018% NSE : 0.00415%
Equity Options NSE: 0.05%| BSE: 0.025% NSE: 0.053%, BSE Rs1 NSE : 0.0450%|BSE 0.0450% NSE : 0.0450%|BSE 0.0450% NSE : 0.05315%
Currency Future NSE: 0.0011%| BSE: 0.0001% NSE: 0.00135% NSE: 0.0009% NSE: 0.0009% NSE: 0.0033%
Currency Options NSE: 0.04%| BSE: 0.0001% NSE: 0.044% NSE: 0.04% NSE: 0.04% NSE: 0.04415%
Commodity Trading NA Non-Agri: 0.0031% | Agri: 0.00175% NA NA NA
ProStocksZerodhaSharekhanICICI DirectKotak Securities
Accounting Opening (Trading A/c) Rs.0 Rs 200 for self printed or Rs 300 courier form Rs 750 (adjusted against first 6 months brokerage) Rs 975 Rs 750
Accounting Opening (Demat A/c) Rs.0 Rs 100 NIL Rs 100 NIL
AMC Yearly (Trading) Rs.0 NIL NIL NIL NIL
AMC Yearly (Demat) Rs.0 Rs 300 Rs 400 Rs 500/Rs 600 Rs 600
ProStocksZerodhaSharekhanICICI DirectKotak Securities
Call in Trade
Trading in Both the Exchanges
3 in 1 Online Trading Account
NRI Services
Offers Multiple Plan
IPO Investment
Brokerage Calculator
Margin Calculator
ProStocksZerodhaSharekhanICICI DirectKotak Securities
Commodity Trading
Investment in Mutual Funds
Investment in ETFs
Investment in Bonds
Investement in Debt funds
Banking Services
Insurance Services
SIP (Mutual Funds)
ProStocksZerodhaSharekhanICICI DirectKotak Securities
Toll Free Number
Live Chat Facility
Email Facility
Branch Offices
Customer Care
ProStocksZerodhaSharekhanICICI DirectKotak Securities
Web-Platform
Mobile App_Android
Mobile App_Iphone
Desktop_Windows
Desktop_Mac
Ipad_App
ProStocksZerodhaSharekhanICICI DirectKotak Securities
Equity Trading Recommendations
Equity Investment Recommendations
Free Tips
Daily Market Reports
ETF Research
Quarterly Results
Mutual Fund recommendation Basis Risk Profile
Mutual fund comparision
ProStocksZerodhaSharekhanICICI DirectKotak Securities
No of Active Users 2581 641682 548965 813559 382419
Years of Experience <5 Yr 5-10 Yr >10 Yr >10 Yr >10 Yr