HDFC Securities Vs Zerodha NRI Account Comparison

HDFC Securities Vs Zerodha NRI Account Comparison

The side-by-side comparison of HDFC Securities and Zerodha NRI Account. Compare HDFC Securities Vs Zerodha NRI Account brokerage charges, exposure margin, demat account and AMC. Read Zerodha and HDFC Securities NRI Account reviews.

Find out HDFC Securities Vs Zerodha which is better NRI Trading Account. See HDFC Securities Vs Zerodha which is best NRI Demat Account.

Our HDFC Securities Ltd comparison with Zerodha highlights the major differences between two brokers. Find the best between HDFC Securities and Zerodha NRI Account.

HDFC Securities Vs Zerodha

  HDFC Securities Zerodha
HDFC Securities Ltd Logo
About the Broker HDFC, a leading private bank in India, offers online trading and investment services in India Stock Market to NRIs located across the globe. HDFC NRI 3-in-1 Account offers a seamless trading experience to NRIs. It offers an integrated NRI trading acc. Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account.
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with HDFC Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.

HDFC Securities Vs Zerodha Charges

  HDFC Securities Zerodha
NRI Account Opening Fees ₹2500 ₹500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹750 ₹300
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

HDFC Securities Vs Zerodha NRI Account Brokerage Comparison

Brokerage Plan

  HDFC Securities Zerodha
Account Type NRI Account NRI Account
Equity Delivery 0.75% 0.1% or ₹200 per executed order whichever is lower
Equity Futures 0.025% (Both Buy & Sell) ₹100 per trade
Equity Options ₹100 per lot ₹100 per trade

Other Charges

Contract Note Reporting Charges
Other Brokerage Charges Minimum Brokerage: ₹25, PIS AMC: ₹1000
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%

HDFC Securities Vs Zerodha NRI Account Taxes/Fees

  HDFC Securities Zerodha
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 excersied 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 excersied options)
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.

HDFC Securities Vs Zerodha NRI Account Exposure Margin

  HDFC Securities Zerodha
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)

HDFC Securities Vs Zerodha NRI Customer Service

  HDFC Securities Zerodha
Customer Care Number +91 2267 6061 61
Customer Care Email nridesk@zerodha.com

HDFC Securities Vs Zerodha - NRI Account Advantages and Disadvantages

  HDFC Securities Zerodha
Pros
  1. Offers 3-in-1 NRI account for trading and investment.
  2. A subsidiary of renowned HDFC Bank.
  3. Offers online mutual fund facility through 'Digify'', a digital mutual fund platform.
  4. Offers AMO and GTC order facility.
  5. Research team offers trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. Offers loan facility against securities held in NRI demat account.
  1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges ₹200 per order whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for ₹1 lakh, you pay ₹750 with a full-service stock broker whereas Zerodha will charge you ₹200.
  2. India's largest stock broker in terms of active customers.
  3. Offers access to best-in-industry trading software and tools.
  4. Supports HDFC Bank, Axis Bank, and Yes Bank NRI Bank Account.
Cons
  1. Brokerage charges are very high in comparison to discount brokers like Zerodha.
  2. Doesn't offer online trading to USA and Canada based NRIs.
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.
  3. Doesn't provide research reports or analysis.
Conclusion

HDFC is a good choice for NRIs to trade and invest in stocks, mutual funds and other investment products in India. Barring NRIs from the USA and Canada, it offers a convenient way to invest online. HDFC is a full-service broker offering services like RM, NRI support desk, free research, and tips, etc., to help NRIs take informed trading decisions. It also offers loan against securities held in the demat accounts. The GTC and AMO order helps NRIs in placing orders as per their convenience.

Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, Axis Bank, and Yes Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs.

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