ICICI Direct Vs Zerodha NRI Account Comparison

ICICI Direct Vs Zerodha NRI Account Comparison

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

Find out ICICI Direct Vs Zerodha which is better NRI Trading Account. See ICICI Direct Vs Zerodha which is best NRI Demat Account.

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

ICICI Direct Vs Zerodha

  ICICI Direct Zerodha
ICICI Securities Pvt Ltd. Logo Zerodha Logo
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... Know more about ICICI Securities Pvt Ltd. 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... Know more about Zerodha
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with ICICI Direct. 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.

ICICI Direct Vs Zerodha Charges

  ICICI Direct Zerodha
NRI Account Opening Fees ₹4000 ₹500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹700 ₹300
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

Brokerage Plan

  ICICI Direct Zerodha
Account Type NRI Account NRI Account
Equity Delivery 0.50% - 1.25% 0.1% or ₹200 per executed order whichever is lower
Equity Futures 0.03% - 0.05% ₹100 per trade
Equity Options ₹70 to ₹95 ₹100 per trade

Other Charges

Contract Note Reporting Charges
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%

ICICI Direct Vs Zerodha NRI Account Taxes/Fees

  ICICI Direct 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.
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ICICI Direct Vs Zerodha NRI Account Exposure Margin

  ICICI Direct Zerodha
Equity Delivery 1x (100%) 1x (100%)
Equity Futures 1x (100%) 1x (100%)
Equity Options 1x (100%) 1x (100%)
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ICICI Direct and Zerodha NRI Account Feature Comparison

  ICICI Direct Zerodha
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes No
Other Features

ICICI Direct Vs Zerodha NRI Account Review

  ICICI Direct Zerodha
  422 Customer Reviews    Rate ICICI Direct 384 Customer Reviews    Rate Zerodha
Fees 2.3 3.8
Brokerage 1.7 4.3
Trading Platform 3.4 3.6
Customer Service 2.7 3.4
Overall Rating Rated 2.4 stars Rated 3.7 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 422 customer reviews Zerodha is Rated 3.7 / 5 based on 384 customer reviews

ICICI Direct Vs Zerodha NRI Investment Options

  ICICI Direct Zerodha
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance

ICICI Direct Vs Zerodha NRI Customer Service

  ICICI Direct Zerodha
Customer Care Number +91-22-28307780
Customer Care Email nri@icicidirect.com nridesk@zerodha.com

ICICI Direct Vs Zerodha Order Type Offered for NRI Account

  ICICI Direct Zerodha
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes

ICICI Direct Vs Zerodha - NRI Account Advantages and Disadvantages

  ICICI Direct Zerodha
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  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. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  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

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.

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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