Zerodha Vs Yes Securities NRI Account Comparison

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.

1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges Rs 200 per trade (PIS Account) and Rs 100 per trade (Non-PIS account) whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for Rs 1 lakh, you pay Rs 750 with a full-service stock broker whereas Zerodha will charge you Rs 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, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank Account.

• Offers NRI 3-in-1 account. Open all the three accounts at one shot.
• Provide free research tips and recommendations to all the customers including NRI.
• Dedicated relationship manager
• Earn 6% per annum interest on savings bank account balance.

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.

• Charges higher brokerage in comparison to the discount brokers.
• Yes securities don't offer trading terminal and automated trading facility.
• Doesn't have a 24/7 customer support desk.
• NRIs cannot place GTC (Good Till Cancelled) order and AMO (After Market Order).

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, IndusInd Bank, IDFC FIRST Bank and Axis 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.

Yes Bank is a full-service broker offering 3-in-1 NRI account for convenient online investing in India Stock Market. Online banking, trading and demat account make transactions easy for NRI customers. The broker also provides free research tips for stocks and mutual funds. Yes Bank NRI Investment account is recommended for Casual Investors who are ready to pay a higher brokerage for convenience.