Anand Rathi Vs SBI 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.

• Advanced online trading platforms.
• Wide range of online trading platforms
• Offers research and recommendation tips.
• Offers Relationship Manager assistance
• Offers free call & trade facility for NRIs.
• Can open PIS account with multiple banks.
• Online Mutual Fund investment is available.

1. The largest bank in India with the highest number of branches.
2. Offer 3 in 1 account for convenient online trading
3. Free expert recommendations on trading & investments
4. Assistance from Relationship Managers
5. SBI securities NRI opening fees are lowest among full-service brokers.
6. Mutual fund services are available to NRIs who don't have a trading account.

• Charges brokerage in percentage which is higher than most of the discount brokers.
• It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
• NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.

1. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
3. Doesn't offer Good-till canceled (GTC) order.

Anand Rathi is a recommended choice for NRI investors. Anand Rathi offers value-added services like excellent online trading software, online mutual fund services and research advisory etc. Anand Rathi is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with a 3rd party before opening the NRI trading and demat account with the broker.

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.