Why are the account opening and brokerage charges higher for NRI's as compared to normal resident accounts?

Your account opening and brokerage charges are higher as an NRI compared to a resident account because of the additional manual effort required to open your NRI account. The operation of your NRI account requires continuous communication with PIS banks for settlements in PIS accounts and deduction and filing of TDS returns for Non-PIS accounts. You can learn about the trading process for NRIs in What is the trading process and rules for NRI accounts?

NRI account charges

Type of charge	Amount
Account opening charge	NRE: ₹500 NRO: ₹500
Equity brokerage charge	PIS: 0.5% or ₹200, whichever is lower per executed order. Non-PIS: 0.5% or ₹50, whichever is lower per executed order.
F&O brokerage charge	₹50 per executed order.
Clearing charges	Futures: ₹150 per crore charged monthly. Options: ₹1,500 per crore charged monthly.
Account Maintenance Charges (AMC)	₹500 + 18% GST

Depository Participant (DP) charge is applicable whenever shares are sold from the demat account.

GST of 18% on brokerage + SEBI charges + transaction charges is charged. To know the statutory charges like STT, GST, transaction charges, and SEBI charges, visit List of all fees, charges, and taxes on trading and investing – Zerodha.

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