ICICIdirect Vs HDFC Securities - NRI Account Comparison (2024)

FAQs

Is HDFC or ICICI better for NRI account? ›

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.

ICICI Bank's return on risk-weighted assets has drastically improved and is now better than HDFC Bank's. ICICI Bank should trade at a premium on high-quality granular earnings. Maintain BUY with revised target of Rs 1,214 (from Rs 1,192) as we roll to September 2025E – ICICI Bank is our top sectoral pick,' it said.

Over the course of analysis, HDFC Bank's average profit percentage was 1.788. As compared to 2017–18, when it was reduced at 1.72, percentage was greater at 1.86 in 2021–22. During the time frame of this research, the Ratio saw some movement for ICICI Bank. In 2018–19, it was 0.171, or in 2019–20, it fell to 0.38.

HDFC Securities vs ICICI Direct Brokerage Charges

HDFC Securities Brokerage Charges Equity Delivery is 0.32% and Equity Intraday is 0.032% and Equity Options is Rs 20 per trade . ICICI Direct Brokerage Charges Equity Delivery is 0.55% and Equity Intraday is Rs 20 per order and Equity Options is Rs 20 per order .

Zerodha and Prostocks are the two best NRI discount brokers in India. Prostock is the low-cost NRI trading broker that charges Rs. 100 flat brokerage on NRI trading while Zerodha charges Max Rs. 200 per order brokerage.

Both are equally good and safe. They are in category of “Too big to fail”, so be rest assured. Talking of 'Secure', both have secure online and mobile platform that offers almost anything and everything that can be done on electronic channel. Both are equally secure but icici bank is more friendly and lesser charges.

It's subjective to determine which bank is better for a current account as it depends on individual needs and preferences. Both ICICI Bank and HDFC Bank are leading private sector banks in India and offer competitive services and features for current accounts.

HDFC Bank is the largest bank in India in terms of market cap and the fourth-largest bank in the world on the same terms. As one of the leading private banks in India, it holds a prominent position in the financial industry.

Which bank is best Axis or HDFC or ICICI? ›

“ICICI Bank remains our preferred pick in the banking space, given its superior returns profile, top-management credibility, and strong capital / provision buffers," said Dama. The brokerage retained its 'Buy' rating on the stock and raised the ICICI Bank share price target to ₹1,450 apiece, from ₹1,400 earlier.

So, if you are a frequent traveller and use your credit card a lot, the HDFC Millenia card is suitable for you. ICICI Platinum card is good enough for beginner users whose main spending will be online shopping and fuel.

fundamentals. ICICI Bank Ltd. outperforms HDFC Bank Ltd. on 9 out of 15 fundamental parameters.

Titanium Privilege Account

This type of ICICI bank savings account offers advantages to not only account holders but also their families. The Titanium Privilege Debit Card offers a higher limit of daily cash withdrawals.

Having offered the best-in-class financial and banking products and services for decades, today, HDFC Bank holds the status of being India's most trusted bank.

HDFC Bank, India's No.1 Bank for NRI Services, offers you a range of banking tools custom-made for NRIs.

Each bank has its own advantages and disadvantages. ICICI Bank is good for people who want a lot of options, such as insurance, mutual funds, and credit cards. HDFC Bank is better for people who want a simple banking experience with few bells and whistles.

HDFC NRI account benefits

Interest earned on NRE accounts can be tax-free in India. HDFC has a low minimum balance requirements. Remitting money can be easy with HDFC remit options. HDFC has an easy process for converting your regular account in India to a NRI account.

ICICI Bank offers NRE FD rates between 6.70% to 7.10% for tenure ranging from 1 year to 10 years. The highest interest rate of 7.10% is offered on 15 months to 2 years tenure. The rates are effective from October 16, 2023. PNB Bank offers NRE FD rates between 6.75% to 7.25% for tenure ranging from 1 year to 10 years.