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IDBI Direct Vs Groww: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Groww ranges between Rs 20. IDBI Direct is a Full Service Broker where Groww is a Discount Broker. IDBI Direct is having overall lower rating compare to Groww. IDBI Direct is rated only 3.5 out of 5 where Groww is rated 4 out of 5. Number of active customer for Groww is 99,31,232 where number of active customer for IDBI Direct is 55,635. Groww is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs Groww's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IDBI Direct vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs Groww's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IDBI Direct vs Groww on Service

  IDBI Direct Compare
IDBI Direct
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE
Active Clients 55,635 99,31,232
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare IDBI Direct vs Groww on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Groww
Charges IDBI Direct Groww
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Groww on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IDBI Direct with Groww on Plan Options
Plan Types IDBI Direct Groww
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs Groww on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare IDBI Direct with Groww
Brokerage Charges Compare IDBI Direct Groww
Plan Name Flat Brokerage PLan Flat Brokerage Plan
Equity Delivery 0.20% 0.05% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.05% or Rs 20 whichever is lower
Equity Futures Flat Rs 15 per order Flat Fee Rs 20
Equity Options Flat Rs 15 per order Flat Fee Rs 20
Currency Futures Flat Rs 15 per order Not Available
Currency Options Flat Rs 15 per order Not Available
Commodity Trading NA Not Available
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Free Rs 50 Per Executable Order
Auto Square off Charges NA Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare IDBI Direct vs Groww on Transaction Charges

Compare IDBI Direct with Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare IDBI Direct with Groww
Transaction Charges Compare IDBI Direct Groww
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for groww
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Account Features

Compare IDBI Direct vs Groww on Account Features

Compare IDBI Direct with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Groww offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - IDBI Direct offers NRI where Groww doesn't offers NRI Trading.

Account Features - IDBI Direct with Groww
Account Features Compare IDBI Direct Groww
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IDBI Direct with Groww
Trading Platform Compare IDBI Direct Groww
Desktop Trading Platform Infinity Groww App
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ Yes
Web Trading Demo Info Not Available Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Groww App
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Groww App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS Groww App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare IDBI Direct vs Groww on User Rating

  IDBI Direct Groww
  31 Customer Reviews    Rate IDBI Direct 8 Customer Reviews    Rate Groww
Fees Ratings 3.0 4.5
Trading Brokerage Rating 2.5 3.9
Trading Platform Usability 2.6 4.1
Customer Service Ratings 2.7 3.5
Overall Ratings 2.7 4.3
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare IDBI Direct vs Groww on Investment Offerings

Compare IDBI Direct with Groww on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare IDBI Direct with Groww
Investment Offerings Compare IDBI Direct Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity No No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs Groww on Order Types

Order Type - Compare IDBI Direct with Groww on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - IDBI Direct provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - IDBI Direct provide Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- IDBI Direct offers After Market Orders where Groww doesn't offers AMO. GTC Orders- IDBI Direct offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IDBI Direct with Groww
Order Type Compare IDBI Direct Groww
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare IDBI Direct vs Groww on Customer Service

Compare IDBI Direct with Groww on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IDBI Direct with Groww
Customer Service Compare IDBI Direct Groww
24/7 Customer Service IDBI Direct vs Groww - 24x7 customer support No No
Email Support IDBI Direct vs Groww - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Groww - Onine Live Chat No Yes
Phone Support IDBI Direct vs Groww - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Groww - Toll Free Number Yes No
Through Branches IDBI Direct vs Groww - Through Branches Yes No
Customer Care Number IDBI Direct vs Groww - Customer Care Number 022-3913 5001 9108800604
Account Opening Process IDBI Direct vs Groww - Account Opening Process Info Not Available Online
Customer Support Email IDBI Direct vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Groww - Knowledge Center/Education Info Not Available https://groww.in/academy
Head Office Address IDBI Direct vs Groww - Head Office Address/Corporate Address Info Not Available Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website IDBI Direct vs Groww - Company Website https://www.idbidirect.in/ https://groww.in/
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Tips/Research/Reports Published

Compare IDBI Direct vs Groww on Research Reports, Tips

Compare IDBI Direct with Groww on research reports and tips provided by the broker.

Research Reports - Compare IDBI Direct with Groww
  IDBI Direct Groww
Research Mutual Funds IDBI Direct vs Groww - Research Mutual Funds Yes No
Research Equity Reports IDBI Direct vs Groww - Research Equity Reports Yes No
Research ETF IDBI Direct vs Groww - Research ETF Yes No
Daily Market Report IDBI Direct vs Groww - Daily Market Report Yes No
Free Tips IDBI Direct vs Groww - Free Tips Yes No
Quarterly Result Analysis IDBI Direct vs Groww - Quarterly Results Yes No
News Alerts IDBI Direct vs Groww - Yes No
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Demat Account

Compare IDBI Direct vs Groww on Demat Account

Compare IDBI Direct with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Groww is Zero where for IDBI Direct is ₹350 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IDBI Direct with Groww
  IDBI Direct Groww
DP Source CDSL CDSL
DP ID IDBI Direct vs Groww - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹350 pa Zero
Advance Deposit NO Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹30 courier charges ₹150 per certificate + courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹150 per certificate + courier charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Groww on Special Offers and Promotion

Compare IDBI Direct with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IDBI Direct vs Groww on Special Offers and Promotion
  IDBI Direct Groww
Pay In and Pay Out Options IDBI Direct vs Groww - Pay In and Pay Out Options Info Not Available pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IDBI Direct vs Groww - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges IDBI Direct vs Groww - Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Info Not Available Info Not Available
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-08-21T03:25:00+00:00