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IDBI Direct Vs Zerodha: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Zerodha offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Zerodha ranges between Rs 20. IDBI Direct is a Full Service Broker where Zerodha is a Discount Broker. IDBI Direct is having overall lower rating compare to Zerodha. IDBI Direct is rated only 3.5 out of 5 where Zerodha is rated 4.5 out of 5. Number of active customer for Zerodha is 69,94,952 where number of active customer for IDBI Direct is 54,478. Zerodha is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct vs Zerodha 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 Zerodha'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 Zerodha 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 Zerodha'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 Zerodha on Service

  IDBI Direct Compare
IDBI Direct
Zerodha Compare
Zerodha
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, MCX
Active Clients 54,478 69,94,952
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 Zerodha is the game-changing discount broker with the concept of an Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, the superfast Zerodha Kite app, and web trading platform...Know more about Zerodha
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 Zerodha on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Zerodha
Charges IDBI Direct Zerodha
Trading Account Opening Fees Free Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Zerodha on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Zerodha. 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 Zerodha on Plan Options
Plan Types IDBI Direct Zerodha
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 Zerodha on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Brokerage Charges - Compare IDBI Direct with Zerodha
Brokerage Charges Compare IDBI Direct Zerodha
Plan Name Flat Brokerage PLan Max Rs 20 per order Trading Plan
Equity Delivery 0.20% Free
Equity Intraday 0.02% 0.03% or Rs 20 whichever is lower
Equity Futures Flat Rs 15 per order 0.03% or Rs 20 whichever is lower
Equity Options Flat Rs 15 per order Flat Fee Rs 20
Currency Futures Flat Rs 15 per order 0.03% or Rs 20 whichever is lower
Currency Options Flat Rs 15 per order Flat Fee Rs 20
Commodity Trading NA Flat Fee Rs 20
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available No
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 Zerodha
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Share Broker's Transaction Charges

Compare IDBI Direct vs Zerodha on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Zerodha
Transaction Charges Compare IDBI Direct Zerodha
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 Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for zerodha
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Account Features

Compare IDBI Direct vs Zerodha on Account Features

Compare IDBI Direct with Zerodha on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - Zerodha offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - IDBI Direct offers a margin funding where Zerodha doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

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

Compare IDBI Direct vs Zerodha on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Zerodha. 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 Zerodha
Trading Platform Compare IDBI Direct Zerodha
Desktop Trading Platform Infinity Kite By Zerodha
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/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Zerodha Kite
Mobile Trading App Demo Info Not Available Zerodha Kite Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Zerodha Kite Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS Zerodha Kite 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 Zerodha
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Zerodha
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Zerodha
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for zerodha

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Broker Ratings by Users

Compare IDBI Direct vs Zerodha on User Rating

  IDBI Direct Zerodha
  31 Customer Reviews    Rate IDBI Direct 160 Customer Reviews    Rate Zerodha
Fees Ratings 3.0 4.0
Trading Brokerage Rating 2.5 4.4
Trading Platform Usability 2.6 3.7
Customer Service Ratings 2.7 3.8
Overall Ratings 2.7 3.9
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Zerodha is Rated 3.9 / 5 based on 160 customer reviews
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Investment Offerings

Compare IDBI Direct vs Zerodha on Investment Offerings

Compare IDBI Direct with Zerodha 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 - Zerodha offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. 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 Zerodha
Investment Offerings Compare IDBI Direct Zerodha
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
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 Zerodha on Order Types

Order Type - Compare IDBI Direct with Zerodha 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) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an 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 Zerodha 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)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

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

Compare IDBI Direct vs Zerodha on Customer Service

Compare IDBI Direct with Zerodha 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 Zerodha
Customer Service Compare IDBI Direct Zerodha
24/7 Customer Service IDBI Direct vs Zerodha - 24x7 customer support No No
Email Support IDBI Direct vs Zerodha - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Zerodha - Onine Live Chat No No
Phone Support IDBI Direct vs Zerodha - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Zerodha - Toll Free Number Yes No
Through Branches IDBI Direct vs Zerodha - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Zerodha - Customer Care Number 022-3913 5001 "+ 91 80 4040 2020"
Account Opening Process IDBI Direct vs Zerodha - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs Zerodha - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Zerodha - Knowledge Center/Education Info Not Available https://zerodha.com/varsity/
Head Office Address IDBI Direct vs Zerodha - Head Office Address/Corporate Address Info Not Available Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Website IDBI Direct vs Zerodha - Company Website https://www.idbidirect.in/ https://zerodha.com/
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Tips/Research/Reports Published

Compare IDBI Direct vs Zerodha on Research Reports, Tips

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

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

Compare IDBI Direct vs Zerodha on Demat Account

Compare IDBI Direct with Zerodha 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 Zerodha is ₹300 pa 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 Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction.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 Zerodha
  IDBI Direct Zerodha
DP Source CDSL CDSL
DP ID IDBI Direct vs Zerodha - DP ID No 81600
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹300 pa
Advance Deposit NO Nil
Statutory charges Nil ₹50
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹8 + ₹5.50 (CDSL Charges) per transaction
Demat ₹5 per certificate + ₹30 courier charges ₹150 per certificate + ₹100 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹150 per certificate + ₹100 courier charges + CDSL Charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹20 + ₹12 CSDL charges
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹20 + ₹12 CSDL charges
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹20
Failed Instruction Charges Nil ₹50 per instraction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Zerodha on Special Offers and Promotion

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

Compare IDBI Direct vs Zerodha on Special Offers and Promotion
  IDBI Direct Zerodha
Pay In and Pay Out Options IDBI Direct vs Zerodha - 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 Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IDBI Direct vs Zerodha - Payout Time Info Not Available Max 24 hrs except for bank holidays
Bank Supported and Charges IDBI Direct vs Zerodha - Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).
Bank Detail Info Not Available HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
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...

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

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 Lifetime free AMC account
  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Bracket order is not available on Kite
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.
  • Software glitches in Kite happens at certain times.

Detail Review...

Special Offers/Promo Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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