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 IDBI Capital as a preferred trading partner.
IDBI Capital Market & Securities or IDBI Direct, a subsidiary of IDBI Bank is a Mumbai-based fully integrated financial service provider that offers retail broking in equity, futures & options, currencies, IPO, and also distributes third-party products like mutual funds, and fixed income products. Incorporated in 1993, with a net worth of 3 billion, the broker has 200 employees serving customers offline at 14 branches in 14 different cities in India. Let’s find out more about IDBI Direct Review 2023 including its account opening charges, brokerage, trading platforms, margin/exposure, customer care details, and pros & cons.
Being a bank-based full-service brokerage house, it boasts a 3-in-1 account opening service, Demat + Trading + Bank Savings account. The unique 3-in-1 Demat account offering allows IDBI Capital customers to trade hassle-free with a smart fund transfer mechanism.
Open a free account today, and trade in equity and currency derivatives at just Rs 15/order flat brokerage fee. The model loudly speaks about its competitive pricing structure. Not just the brokerage but it has the best platforms for trading including the Infinity desktop terminal, IDBI Direct mobile app, and a trading website.
IDBI Direct offers research services including morning reports, model portfolios, investment guides, Stock Ideas/ technical picks, and derivative reports. The team of industry-experienced specialists further provides wealth advisory services to NRIs, high-net-worth individuals (HNIs), Ultra HNIs, and corporate clients.
Current promotion offer from Zerodha for InvestorGain Visitors:
The best part is that despite IDBI as a bank-based full-service broking house, the brokerage or pricing model is really competitive. Its brokerage model comprises of percentage-based charges on intraday (MIS) and delivery (CNC) trading, and flat brokerage on futures & options trading.
IDBI Capital charges 0.20% on investment in shares listed on the BSE and NSE, and 0.02% on equity day trading. Trading in equity futures, equity options, currency futures, and currency options is charged at a flat brokerage fee of Rs 15 per order.
Enjoy value-added offerings like a dedicated relationship manager, free call & trade, and get free research reports with the broker.
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Rs 350 PA [Free for 1st year]|
Here we are comparing IDBI Direct with its 5 close competitors, who are currently market leader in brokerage industry.
|Broker||IDBI Direct||5paisa||Zerodha||Upstox||Paytm Money|
|Service Type||Full Service Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||0.02% to 0.20%||Rs 20||Rs 20||Rs 20||Rs 20|
|Account Type||3 in 1||2 in 1||3 in 1||3 in 1||2 in 1|
|Equity Delivery||0.20%||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||2.5% or Rs 20 whichever is lower|
|Equity Intraday||0.02%||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||Flat Rs 15 per order||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Rs 15 per order||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||NA||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||Flat Rs 15 per order||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||NA|
|Currency Options||Flat Rs 15 per order||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
Residents and NRIs can open a 3-in-1 account (Demat + Trading + Bank A/c) with IDBI Direct stockbroker for a hassle-free fund transfer process and start paperless trading and investing journey. You can open an account with IDBI capital online or offline as per your choice.
Start with the Insta paperless Quick KYC-based account opening process that hardly takes about maximum of 15 minutes to open an account with IDBI Direct.
If you are an existing customer but your trading account is deactivated then you can go through the account activation process to reactivate it.
IDBI Direct has a full-fledged developers’ team to design the best user-centric remote trading platforms to deliver the best value to traders and investors. It facilitates trading on the IDBI Direct mobile app, website, and infinity platform. Here is a list of all the platforms along with the salient features;
For detail review of mobile app and download please visit IDBI Direct Trading Platform Review.
Since it is a bank-based full-service stockbroker, therefore, customers expect great, prompt, and reliable support. IDBI Capital team extends exclusive support via dedicated dealers and relationship managers, email support, a helpline number, an online web chatbot, and a network of 14 offline branches across the country.
The broker has a toll-free number but 24*7 services are not available with IDBI Direct. Write an email or call the customer service executives on the below details;
The review is evident that IDBI Direct is serving customers including retail clients, NRIs, HNIs, and corporate clients way back since 1993. Featuring a 3-in-1 trading account, transparent & flat Rs 15 brokerage trading, research & advisory, all types of trading platforms with innovative features, and the broker’s consistent focus to add more and more features to the platforms make it a recommended broker for traders & investors.
But customer service is a grey area that needs to work on to deliver excellent quality services. Further, it is not a broker for commodity traders as MCX trading is unavailable with IDBI Direct.
Last updated on: 2023-08-21
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"We wish to inform you that you are referring to the Portfolio Tracker. The Portfolio Tracker is basically a viewing facility provided for monitoring the price movements of the stocks which is akin to the Portfolio tracker available on sites like Money Control, etc.. The Portfolio Trackers does not give the actual number of shares available in the demat a/c but is only an indicative list which can be sted to kindly refer to the contract note sent at the time of execution of trade or your demat transaction / holding statement."