If you want to experience the broking journey with IDBI Direct, ensure that you have a clear hint on IDBI Direct Brokerage Charges and IDBI Direct Charges. In this article, you will learn more facts about the pricing and the charges, along with a brief FAQ section.
IDBI Direct is one of the prolific stock broking companies and offers advanced booking facilities. The main intention is to ease the trading experience by introducing light and simple features.
|Equity Delivery Trading||0.50%|
|Equity Intraday Trading||0.05%|
|Margin Money||75% Margin|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs 50 per instruction|
What are the IDBI Direct Brokerage Charges?
|What are the Equity Delivery Charges?||0.50%|
|What are the Equity Intraday Charges?||0.05%|
|What is the brokerage on Equity Futures?||0.05%|
|How much brokerage charged for Equity Options?||Rs 100 per lot|
|What is the brokerage on Currency Futures?||NA|
|What is the brokerage on Currency Options?||NA|
|How much brokerage charged for Commodity Trading?||NA|
|Brokerage Calculator||IDBI Direct Brokerage Calculator|
IDBI Direct Brokerage charges for all compartments like equity delivery, intraday, options future, and many more are jotted in the segmented table. Brokerage charge is one of the most significant expenses and occupies the essential portion of the deed paper.
That is why you need to pay the broking company without becoming a defaulter. Like IDBI Direct Brokerage Charges for equity, delivery is 0.50%. On the other hand, the intraday, equity future charge is 0.05%.
The brokerage rate for equity options is Rs.100 for each lot. On the other hand, you need to pay NA for commodity trading. Remember you can verify the price on the IDBI direct brokerage calculator.
Open Demat Account with IDBI Direct Now! – Fill up the Form
What are the IDBI Direct Account Opening Charges?
|Account Opening Charges|
|Are there any Trading Account Charges [One Time]?||Rs 500|
|How much is the Trading Account AMC [Yearly]?||NIL|
|Are there any Demat Charges [One Time]?||NIL|
|How much is the Demat AMC [Yearly]?||Rs 450|
|Is any minimum Margin Money required?||75% Margin|
The account opening charge will vary according to stock broking companies. But here, the company follows IDBI Direct Account Opening Charges as showcased in the table.
Have you decided to have your own account? If yes then note that the majority of the time the stockbroking companies do charge particular fees from you. In this case, IDBI Direct Demat Charges for AMC or yearly is Rs.450, and a one-time demat account charge is nil.
In addition to that, IDBI Direct Trading Charges for one time is Rs.500 and the yearly charge is nil. However, yes, you need to keep a minimum required margin amount, which is 75% Margin.
Find out Brokerage & Other Charges of Stock Brokers
What are the IDBI Direct Transaction Charges?
|Transaction Charges for each segment|
|What are the Transaction Charges for Equity Delivery?||0.003250%|
|What are the Transaction Charges for Equity Intraday?||0.003250%|
|How much are the Transaction Charges for Equity Futures?||0.001900%|
|How much are the Transaction Charges for Equity Options?||0.051% on premium|
|What are the Transaction Charges for Currency Futures?||NA|
|What are the Transaction Charges for Currency Options?||NA|
|Any Transaction Charges for Commodity Trading?||NA|
IDBI Direct Transaction Charges are talked about in the table. Follow the percentage segment-wise to know how much you have to pay. The transaction charge is mainly charged for both types of trading.
The most striking thing about the transaction charge is that it is the same in the case of both delivery and intraday. You would see that the charge for the equity delivery and intraday is 0.003250%.
On the other hand, the percentage for the equity futures is 0.001900% while for equity options you need to pay 0.051% on the premium. However, IDBI Direct Charges prices for the currency future, commodity trading, and currency options are not available.
What are the other remaining IDBI Direct Charges?
|How much are the Transaction Charges levied?||0.003250% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
*Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)|
|How is the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Any Margin Funding Charges?||18% + GST|
|How much is the Reactivation Charge?||Rs 50 per instruction|
|Any charges for Account Closure?||Rs 35 per instruction|
|What are the Dematerialisation Charges?||Flat Rs 5 per certificate|
IDBI Direct Charges / Govt Charge are rounded up in the table. Read each one of them as per segments to have a vivid idea. The security exchange board of India or the SEBI regulates the stock market. According to its norms, you have to pay 0.003250% of the Total Turnover.
Most importantly, you need to pay the STT charge, which is in second place after the brokerage charge. In that regard, the STT percentage that you have to give is 0.0126% of Total Turnover. IDBI Direct Charges for the margin funding is 18% including the GST charge.
Again, you need to be aware of the state mandatory charge, which is the STT, and as per that, you have to pay 0.002% – 0.003%, but that too depends on the state regulations. Also, pay Flat Rs 5 per certificate for having dematerialization of the shares.
In addition to all these, you need to pay the reactivation charge, which is Rs.50. However, as a prudent client, you need to pay the account closure charge as well which is Rs.35 for each of the lots.
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General FAQs on IDBI Direct Charges
Let us have a look at the FAQs on IDBI Direct Charges:
Does IDBI Direct provide fixed brokerage options?
No, IDBI Direct does not offer any type of fixed brokerage option to its customers.
Does IDBI Direct have different brokerage charges for penny stocks?
No, IDBI Direct does not follow different brokerage charges for penny stocks.
Can I calculate IDBI Direct brokerage even before I place a Trade?
Yes, you can calculate IDBI Direct brokerage even before you place the trade.
Can I calculate IDBI Direct margin/limit/exposure?
Yes, you can calculate the IDBI Direct limit before you decide to place the trading order.
Are there any account opening fees by IDBI Direct?
Yes, you have to pay account-opening fees to IDBI Direct.
Is there any AMC levied by IDBI Direct?
No, IDBI Direct does not levy any AMC on the customers.
IDBI Direct Charges – Conclusion
In conclusion, it is significant to highlight that the brokerage charges of IDBI are easy and feasible to pay. For any kind of query just call the executives.
They will help you out by opening an account. Also, they also intimate you of IDBI Direct Charges and IDBI Direct Demat Charges. Therefore hurry up and start your demat account today without any inhibition.
Open Demat Account with IDBI Direct Now! – Fill up the Form
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