IDBI is primarily a bank. However, in 2006, they started a private limited company known as IDBI Direct.
Now, the company is a full-service stockbroker catering stock trading products and services all around India.
Gurudeo M. Yadwadkar and Rakesh Sethi co-found the company, and the headquarter is located in Mumbai. About their service – they offer up to 5x trading exposure, which is massive in this industry, but the minimum margin money is 75% Margin.
While they charge ₹450 per annum for the AMC of the Demat accounts, they compensate that by their affordable brokerage fees – 0.05% and 0.50% for Intraday Brokerage and Delivery Brokerage respectively.
| IDBI Direct Highlights | |
| Broker Type | Full Service Broker |
| Demat Account AMC | Rs 450 |
| Margin Required | 75% Margin |
| Intraday Brokerage | 0.05% |
| Delivery Brokerage | 0.50% |
| Exposure | Upto 5x |
What do you know about IDBI Direct?
| About IDBI Direct | |
| Know a few details about IDBI Direct | |
| Which type of Company is it? – Public / Private | Private |
| Which type of Broker is it? – Full Service / Discount | Full-Service Broker |
| Where is the registered office of the Company Located? | Mumbai, Maharashtra |
| Who is the Founder of this Company? | Shri. Nagaraj Garla |
| When did the company start? | 1993 |
Open Demat Account Now – Fill up the Form Below
What are the various Demat Account Opening Charges levied by IDBI Direct?
| IDBI Direct Demat Account Opening Fees | |
| Check out the various fees charged for Opening a Demat Account with IDBI Direct | |
| Which is the Depository Participant involved? | CDSL & NSDL |
| What are the Demat account opening charges? | NIL |
| How much is the Demat AMC? | Rs 450 |
| What is the Trading AMC? | NIL |
| What is the initial Margin amount required? | 75% Margin |
| Is dematerialization available? | Yes |
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Does IDBI Direct provide any Offers to their Clients?
| IDBI Direct Offers | |
| Here are the various offers provided by IDBI Direct | |
| Does the broker provide a Free Demat A/C offer? | Yes |
| Does the broker provide Free Trading A/C offer? | Yes |
| Is this broker offers a Discount on Brokerage? | Yes |
| Does the broker offer Happy hour trading to their clients? | No |
| Is the broking house provides a flexible brokerage plan? | Yes |
| Does the broker offer 1 month of Free brokerage? | No |
| Are the Holiday offers provided by the broker? | Yes |
| Are there any referral offers shared by the broker? | No |
| Zero Brokerage for Loss-Making Trades | No |
What are the Brokerage Charges levied by IDBI Direct on various Segments?
| IDBI Direct Brokerage Charges | |
| Here you will find details of brokerage levied by IDBI Direct on all segments | |
| What are the Equity Delivery Charges? | 0.50% |
| What are the Equity Intraday Charges? | 0.05% |
| How much brokerage charged for Commodity Trading? | NA |
| 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 is the Minimum Brokerage required? | Rs.100 per executed order |
| What is the Demat AMC? | Rs.450 |
| How much is the Trading AMC? | Free |
| What is the Minimum Margin Required? | 75% Margin |
Does IDBI Direct levy any other charges apart from Brokerage?
| IDBI Direct Charges | |
| Get a deep understanding of all other charges levied by IDBI Direct | |
| How much are the Transaction Charges levied? | 0.00225% 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 |
| What are the SEBI Turnover charges? | 0.00005% (Rs.5/Crore) |
| 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) |
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What is the Limit or Exposure offered by IDBI Direct?
| IDBI Direct Exposure or Leverage | |
| Here you will find the exposure or limit provided by IDBI Direct | |
| How much is the limit on Equity Delivery? | 1x |
| What is the limit on Equity Intraday? | Upto 5x |
| How much is the limit on Equity Futures? | 1x |
| What is the limit on Equity Options? | 1x |
| What is the exposure on Currency Futures? | 1x |
| How much is the leverage on Currency Options? | 1x |
| What is the limit on Commodity Trading? | 1x |
Open Demat Account Now – Fill up the Form Below
What are the various Trading Platforms provided by IDBI Direct?
| IDBI Direct Trading Platforms | |
| Here you will find all the essential trading platforms available with IDBI Direct | |
| Do they have Trading Terminals for Windows? | Yes |
| Do they have Trading Terminals for Mac? | Yes |
| Are they providing Web Trading Platforms? | Yes |
| Do they have a Mobile Web Platform? | No |
| Does this broker provide Mobile Trading App for Android? | Yes |
| Does this broker provide Mobile Trading App for iOS? | Yes |
| Are they having Mobile App for Windows OS? | No |
| Do they have Mobile Trading App for Other OS? | No |
What are the features available in IDBI Direct Trading Applications?
| IDBI Direct Trading Application Features | |
| Here you will find various features available in Trading Platforms provided by IDBI Direct | |
| Are these platforms capable of Real-time Updates? | Yes |
| Do these Applications provide Portfolio Details? | Yes |
| Is this software providing Online MF Buy? | Yes |
| Do these platforms have News Flash? | Yes |
| Are these platforms providing Research Reports? | No |
| Are these platforms Easy to Install & use? | Yes |
| Do these Apps have Global Indices? | Yes |
| Are these platforms having Stock Tips? | No |
| Does this software provide Personalized Advisory? | No |
| Are these platforms capable of Interactive charting? | Yes |
| Do these Apps provide Live Markets data? | Yes |
| Do they provide SMS Alerts? | No |
| Are they providing Email Alerts? | Yes |
| Do these platforms have a Multi-Account Management solution? | No |
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What are the various Products provided by IDBI Direct?
| IDBI Direct Products | |
| Here are the various products provided by it | |
| Does the broker allow Equity Trading? | Yes |
| Does the broker allow Commodity Trading? | Yes |
| Do they have Currency Trading products available? | Yes |
| Do they provide Options trading? | Yes |
| Are the clients allowed to trade in Futures? | Yes |
| Do they have Mutual Funds as a product? | Yes |
| Does the broker allow Forex trading? | No |
| Does the broker have Banking products? | Yes |
| Is SIP allowed by the broker? | Yes |
| Do they have Insurance as a Product? | No |
What are the various Services offered by IDBI Direct?
| IDBI Direct Services | |
| Check out the various services provided by IDBI Direct | |
| Does the broking house provide Demat Services? | Yes |
| Does the broking house provide Trading Services? | Yes |
| Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C? | Yes |
| Do they provide Intraday Services? | Yes |
| Are they offering IPO Services to the client? | Yes |
| Do they have Stock Recommendations available? | Yes |
| Are they providing tools for Robo Advisory? | No |
| Does the broker provide PMS? | No |
| Do they have Trading Institution available? | No |
| What is the Trading Exposure this broker provides? | Upto 5x |
Does IDBI Direct provide Research & Advisory to their clients?
| IDBI Direct Research, Advisory & Stock Tips | |
| Here are the various research activities are done by it | |
| Does the broker share Fundamental Reports? | Yes |
| Does the broker share Research Reports? | Yes |
| Do they provide Company Reports to their clients? | No |
| Are they analyzing the Annual Reports of Companies? | No |
| Do they share Company Stock Reviews? | Yes |
| Are they sharing Free Stock Tips with their clients? | Yes |
| Do they analyze & share IPO Reports? | Yes |
| Does the broking company provide Top Picks? | Yes |
| Are they sharing Daily Market Review? | Yes |
| Do they have Monthly Reports? | No |
| Does the broker provide Weekly Reports? | Yes |
| Are they having Offline Advisory? | Yes |
| Do they provide Relationship Managers to clients? | Yes |
What are the Customer Care details of IDBI Direct?
| IDBI Direct Customer Support | |
| Let’s have a better understanding of the Customer Care Service of IDBI Direct | |
| Are they providing Dedicated dealers to their clients? | Yes |
| Do they allow Offline Trading? | Yes |
| Do they have facilities for Online Trading? | Yes |
| Are they providing 24*7 Support? | Yes |
| Does this broker provide Email Support? | No |
| Does this broker have Chat Support? | No |
| How many Branches the stock broker has? | 225 |
Are there any Complaints filed against IDBI Direct by their clients?
| IDBI Direct Complaints | |
| Here you will know about the Complaints lodged against it | |
| What is the total number of Complaints Lodged in BSE? | 46 |
| How many of these complaints have been Resolved in BSE? | 42 |
| What is the total number of Complaints Lodged in NSE? | 65 |
| How many of these complaints have been Resolved in NSE? | 59 |
What are the IDBI Direct Review & Ratings as per their Customer?
| IDBI Direct Ratings & Reviews | |
| We are looking at Companies’ Ratings on various parameters | |
| Stock Market Research & Broking Advisory | 6.2/10 |
| Brokerage & other Charges like – Turnover, Transaction Charges, etc. | 6.0/10 |
| Types of Products & Services the Brand provides | 6.3/10 |
| Performance Mobile App, Trading Terminal & Web Trading Platform | 6.1/10 |
| Experience in the Broking Business | 6.0/10 |
| Total Avg. Rating of Broking House | 6.1/10 |
| Star Rating is given to Stock Broker | ★★★☆☆ |
| Number of People Contributed to These Ratings | 157 |
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