IDBI Direct Review, Special Offers, Demat, Trading A/C and Brokerage

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 15x trading exposure, which is massive in this industry, but the minimum margin money is ₹15,000.

While they charge ₹350 per annum for the AMC of the Demat accounts, they compensate that by their affordable brokerage fees – 0.01% – 0.04% and 0.05% – 0.35% for Intraday Brokerage and Delivery Brokerage respectively.

IDBI Direct Highlights
Broker TypeFull Service Broker
Demat Account AMCRs.350 per Annum
Margin RequiredRs.10,000
Intraday Brokerage0.01% – 0.04%
Delivery Brokerage0.05% – 0.35%
ExposureUpto 15X

IDBI Direct Offers


What do you know about IDBI Direct?

About IDBI Direct 
Know few details about IDBI Direct 
Which type of Company is it? – Public / PrivatePrivate
Which type of Broker is it? – Full Service / DiscountFull Service Broker
Where is the registered office of Company Located?Mumbai, Maharashtra
Who is the Founder of this Company?Gurudeo M. Yadwadkar & Rakesh Sethi
When did the company started?2006

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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?Free
How much is the Demat AMC?Rs.350 per Annum
What is the Trading AMC?Free
What is the initial Margin amount required?Rs.10,000
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 Free Demat A/C offer?Yes
Does the broker provide Free Trading A/C offer?Yes
Is this broker offers Discount on Brokerage?Yes
Does the broker offer Happy hour trading to their clients?No
Is the broking house provides flexible brokerage plan?Yes
Does the broker offer 1 month Free brokerage?No
Is the Holiday offers provided by the broker?Yes
Are there any referral offers shared by the broker?No
Zero Brokerage for Loss Making TradesNo

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?0.05% – 0.35%
What are the Equity Intraday Charges?0.01% – 0.04%
How much brokerage charged for Commodity Trading?0.01% – 0.04%
What is the brokerage on Equity Futures?0.01% – 0.04%
How much brokerage charged for Equity Options?Rs.10 – Rs.60 per lot
What is the brokerage on Currency Futures?0.01% – 0.04%
What is the brokerage on Currency Options?Rs.10 – Rs.60 per lot
How much is the Minimum Brokerage requires?Rs.20 per executed order
What is the Demat AMC?Rs.350
How much is the Trading AMC?Free
What is the Minimum Margin Required?Rs.10,000

Does IDBI Direct levy any other charges apart from Brokerage?

IDBI Direct Charges
Get deep understanding of all other charges levied by IDBI Direct 
How much is the Transaction Charges levied?0.00312% of Total Turnover
What are the STT charges?0.0126% of Total Turnover
What are the SEBI Turnover charges?0.0002% of Total Turnover
How much is the Stamp Duty levied?Depends on State (very minimal)
How are the GST charged?18% of (Brokerage + Transaction Charges)

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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?Upto 3X
What is the limit on Equity Intraday?Upto 15X
How much is the limit on Equity Futures?Upto 3X
What is the limit on Equity Options?Upto 5X
What is the exposure on Currency Futures?Upto 2X
How much is the leverage on Currency Options?Upto 2X
What is the limit on Commodity Trading?Upto 2X

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What are the various Trading Platforms provided by IDBI Direct?

IDBI Direct Trading Platforms
Here you will find all the important 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 Platform?Yes
Do they have 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
Are this software’s 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
Do this software’s provide Personalized Advisory?No
Are these platforms capable of Interactive Chartings?Yes
Do these Apps provide Live Markets data?Yes
Do they provide SMS Alerts?No
Are they providing Email Alerts?Yes
Do these platforms has 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 product available?Yes
Do they provide Options trading?Yes
Are the clients allowed to trade in Futures?Yes
Do they have Mutual Funds as 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 15X

Does IDBI Direct provide Research & Advisory to their clients?

IDBI Direct Research, Advisory & Stock Tips
Here are the various research activities done by it
Does the broker shares Fundamental Reports?Yes
Does the broker shares Research Reports?Yes
Do they provide Company Reports to their clients?No
Are they analysing Annual Reports of Companies?No
Do they share Company Stock Review?Yes
Are they sharing Free Stock Tips to 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 Manager to clients?Yes

What are the Customer Care details of IDBI Direct?

IDBI Direct Customer Support
Let’s have a better understanding of Customer Care Service of IDBI Direct 
Are they providing Dedicated Dealer 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
Is this broker having 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 Advisory6.2/10
Brokerage & other Charges like – Turnover, Transaction Charges etc.6.0/10
Types of Products & Services the Brand provides6.3/10
Performance Mobile App, Trading Terminal & Web Trading Platform6.1/10
Experience in the Broking Business6.0/10
Total Avg. Rating of Broking House6.1/10
Star Rating of given to Stock Broker★★★☆☆
Number of People Contributed to these Ratings157

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