Zerodha vs IDBI Direct – Compare Charges, Trading Features, Offers & more

Find a Comparison of Zerodha vs IDBI Direct here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Zerodha and IDBI Direct.

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Zerodha vs IDBI Direct – Company Overview

Company Overview Zerodha IDBI Direct
Company Type Private Public
Headquarters Bangalore Mumbai
Founder Nithin Kamath Nagaraj Garla
Establishment Year 2010 1993

Compare the Brokerage of Zerodha and IDBI Direct

Brokerage Zerodha IDBI Direct
Brokerage Plan Standard Plan Standard Plan
Subscription Charges Zero Zero
Equity Delivery Free 0.50% of Transaction Value
Equity Intraday Rs.20 per Trade or 0.03% (whichever is low) 0.05% of Transaction Value
Equity Future Rs.20 per Trade or 0.03% (whichever is low) 0.05% of Transaction Value
Equity Option Rs.20 per Trade Rs.50 per Lot
Commodity Future Rs.20 per Trade or 0.03% (whichever is Low) 0.05% of Transaction Value
Commodity Option Rs.20 per Trade Rs.50 per Lot
Currency Future Rs.20 per Trade or 0.03% (whichever is Low) 0.05% of Transaction Value
Currency Option Rs.20 per Trade Rs.50 per Lot

Zerodha vs IDBI Direct – Trading Platforms

Trading Platforms Zerodha IDBI Direct
Android App Zerodha Android App Link IDBI Direct Android App Link
iOS App Zerodha iOS App Link IDBI Direct iOS App Link
Web Trading Platform Zerodha Web Trading Link IDBI Direct Web Trading Link
Trading Terminal NA Available
Algo Trading Platform Available Available
Foreign Stocks Trading Platform NA NA
Basket Trading Platform Available NA
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform NA NA
Bonds Investment Platform Available NA

Comparison of Zerodha and IDBI Direct – Trading Features

Trading Features Zerodha IDBI Direct
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes Yes
Research Reports No Yes
Global indices No No
Customised Recommendations No No
Stock tips No No
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management No Yes
Robust & Secure Platform Yes Yes

Compare Zerodha vs IDBI Direct Offers

Offers Zerodha IDBI Direct
Free Account Opening No Yes
Free AMC No No
Free Brokerage Yes, Limited No
Flat Brokerage Yes No
Flexible Brokerage Plans No Yes
Happy Trading Hours No No
Free Delivery Trading Yes No
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports No Yes
Free Trading calls No Yes
Referral Offers 10% + 300 Points per Client Upto Rs.500 per Client
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No No

Zerodha vs IDBI Direct – Products Provided

Products Provided Zerodha IDBI Direct
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option Yes Yes
Commodity Future Yes Yes
Currency Option Yes Yes
Currency Future Yes Yes
Foreign Stocks No No
Mutual Funds Yes Yes
Banking No Yes
Insurance No Yes
Corporate Bonds Yes Yes
Govt. Bonds Yes Yes
Digital Gold No No

Zerodha vs IDBI Direct – Services Provided

Services Provided Zerodha IDBI Direct
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes Yes
3 in 1 Account No Yes
Stock Research No Yes
Stock Recommendations No Yes
Trading Institution Yes, Zerodha Varsity No
Share Pledging Yes Yes
PMS or PCG No No
NRI Services No No

Compare Zerodha and IDBI Direct Advisory

Advisory Zerodha IDBI Direct
Fundamental Reports Yes Yes
Research Reports No Yes
Company Reports No Yes
Annual Reports No Yes
IPO Reports Yes Yes
Technical Reports Yes No
Stock Tips No No
Daily Top Stock Picks No No
Daily Market Review No Yes
Monthly Review No Yes
Weekly Review Yes Yes
Relationship Manager No Yes
Robo Advisory Yes No

Comparison of Zerodha and IDBI Direct Exposure

Exposure Zerodha IDBI Direct
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Compare Programs of Zerodha & IDBI Direct

Programs Zerodha IDBI Direct
Sub Broker Program Yes, Limited Yes
Partner Program Yes Yes
Referral Program Yes Yes

Zerodha vs IDBI Direct – Ratings by Finec

Ratings Zerodha IDBI Direct
Overall Rating 9.85 / 10 7.60 / 10
Customer Support 9.81 / 10 7.57 / 10
Technology 9.97 / 10 7.70 / 10
Charges 9.89 / 10 7.63 / 10
Products & Service 9.79 / 10 7.56 / 10
Experience 9.77 / 10 7.54 / 10

Compare Customer Support of Zerodha and IDBI Direct

Customer Support Zerodha IDBI Direct
Trading Support Available, Chargeable Available, Free
Dedicated Dealer Available, Chargeable Available, Free
Call Support 080-47181888, 9513369973 022-67719100
Email Support renu.pd@zerodha.com customercare@idbi.co.in
Whatsapp Support NA NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link NA
Branches / Offices NA Available

Comparison of Zerodha & IDBI Direct Complaints

Complaints Zerodha IDBI Direct
Total Complaints Lodged 339 35
Total Complaints Resolved 307 28
% of Resolved Complaints 90.56% 80.00%
Non Actionable Complaints 20 3
% of Non Actionable Complaints 5.90% 8.57%

Compare Demat Charges of Zerodha vs IDBI Direct

Demat Charges Zerodha IDBI Direct
Account Opening Charges Rs.200 – Rs.300 Free
Annual Maintenance Charges (AMC) Rs.300 per Year Rs.350 per Year

Zerodha vs IDBI Direct – Compare STT & CTT

STT & CTT Zerodha IDBI Direct
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.125% on buy, 0.0625% on sell 0.0625% on sell (on premium)
Commodity Future 0.01% on sell 0.01% on sell (Non-Agri)
Commodity Option 0.05% on sell 0.05% on sell
Currency Future Nil Nil
Currency Option Nil Nil

Compare Stamp Duty of Zerodha and IDBI Direct

Stamp Duty Zerodha IDBI Direct
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future 0.002% on buy 0.002% on buy
Commodity Option 0.003% on buy 0.003% on buy
Currency Future 0.0001% on buy 0.0001% on buy
Currency Option 0.0001% on buy 0.0001% on buy

Zerodha vs IDBI Direct – Transaction Charges

Transaction Charges Zerodha IDBI Direct
Equity Delivery 0.00325% (NSE) & 0.00375% (BSE) 0.00345% (NSE) & 0.00375% (BSE)
Equity Intraday 0.00325% (NSE) & 0.00375% (BSE) 0.00345% (NSE) & 0.00375% (BSE)
Equity Future 0.0019% (NSE & BSE) 0.002% (NSE & BSE)
Equity Option 0.05% (on premium) 0.053% (on premium)
Commodity Future 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
Commodity Option 0.05% (Non Agri) 0.05% (Non Agri)
Currency Future 0.0009% (NSE) & 0.00025% (BSE) 0.0009% (NSE) & 0.00022% (BSE)
Currency Option 0.035% (NSE) & 0.001% (BSE) 0.035% (NSE) & 0.001% (BSE)

Compare Pledge Charges of Zerodha & IDBI Direct

Pledge Charges Zerodha IDBI Direct
Pledge Creation Charges Rs.30 per Request Rs.50 per Request or 0.04% of Value (whichever is higher)
Pledge Invocation Charges Nil Rs.50 per Request or 0.04% of Value (whichever is higher)
Interest on Margin Trading 0.05% per day 0.07% per day

Comparison of Zerodha and IDBI Direct – Hidden Charge

Hidden Charge Zerodha IDBI Direct
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.13.5 per Scrip on Sell Rs.25 per Scrip on Sell
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Rs.25 Rs.150
Reactivation Charges Rs.20 Rs.100
Dematerialisation Charges Rs.30 per Certificate Rs.35 per Certificate
Call & Trade Charges Rs.50 per Trade Free

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