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IDBI Direct Vs Geojit: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Geojit offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct ranges between 0.02% to 0.20% while the brokerage of Geojit ranges between .03 to .3%. Both the brokers are Full Service brokers. IDBI Direct is having overall lower rating compare to Geojit. IDBI Direct is rated only 3.5 out of 5 where Geojit is rated 4 out of 5. Number of active customer for Geojit is 2,43,714 where number of active customer for IDBI Direct is 55,291. Geojit is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct vs Geojit share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs Geojit's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IDBI Direct vs Geojit share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs Geojit's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IDBI Direct vs Geojit on Service

  IDBI Direct Compare
IDBI Direct
Geojit Compare
Geojit
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX
Active Clients 55,291 2,43,714
Broker Overview 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 I... Know more about IDBI Direct Open a Free Demat Account online with Geojit BNP Paribas today to start online trading on the state-of-the-art trading platforms; SELFIE app, web, and desktop terminal, and also get financial planning, portfolio management services, and get free acce...Know more about Geojit
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare IDBI Direct vs Geojit on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Geojit on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where Geojit charges Rs 700 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Geojit
Charges IDBI Direct Geojit
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 700 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Geojit on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Geojit. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IDBI Direct with Geojit on Plan Options
Plan Types IDBI Direct Geojit
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs Geojit on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Geojit Brokerage Plan detail - This is a standard plan by Geojit This is % based brokerage plan.This is % based brokerage plan. Brokerage is between .03% to .3%, which is 3 paisa to 30 paisa.

Brokerage Charges - Compare IDBI Direct with Geojit
Brokerage Charges Compare IDBI Direct Geojit
Plan Name Flat Brokerage PLan Online Trading Plan (Percentage Based)
Equity Delivery 0.20% 0.30% or 30 paisa
Equity Intraday 0.02% 0.03% or 3 paisa
Equity Futures Flat Rs 15 per order 0.01%
Equity Options Flat Rs 15 per order Rs 50 Per Lot
Currency Futures Flat Rs 15 per order 0.03% or 3 paisa
Currency Options Flat Rs 15 per order Rs 50 Per Lot
Commodity Trading NA 0.05% (Buy and sell)| Options: Rs. 150/lot| Option
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. 1p per share or Rs 20/contract whichever is higher
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Yes - 20% interest PA
Call & Trade Charges Free Free
Auto Square off Charges NA Free
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Geojit
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Share Broker's Transaction Charges

Compare IDBI Direct vs Geojit on Transaction Charges

Compare IDBI Direct with Geojit on transaction charges and PCM fee by segment.

Transaction Charges - Compare IDBI Direct with Geojit
Transaction Charges Compare IDBI Direct Geojit
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for geojit
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Account Features

Compare IDBI Direct vs Geojit on Account Features

Compare IDBI Direct with Geojit on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Geojit offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with Geojit
Account Features Compare IDBI Direct Geojit
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Geojit on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Geojit. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IDBI Direct with Geojit
Trading Platform Compare IDBI Direct Geojit
Desktop Trading Platform Infinity SELFIE Platinum
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://selfie.geojit.net/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App SELFIE Geojit
Mobile Trading App Demo Info Not Available SELFIE Geojit Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod SELFIE Geojit Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS IDBI Direct Mobile App Download iOS SELFIE Geojit Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Geojit
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Geojit
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Geojit
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for geojit

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Broker Ratings by Users

Compare IDBI Direct vs Geojit on User Rating

  IDBI Direct Geojit
  31 Customer Reviews    Rate IDBI Direct 79 Customer Reviews    Rate Geojit
Fees Ratings 3.0 3.6
Trading Brokerage Rating 2.5 3.4
Trading Platform Usability 2.6 3.9
Customer Service Ratings 2.7 3.8
Overall Ratings 2.7 3.7
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Geojit is Rated 3.7 / 5 based on 79 customer reviews
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Investment Offerings

Compare IDBI Direct vs Geojit on Investment Offerings

Compare IDBI Direct with Geojit on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Geojit offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Geojit provides PMS Service where IDBI Direct doesn't offer

Investment Offerings - Compare IDBI Direct with Geojit
Investment Offerings Compare IDBI Direct Geojit
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service No Yes
Other Investment Options NIL Insurance
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Order Types

Compare IDBI Direct vs Geojit on Order Types

Order Type - Compare IDBI Direct with Geojit on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - IDBI Direct provide Cover Orders (CO) where Geojit doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - IDBI Direct provide Bracket Orders (BO) where Geojit doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare IDBI Direct with Geojit
Order Type Compare IDBI Direct Geojit
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare IDBI Direct vs Geojit on Customer Service

Compare IDBI Direct with Geojit on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IDBI Direct with Geojit
Customer Service Compare IDBI Direct Geojit
24/7 Customer Service IDBI Direct vs Geojit - 24x7 customer support No No
Email Support IDBI Direct vs Geojit - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Geojit - Onine Live Chat No No
Phone Support IDBI Direct vs Geojit - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Geojit - Toll Free Number Yes Yes
Through Branches IDBI Direct vs Geojit - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Geojit - Customer Care Number 022-3913 5001 1800-425-5501/1800-103-5501/91-484-2405822
Account Opening Process IDBI Direct vs Geojit - Account Opening Process Info Not Available Offline
Customer Support Email IDBI Direct vs Geojit - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Geojit - Knowledge Center/Education Info Not Available https://insights.geojit.com/
Head Office Address IDBI Direct vs Geojit - Head Office Address/Corporate Address Info Not Available Geojit Financial Services Ltd.
34/659-P,
Civil Line Road Padivattom,
Kochi 682024
Website IDBI Direct vs Geojit - Company Website https://www.idbidirect.in/ https://www.geojit.com/
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Tips/Research/Reports Published

Compare IDBI Direct vs Geojit on Research Reports, Tips

Compare IDBI Direct with Geojit on research reports and tips provided by the broker.

Research Reports - Compare IDBI Direct with Geojit
  IDBI Direct Geojit
Research Mutual Funds IDBI Direct vs Geojit - Research Mutual Funds Yes Yes
Research Equity Reports IDBI Direct vs Geojit - Research Equity Reports Yes Yes
Research ETF IDBI Direct vs Geojit - Research ETF Yes Yes
Daily Market Report IDBI Direct vs Geojit - Daily Market Report Yes Yes
Free Tips IDBI Direct vs Geojit - Free Tips Yes Yes
Quarterly Result Analysis IDBI Direct vs Geojit - Quarterly Results Yes Yes
News Alerts IDBI Direct vs Geojit - Yes Yes
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Demat Account

Compare IDBI Direct vs Geojit on Demat Account

Compare IDBI Direct with Geojit on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Geojit is ₹600 pa where for IDBI Direct is ₹350 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for Geojit is 0.02% of transaction value (Max ₹40) + CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IDBI Direct with Geojit
  IDBI Direct Geojit
DP Source CDSL CDSL
DP ID IDBI Direct vs Geojit - DP ID No 48900
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹600 pa
Advance Deposit NO NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 0.02% of transaction value (Max ₹40) + CDSL charges
Demat ₹5 per certificate + ₹30 courier charges ₹100 per demat request max 5 + ₹20 each additional certificate
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹10 per certificate or ₹10 per certificate which ever is higher + ₹35 courier charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹50 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹50 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Geojit on Special Offers and Promotion

Compare IDBI Direct with Geojit on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IDBI Direct vs Geojit on Special Offers and Promotion
  IDBI Direct Geojit
Pay In and Pay Out Options IDBI Direct vs Geojit - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SELFIE Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IDBI Direct vs Geojit - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IDBI Direct vs Geojit - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

  • Trade and invest in stocks, derivatives, commodities, and currencies.
  • Zero account opening charges and Zero AMC.
  • 3-in-1 account opening.
  • Invest in smartfolios, a basket of stocks.
  • Diversify your portfolio with global investment.
  • In-depth stocks and mutual fund research access for free.
  • STEPS, comprehensive financial planning, and investment advisory
  • Apply for IPO and invest in mutual funds.
  • Secure & user-friendly SELFIE superfast platform in web, app, and desktop versions.
  • FundsGenie, a dedicated mutual fund app platform.
  • Great quality customer care support.
  • 4x exposure on Margin trading facility (MTF).
  • Place buy and sell GTT order.
  • Loans against shares.

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

  • Geojit charges relatively high brokerage compared to other full-service brokers like Angel One, Edelweiss.
  • FundsGenie mutual fund app is not available for iOS platform users.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-08-21T03:25:00+00:00