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Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of Groww Max Rs 20 per trade while the brokerage of IDBI Direct ranges between 0.02% to 0.20%. Groww is a Discount Broker where IDBI Direct is a Full Service Broker. Groww is having overall higher rating compare to IDBI Direct. Groww is rated 4 out of 5 where IDBI Direct is rated only 3.5 out of 5. Number of active customer for IDBI Direct is 53,73,705 where number of active customer for Groww is 62,937. IDBI Direct is serving more customer compare to Groww.
Here we present side-by-side comparison of Groww vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Groww vs IDBI Direct'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 Groww vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared Groww vs IDBI Direct's on
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.
 Groww |
 IDBI Direct |
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| Overall Rating |
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| Trading Platform |
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Broker Type
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Discount Broker | Full Service Broker |
| Exchanges Supported
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NSE, BSE | NSE, BSE |
| Active Clients | 62,937 | 53,73,705 |
| Broker Overview | Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok...  |
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... |
| Broker Enquiry |
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Comparison of Groww with IDBI Direct on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.
| Charges | Groww | IDBI Direct |
|---|---|---|
| Trading Account Opening Fees | Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Free | Rs 350 PA [Free for 1st year] |
| Provide DP Service |  |
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Plans are the most important feature you look when compare Groww with IDBI Direct. 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.
| Plan Types | Groww | IDBI Direct |
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| Multiple Plans |  |
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| Monthly Plans | |
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| Yearly Plans | |
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| Zerodha | Zerodha | |
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| Account Opening Request |
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan
| Brokerage Charges Compare | Groww | IDBI Direct |
|---|---|---|
| Plan Name | Flat Brokerage Plan | Flat Brokerage PLan |
| Equity Delivery | 0.05% or Rs 20 whichever is lower | 0.20% |
| Equity Intraday | 0.05% or Rs 20 whichever is lower | 0.02% |
| Equity Futures | Flat Fee Rs 20 | Flat Rs 15 per order |
| Equity Options | Flat Fee Rs 20 | Flat Rs 15 per order |
| Currency Futures | Not Available | Flat Rs 15 per order |
| Currency Options | Not Available | Flat Rs 15 per order |
| Commodity Trading | Not Available | NA |
| Minimum Brokerage | NIL | Rs 25 per trade or 2.5% of the trade value whichever is lower. |
| Hidden Charges | Info Not Available | Info Not Available |
| Funding | Info Not Available | Info Not Available |
| Call & Trade Charges | Rs 50 Per Executable Order | Free |
| Auto Square off Charges | Rs 50 Per Executable Order | NA |
| Brokerage Calculator | Brokerage Calculator for Groww | Brokerage Calculator for IDBI Direct |
Compare Groww with IDBI Direct on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Groww | IDBI Direct |
|---|---|---|
| Equity Delivery | Rs 335 Per Cr | Rs 335 Per Cr |
| Equity Intraday | Rs 335 Per Cr | Rs 335 Per Cr |
| Equity Futures | Rs 200 Per Cr | Rs 200 Per Cr |
| Equity Options | Rs 5050 Per Cr | Rs 5050 Per Cr |
| Currency Futures | Rs 90 Per Cr | Rs 90 Per Cr |
| Currency Options | Rs 3500 Per Cr | Rs 3500 Per Cr |
| Commodity | NA | NA |
| Brokerage Charges | Complete Brokerage Plans for groww | Complete Brokerage Plans for idbicapital |
Compare Groww with IDBI Direct 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 Groww 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 - IDBI Direct offers NRI where Groww doesn't offers NRI Trading.
| Account Features Compare | Groww | IDBI Direct |
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| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:10 PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Groww and IDBI Direct. 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 | Groww | IDBI Direct |
|---|---|---|
| Desktop Trading Platform | Infinity | |
| Desktop Demo | Info Not Available | Info Not Available |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | Yes | https://trade.idbicapital.com/ |
| Web Trading Demo | Info Not Available | Info Not Available |
| Mobile Site | |
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| Mobile Trading App | Yes | IDBI Direct Mobile App |
| Mobile Trading App Demo | Info Not Available | Info Not Available |
| Android Mobile App | |
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| Android App Download | Andriod Yes Download | Andriod IDBI Direct Mobile App Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS Yes Download | iOS IDBI Direct Mobile App Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Groww | Equity Intraday and Delivery Brokerage Calculator for IDBI Direct |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Groww | Futures Brokerage Calculator for IDBI Direct |
| Options Brokerage Calculator | Options Brokerage Calculator for Groww | Options Brokerage Calculator for IDBI Direct |
| Detail | Detail on Trading Platforms for groww | Detail on Trading Platforms for idbicapital |
| Groww | IDBI Direct | |
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6 Customer Reviews
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31 Customer Reviews
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| Fees Ratings |  |
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| Trading Brokerage Rating |  |
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| Trading Platform Usability | |
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| Customer Service Ratings |  |
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| Overall Ratings |  |
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| Broker Rating | Groww is Rated 4.5 / 5 based on 6 customer reviews | IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews |
Compare Groww with IDBI Direct 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 - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.
| Investment Offerings Compare | Groww | IDBI Direct |
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| Equity Cash and F&O | |
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| Currency Deravitives | |
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| Commodity | |
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| Online IPO Application | |
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| Mutual Funds | |
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| Bond / NCD | |
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| ETF | |
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| Banking | |
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| Insurance | |
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| Forex | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare Groww with IDBI Direct 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 provides Cover Orders (CO) where Groww 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 provides Bracket Orders (BO) where Groww 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)- IDBI Direct offers After market orders where Groww doesn't offers AMO. GTC Orders- IDBI Direct offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.
| Order Type Compare | Groww | IDBI Direct |
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| CNC order | |
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| MIS order | |
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| NRML order | |
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| Cover order | |
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| Bracket order | |
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| AMO-After Market Orders | |
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| GTC-Good Till Cancelled | |
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Compare Groww with IDBI Direct 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 Service Compare | Groww | IDBI Direct |
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| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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| Through Branches
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9108800604 | 022-3913 5001 |
| Account Opening Process
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Online | Info Not Available |
| Customer Support Email
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[email protected] | [email protected] |
| Knowledge Center/Education
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https://groww.in/academy | Info Not Available |
| Head Office Address
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Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 | Info Not Available |
| Website
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https://groww.in/ | https://www.idbidirect.in/ |
Compare Groww with IDBI Direct on research reports and tips provided by the broker.
| Groww | IDBI Direct | |
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| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Compare Groww with IDBI Direct 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 IDBI Direct is ₹350 pa where for Groww is Zero.
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 Groww is ₹8 + ₹5.50 CDSL charges where for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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
| Groww | IDBI Direct | |
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| DP Source | CDSL | CDSL |
| DP ID
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No | No |
| Demat Account Annual Maintenance Charges(AMC) | Zero | ₹350 pa |
| Advance Deposit | Nil | NO |
| Statutory charges | Legal Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | ₹8 + ₹5.50 CDSL charges | 0.04% of transaction value or ₹30 whichever is higher + CDSL charges |
| Demat | ₹150 per certificate + courier charges | ₹5 per certificate + ₹30 courier charges |
| Remat | ₹150 per certificate + courier charges | ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges |
| Pledge Creation | ₹20 + Rs. 12 per request (CDSL Charges) | 0.05% of transaction value or ₹50 whichever is higher |
| Pledge Creation Confirmation | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
| Pledge Closure | ₹20 + Rs. 12 per request (CDSL Charges) | 0.0002% of transaction value or ₹25 whichever is higher |
| Pledge Closure Confirmation | ₹20 + Rs. 12 per request (CDSL Charges) | 0.0002% of transaction value or ₹25 whichever is higher |
| Pledge Invocation | ₹20 + Rs. 12 per request (CDSL Charges) | 0.0015% of transaction value or ₹25 whichever is higher |
| Failed Instruction Charges | ₹50 | Nil |
| Other Charges | Nil | Nil |
Compare Groww with IDBI Direct on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| Groww | IDBI Direct | |
|---|---|---|
| Pay In and Pay Out Options
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pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww Pay-out/Fund Withdrawal - Bank Transfer only |
Info Not Available |
| Payout Time
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Max 24 hrs except bank holidays | Info Not Available |
| Bank Supported and Charges
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Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. | Info Not Available |
| Bank Detail | Info Not Available | Info Not Available |
| Likes |
Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
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| Dislikes |
Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
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| Special Offers/Promo | ||
| Enquiry | Open Zerodha Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2023-04-19T06:08:36+00:00
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