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IDBI Direct Vs Karvy: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Karvy 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 Karvy ranges between 0.03 to 0.3%. Both the brokers are Full Service brokers. IDBI Direct is having overall lower rating compare to Karvy. IDBI Direct is rated only 3.5 out of 5 where Karvy is rated 4 out of 5. Number of active customer for IDBI Direct is 55,285 where number of active customer for Karvy is . IDBI Direct is serving more customer compare to Karvy.

Here we present side-by-side comparison of IDBI Direct vs Karvy 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 Karvy'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 Karvy 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 Karvy'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 Karvy on Service

  IDBI Direct Compare
IDBI Direct
Karvy Compare
Karvy
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 55,285
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 One of the largest stockbrokers offering a full spectrum of financial products including Karvy Demat and Trading Account, NRI account, Corporate Account, Trust Account, research reports, and advisory.
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 Karvy on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Karvy 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 Karvy charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Karvy
Charges IDBI Direct Karvy
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 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Karvy on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Karvy. 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 Karvy on Plan Options
Plan Types IDBI Direct Karvy
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 Karvy on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Karvy Brokerage Plan detail - Karvy have different plan and this is there basic plan, For more details about plan you need to contact personally.

Brokerage Charges - Compare IDBI Direct with Karvy
Brokerage Charges Compare IDBI Direct Karvy
Plan Name Flat Brokerage PLan Basic Trading Plan (Percentage Based)
Equity Delivery 0.20% 0.3% or 30 paisa
Equity Intraday 0.02% 0.03% or 3 paisa
Equity Futures Flat Rs 15 per order 0.03% or 3 paisa
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 0.03% or 3 paisa
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Free Call 18004198283 number for Call and Trade, SMS Order faclity also available
Auto Square off Charges NA Call 18004198283 number for Call and Trade, SMS Order faclity also available
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Karvy
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Share Broker's Transaction Charges

Compare IDBI Direct vs Karvy on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Karvy
Transaction Charges Compare IDBI Direct Karvy
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 karvy
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Account Features

Compare IDBI Direct vs Karvy on Account Features

Compare IDBI Direct with Karvy 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 Karvy offers only 2-in-1 account which includes trading and demat account. Algo Trading - Karvy offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - IDBI Direct offers a margin funding where Karvy doesn't offers margin funding. NRI Trading - IDBI Direct offers NRI where Karvy doesn't offers NRI Trading.

Account Features - IDBI Direct with Karvy
Account Features Compare IDBI Direct Karvy
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 Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Karvy on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Karvy. 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 Karvy
Trading Platform Compare IDBI Direct Karvy
Desktop Trading Platform Infinity Karvy NESTTrader
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://trade.karvyonline.com/KARVY/Login/indexauth.jsp
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App KarvyOnline
Mobile Trading App Demo Info Not Available KarvyOnline Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod KarvyOnline Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS IDBI Direct Mobile App Download iOS KarvyOnline 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 Karvy
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Karvy
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Karvy
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for karvy

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Broker Ratings by Users

Compare IDBI Direct vs Karvy on User Rating

  IDBI Direct Karvy
  31 Customer Reviews    Rate IDBI Direct 3 Customer Reviews    Rate Karvy
Fees Ratings 3.0 2.7
Trading Brokerage Rating 2.5 2.3
Trading Platform Usability 2.6 2.3
Customer Service Ratings 2.7 3.7
Overall Ratings 2.7 2.7
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare IDBI Direct vs Karvy on Investment Offerings

Compare IDBI Direct with Karvy 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 - Karvy 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) - Karvy provides PMS Service where IDBI Direct doesn't offer

Investment Offerings - Compare IDBI Direct with Karvy
Investment Offerings Compare IDBI Direct Karvy
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 Karvy on Order Types

Order Type - Compare IDBI Direct with Karvy 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) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear 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 a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- IDBI Direct offers After Market Orders where Karvy doesn't offers AMO. GTC Orders- IDBI Direct offers Good Till Cancelled (GTC) orders where Karvy doesn't support Good Till Cancelled (GTC) orders.

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

Compare IDBI Direct vs Karvy on Customer Service

Compare IDBI Direct with Karvy 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 Karvy
Customer Service Compare IDBI Direct Karvy
24/7 Customer Service IDBI Direct vs Karvy - 24x7 customer support No No
Email Support IDBI Direct vs Karvy - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Karvy - Onine Live Chat No No
Phone Support IDBI Direct vs Karvy - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Karvy - Toll Free Number Yes Yes
Through Branches IDBI Direct vs Karvy - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Karvy - Customer Care Number 022-3913 5001 18004198283/7093706007/18004198283
Account Opening Process IDBI Direct vs Karvy - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs Karvy - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Karvy - Knowledge Center/Education Info Not Available https://www.karvyonline.com/knowledge-center/index
Head Office Address IDBI Direct vs Karvy - Head Office Address/Corporate Address Info Not Available Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Website IDBI Direct vs Karvy - Company Website https://www.idbidirect.in/ www.karvyonline.com
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Tips/Research/Reports Published

Compare IDBI Direct vs Karvy on Research Reports, Tips

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

Research Reports - Compare IDBI Direct with Karvy
  IDBI Direct Karvy
Research Mutual Funds IDBI Direct vs Karvy - Research Mutual Funds Yes No
Research Equity Reports IDBI Direct vs Karvy - Research Equity Reports Yes No
Research ETF IDBI Direct vs Karvy - Research ETF Yes No
Daily Market Report IDBI Direct vs Karvy - Daily Market Report Yes Yes
Free Tips IDBI Direct vs Karvy - Free Tips Yes Yes
Quarterly Result Analysis IDBI Direct vs Karvy - Quarterly Results Yes Yes
News Alerts IDBI Direct vs Karvy - Yes Yes
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Demat Account

Compare IDBI Direct vs Karvy on Demat Account

Compare IDBI Direct with Karvy 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 Karvy is ₹365 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 Karvy is ₹15 per transaction.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 Karvy
  IDBI Direct Karvy
DP Source CDSL CDSL
DP ID IDBI Direct vs Karvy - DP ID No 33200
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹365 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 ₹15 per transaction
Demat ₹5 per certificate + ₹30 courier charges ₹5 per certificate + ₹40 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Creation Confirmation Nil 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher 0.03% of transaction value (Min ₹100 and Max ₹5k)
Failed Instruction Charges Nil ₹100
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Karvy on Special Offers and Promotion

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

Compare IDBI Direct vs Karvy on Special Offers and Promotion
  IDBI Direct Karvy
Pay In and Pay Out Options IDBI Direct vs Karvy - 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 Karvy Broking Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IDBI Direct vs Karvy - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IDBI Direct vs Karvy - Bank Supported and Charges Info Not Available Around 40+ bank are prefered parter with Karvy Stock Broking.
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...

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...

  • 3-in-1 account opening facility is not available with Karvy.

Detail Review...

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