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IDBI Direct Vs Zerodha: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Zerodha offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Zerodha ranges between Rs 20. IDBI Direct is a Full Service Broker where Zerodha is a Discount Broker. IDBI Direct is having overall lower rating compare to Zerodha. IDBI Direct is rated only 3.5 out of 5 where Zerodha is rated 4.5 out of 5. Number of active customer for Zerodha is 72,87,148 where number of active customer for IDBI Direct is 55,291. Zerodha is serving more customer compare to IDBI Direct.

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

	IDBI Direct	Zerodha
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Discount Broker
Exchanges Supported	NSE, BSE	NSE, BSE, MCX
Active Clients	55,291	72,87,148
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...	Zerodha is India's number 1 discount broker offering free equity and mutual fund investment, Rs 20 flat brokerage trading, and user-friendly Kite trading platform.
Broker Enquiry

Account Opening Charges and AMC

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

Comparison of IDBI Direct with Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Zerodha

Charges	IDBI Direct	Zerodha
Trading Account Opening Fees	Free	Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 350 PA [Free for 1st year]	Rs 300 PA
Provide DP Service

About Brokerage Plans

Compare IDBI Direct vs Zerodha on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Zerodha. 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 Zerodha on Plan Options

Plan Types	IDBI Direct	Zerodha
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare IDBI Direct vs Zerodha on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Share Broker's Transaction Charges

Compare IDBI Direct vs Zerodha on Transaction Charges

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

Account Features

Compare IDBI Direct vs Zerodha on Account Features

Compare IDBI Direct with Zerodha on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - Zerodha offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - IDBI Direct offers a margin funding where Zerodha doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with Zerodha

Account Features Compare	IDBI Direct	Zerodha
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:10 PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare IDBI Direct vs Zerodha on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Zerodha. 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 Zerodha

Trading Platform Compare	IDBI Direct	Zerodha
Desktop Trading Platform	Infinity	Kite By Zerodha
Desktop Demo	Info Not Available	Info Not Available
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://trade.idbicapital.com/
Web Trading Demo	Info Not Available	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	IDBI Direct Mobile App	Zerodha Kite
Mobile Trading App Demo	Info Not Available	Zerodha Kite Demo
Android Mobile App
Android App Download	Andriod IDBI Direct Mobile App Download	Andriod Zerodha Kite Download
iPhone Mobile App (IOS)
iOS App Download	iOS IDBI Direct Mobile App Download	iOS Zerodha Kite Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for IDBI Direct	Equity Intraday and Delivery Brokerage Calculator for Zerodha
Futures Brokerage Calculator	Futures Brokerage Calculator for IDBI Direct	Futures Brokerage Calculator for Zerodha
Options Brokerage Calculator	Options Brokerage Calculator for IDBI Direct	Options Brokerage Calculator for Zerodha
Detail	Detail on Trading Platforms for idbicapital	Detail on Trading Platforms for zerodha

Broker Ratings by Users

Compare IDBI Direct vs Zerodha on User Rating

	IDBI Direct	Zerodha
	31 Customer Reviews	160 Customer Reviews
Fees Ratings	3.0	4.0
Trading Brokerage Rating	2.5	4.4
Trading Platform Usability	2.6	3.7
Customer Service Ratings	2.7	3.8
Overall Ratings	2.7	3.9
Broker Rating	IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews	Zerodha is Rated 3.9 / 5 based on 160 customer reviews

Investment Offerings

Compare IDBI Direct vs Zerodha on Investment Offerings

Compare IDBI Direct with Zerodha 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 - Zerodha 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) - both the brokers don't have PMS Service.

Investment Offerings - Compare IDBI Direct with Zerodha

Investment Offerings Compare	IDBI Direct	Zerodha
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare IDBI Direct vs Zerodha on Order Types

Order Type - Compare IDBI Direct with Zerodha 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) - IDBI Direct provide Bracket Orders (BO) where Zerodha 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 Zerodha

Order Type Compare	IDBI Direct	Zerodha
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare IDBI Direct vs Zerodha on Customer Service

Compare IDBI Direct with Zerodha 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 Zerodha

Customer Service Compare	IDBI Direct	Zerodha
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	022-3913 5001	"+ 91 80 4040 2020"
Account Opening Process	Info Not Available	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	Info Not Available	https://zerodha.com/varsity/
Head Office Address	Info Not Available	Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078
Website	https://www.idbidirect.in/	https://zerodha.com/

Tips/Research/Reports Published

Compare IDBI Direct vs Zerodha on Research Reports, Tips

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

Research Reports - Compare IDBI Direct with Zerodha

	IDBI Direct	Zerodha
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare IDBI Direct vs Zerodha on Demat Account

Compare IDBI Direct with Zerodha 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 Zerodha is ₹300 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 Zerodha is ₹8 + ₹5.50 (CDSL Charges) 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 Zerodha

	IDBI Direct	Zerodha
DP Source	CDSL	CDSL
DP ID	No	81600
Demat Account Annual Maintenance Charges(AMC)	₹350 pa	₹300 pa
Advance Deposit	NO	Nil
Statutory charges	Nil	₹50
Transaction Charges on Debit (Per ISIN)	0.04% of transaction value or ₹30 whichever is higher + CDSL charges	₹8 + ₹5.50 (CDSL Charges) per transaction
Demat	₹5 per certificate + ₹30 courier charges	₹150 per certificate + ₹100 courier charges
Remat	₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges	₹150 per certificate + ₹100 courier charges + CDSL Charges
Pledge Creation	0.05% of transaction value or ₹50 whichever is higher	₹20 + ₹12 CSDL charges
Pledge Creation Confirmation	Nil	Nil
Pledge Closure	0.0002% of transaction value or ₹25 whichever is higher	₹20 + ₹12 CSDL charges
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	₹20
Failed Instruction Charges	Nil	₹50 per instraction
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Zerodha on Special Offers and Promotion

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

Compare IDBI Direct vs Zerodha on Special Offers and Promotion

	IDBI Direct	Zerodha
Pay In and Pay Out Options	Info Not Available	pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time	Info Not Available	Max 24 hrs except for bank holidays
Bank Supported and Charges	Info Not Available	Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).
Bank Detail	Info Not Available	HDFC Bank Account#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240
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...	You will enjoy many benefits or advantages while trading with Zerodha; Rs 0 brokerage on investment in stocks Flat Rs 20 intraday and F&O trades Invest in direct mutual funds for free Instant and paperless account opening and closure Mainboard and SME IPO Apply via UPI Modern platforms and apps for free of cost Varsity, a free stock market learning platform No upfront fee required Advance orders; Basket order, Cover order (CO), After market order, GTT, etc. Zero-level Debt Company. 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...	Does not offer Lifetime free AMC account No intraday tips, equity research and advisory No unlimited zero brokerage plan for intraday traders No 3-in-1 account Bracket order is not offered by Zerodha No Installable trading terminal Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc. Software glitches in Kite happens at certain times. Detail Review...
Special Offers/Promo		Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry	Open Zerodha Account Now>>	Open Zerodha Account Now>>