IDBI Direct Charges – Find Brokerage Charges, Account Opening Charges and more
Last Updated Date: Mar 25, 2023In this article, we will provide you with a detailed list of IDBI Direct charges like brokerage charges, transaction charges, account opening charges and other important charges. IDBI direct is one of the leading stock market firms, that offers online trading in Equity, Mutual funds, F&O & more.
If you have a confusion regarding IDBI Direct Brokerage Charges, you are in the right place. This article will give you all details related to IDBI Direct Charges.
IDBI Direct Brokerage Charges
Find below the detailed table of IDBI Direct Brokerage Charges:
| Brokerage Charges | |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% |
| Equity Futures | 0.05% |
| Equity Options | Rs 100 per lot |
| Currency Futures | NA |
| Currency Options | NA |
| Commodity | NA |
| Flat Monthly Fees, if any | NA |
As per the table data, the brokerage charges for equity delivery are 0.50% and for Equity intraday & Equity Future are 0.05%. In Equity, option clients are required to pay Rs. 100 a lot as an IDBI Direct brokerage charge.
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IDBI Direct Account Opening Charges
Find below the IDBI Direct Account Opening Charges:
| Account Opening Charges | |
| Trading Charges [One Time] | Rs 500 |
| Trading AMC [Yearly] | NIL |
| Demat Charges [One Time] | NIL |
| Demat AMC [Yearly] | Rs 450 |
| Margin Money | 75% Margin |
The clients who wish to open an account in IDBI Direct, need to pay Rs. 500 as a trading account opening charge (one time).
Along with that, they are requested to pay Rs.450 yearly as account maintenance charges. And there are no account processing charges.
The clients can start their trading with a minimum 75% Margin.
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IDBI Direct Transaction Charges
Below is the list of IDBI Direct Transaction Charges:
| Transaction Charges | |
| Equity Delivery | 0.00225 (%) |
| Equity Intraday | 0.00225 (%) |
| Equity Futures | 0.0019 (%) |
| Equity Options | 0.051% on premium |
| Currency Futures | NA |
| Currency Options | NA |
| Commodity | NA |
For Equity delivery and Equity Intraday, transaction charges are 0.002250% respectively. If a client trades in equity futures then they has to pay 0.001900 as an equity futures transaction charge. And Equity options clients have to pay 0.051% transaction charges on premium.
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IDBI Direct Other Charges
Find below IDBI Direct Charges other than brokerage, a/c opening & transaction.
| Other Charges | |
| SEBI Turnover Charges | 0.00005% (Rs.5/Crore) |
| STT | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side *Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell-side (Non-Agri) Commodity Options: 0.05% on sell-side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell-side |
| Stamp Duty | (On buy-side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Margin Funding Charges | 18% |
| Reactivation Charges | Rs 50 per instruction |
| Account Closure Charges | Rs 35 per instruction |
| Dematerialisation Charges | Flat Rs 5 per certificate |
| Pledge Creation | 0.02% of the value of the scrip (Min Rs 25) |
| Pledge Invocation | 0.15% of the value of the scrip (Min Rs 25) |
| Margin Pledge/Unpledge/ Pledge closure | 0.02% of the value of the scrip (Min Rs 25) |
| Margin Repledge | 0.02% of the value of the scrip (Min Rs 25) |
IDBI Direct levied SEBI Turnover charges as o.ooo05% on total turnover. STT is also charged on Total Turnover @ 0.0126%.
The Broking house charges o.oo2% – o.003% Stamp duty which changes from state to state. GST is charged on the sum of Brokerage charges & transaction charges @ 18%.
Margin Funding charges are 18% + GST. While Reactivation charges & account closure charges are Rs.50 & Rs.35 per segment.
IDBI Direct charges Rs.25 for dematerialisation.
IDBI Direct Brokerage Charges FAQs
Does IDBI Direct Charge Brokerage?
Yes, charge brokerage is how stock brokers work and so does IDBI charge a fee for the investors and traders alike. However, the charge incurred is subject to change as per the segment of investment chosen and also the volume of trade order.
What are IDBI Direct Brokerage Charges?
We have the brokerage layout for all the segments and it goes like 0.50% – delivery, 0.08% – Equity Intraday and Equity Futures, and lastly, Rs 100 per lot for equity options. The brokerage for the other segments is not available.
What is the Intraday Brokerage of IDBI Direct?
There is an assured fee levied on the intraday segment, and it is low compared to the other charges levied on other segments. So, the figure in relation to the intraday segment is 0.05% of the total turnover of the transaction.
What other Charges were levied by IDBI Direct?
There are indeed a different set of charges which are not hidden, and rather transparently conveyed to the traders. Keeping account of the charges ensures profitable trade orders, and the charges are SEBI Turnover Charges, STT, Stamp Duty, GST and Transaction charges.
Is IDBI Direct a discount broker?
No, IDBI Direct is not a discount broker and has a list of products and services catered under its belt which are related to the stock broking world. They have a great offline presence and also a network of sub-brokers who keep their business going.
Does IDBI Direct have Free Delivery?
No, there is no facilitation of free delivery provided by the stockbroker. One has to pay the thereby charged percentage if one wants to invest in the equity delivery segment. This is like any other segment of investment, which has an attached charge.
How much does IDBI Direct Charge for Options?
Charges for the equity options are provided in the table of this article. The table also has the other brokerage charges of all the segments and you can refer to the one you want. As for the equity options segment, the Charge is Rs 100 per lot.
What are IDBI Direct Transaction Charges?
We have the transaction charges related to 4 different segments, where Delivery and Equity Intraday segments have a charge of 0.003250%, Equity Futures of 0.001900% and Equity Options of 0.051% on premium.
What is the Demat AMC in IDBI Direct?
The AMC may or may not be levied and it solely depends on the stock broking company in concern. As per the charge structure of IDBI Direct, a charge of Rs.450 is taken as the account maintenance charge once a year, from all the demat account holders.
Is IDBI Direct Brokerage Free?
No, the brokerage is not free for any of the segments including that of equity delivery. Hence, we cannot assume that the IDBI Direct brokerage is free. They neither have waived off the equity delivery fee, which is common for a lot of stock broking houses.
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