Indbank Online Review, Brokerage Charges, Demat A/C, Platforms & more
Last Updated Date: Dec 01, 2022Indbank Online is a stock broking firm that use a banking services parent company.
In this article detailed review and understand of Indbank Online Securities Demat, Indbank Online Securities Broker Charges and trading platforms.
This is a detailed analysis of the Indbank Online securities, through which you will understand all about their offerings, trading platforms, brokerage and other offers.
Indbank Online Ratings & Review by Top10StockBroker
| Experience | 2.9/5 |
| Products & Services | 3.4/5 |
| Brokerage Charges & Fees | 3.1/5 |
| Stock Research & Advisory | 3.3/5 |
| Trading Platforms | 2.9/5 |
| Overall Ratings | 3.2/5 |
| Star Ratings | ★★★☆☆ |
About Indbank Online
| Company Type | Private |
| Broker Type | Full Service Broker |
| Headquarters | Chennai, Tamilnadu |
| Founder | P.A.Krishnan |
| Established Year | 1989 |
Indbank Merchant Banking Services Limited was founded in 1989 as an Indian Bank subsidiary. It is a bank based full-service stockbroker.
Indbank Online is involved in range of services like merchant banking, advisory services, stock broking, and depository participant activities, distribution of mutual fund and investment products – online trading
INDBANK is a SEBI registered Depository Participant with NSDL and is governed by the Depositories Act, SEBI Regulations. Their circulars are issued by SEBI and NSDL from time to time.
As the full-service stock broker offers its customers to trade and invest in the following segments: Equity, Currency Trading, Mutual Funds, IPO, ETFs, Bonds, Fixed Deposits and Insurance.
Open Demat Account with Indbank Online
Indbank Online Brokerage Charges
| Equity Delivery Trading | 0.1% – 0.2% |
| Equity Intraday Trading | 0.01% – 0.02% |
| Commodity Options Trading | 0.01% – 0.02% |
| Equity Futures Trading | 0.01% – 0.02% |
| Equity Options Trading | Rs.10 – Rs.20 per Lot |
| Currency Futures Trading | 0.01% – 0.02% |
| Currency Options Trading | Rs.10 – Rs.20 per Lot |
| Minimum Brokerage | Percentage of Transaction |
| Demat AMC Charges | Rs.349 per Annum |
| Trading AMC Charges | Free |
| Margin Money | Minimum Rs.5,000 |
| Brokerage Calculator | Indbank Online Brokerage Calculator |
Indbank brokerage charges are above average.
- They charge 1% – 0.2% for equity delivery.
- The firm charge 01% – 0.02% for the intraday trading of the equities and also for equity futures, currency futures and also for commodities.
- For the equity options and currency options the charge is 10 – Rs.20 per Lot
- Minimum Rs.5,000 of margin money need to maintain for trading balance.
Indbank Online Other Charges
| Transaction Charges | 0.00305% |
| STT | 0.0126% of Total Turnover |
| SEBI Turnover Charges | 0.0002% of Total Turnover |
| Stamp Duty | Depends on State (very minimal) |
| GST | 18% of (Brokerage + Transaction Charges) |
Other charges over brokerage are levied on trading. For every trader in India this is basically a standard fee for each and every trade.
GST of 18% is applied. SEBI charge 0.0002% for turnover and for STT 0.0126% of total turnover is required to pay.
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Indbank Online Demat Account Opening Fees
| Depository Source | CDSL & NSDL |
| Account Opening Charges | Rs.219 |
| Demat AMC Charges | Rs.349 per Annum |
| Trading AMC Charges | Free |
| Margin Money | Minimum Rs.5,000 |
| Offline to Online | Yes |
Traders pay the yearly account fees for opening the account with this full-service stockbroker.
- Maintenance for demat account for trading is Rs.349 per Annum.
- Trading Charges for Clients they charge are free.
- Account Opening Charges is Rs. 219.
- A margin deposit of Minimum Rs. 5,000 a trader needs to put up in order to open a leveraged trading position.
Indbank Online Offers
| Free Demat Account | No |
| Free Trading Account | Yes |
| Discount on Brokerage | No |
| Trading Happy Hours | No |
| Flexible Brokerage Plans | Yes |
| 1 Month Brokerage Free | No |
| Holiday Offers | Yes |
| Referral Offers | No |
| Zero Brokerage for Loss Making Trades | No |
Let’s seek to understand what value proposals the broker has to offer and if opening trading account with Indbank Online.
- Free trading account with flexible brokerage plans is offered.
- They propose holiday offers.
How to Open a Demat Account with Indbank Online?
The process of demat account opening is provided below –
- Fill up the form here by clicking on green Open Demat Account button.
- Fill the form with all required detail like name, mobile number and city.
- A call from Indbank securities will be made to you.
- Indbank representative will visit and collect necessary documents, such as aadhar, pan, bank statement, picture and a few signatures, to create a demat account.
- With the collection of the other documents, the KYC form includes also an agreement that covers all the terms, charges, rules and regulations.
- Within few days account will be created.
Why Open Indbank Online Trading Account?
Trading with Indbank is a good to relay for trading.
- The broker provides a durable and flexible free trading platform through trouble – free platform.
- They provide high trading margin for outstanding leverage.
- Since bank account can be integrated directly into your account, which helps you to instantly transfer trading money.
- Trading platforms are developed and maintained in-house by the bank based broker.
Get a Call back from Indbank Online
Indbank Online Products & Services
Here are the list of Products & Services provided by Indbank Online –
Products Offered by Indbank Online
| Equity Trading | Yes |
| Commodity Trading | Yes |
| Currency Trading | Yes |
| Options | Yes |
| Futures | Yes |
| Mutual Funds | Yes |
| Forex | No |
| Banking | No |
| SIP | Yes |
| Insurance | No |
Indbank Online securities offer its customers a range of trade and trading product.
- Customers are required to open separate accounts for other investment units.
- They provide trading platform to trade in equity and derivative- option and future.
- They offer to trade in MCX and currency market.
- Investing regularly in a mutual fund schemes and SIP are propose.
Indbank Online Service Offerings
| Demat Services | Yes |
| Trading Services | Yes |
| 3 in 1 Acount | No |
| Intraday Services | Yes |
| IPO Services | Yes |
| Stock Recommendations | No |
| Robo Advisory | No |
| PMS | No |
| Trading Institution | Yes |
| Trading Exposure | Upto 7X |
- Trader can seek help from customer care service provider. They help to settle compliance.
- Trading services- Support with Intraday and IPO services.
- Online Trade Assistance: Helps to analyze online stock. Also help with all Demat services and trading services.
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Indbank Online Research, Advisory and Stock Tips
| Fundamental Reports | Yes |
| Research Reports | Yes |
| Company Reports | Yes |
| Annual Reports | Yes |
| Company Stock Review | Yes |
| Free Stock Tips | Yes |
| IPO Reports | Yes |
| Top Picks | Yes |
| Daily Market Review | Yes |
| Monthly Reports | Yes |
| Weekly Reports | Yes |
| Offline Advisory | Yes |
| Relationship Manager | Yes |
- They regularly provide fundamental and technical tips and recommendations to clients on a daily basis.
- Deliver reports include fundamental, company, IPO. On basis of intraday, weekly and monthly reports.
They provide free stock recommendation with proper target, stop loss and all detail of company report.
Indbank Online Exposure or Leverage
| Equity Delivery | Upto 1X |
| Equity Intraday | Upto 7X |
| Equity Futures | Upto 2X |
| Equity Options | Upto 2X |
| Currency Futures | Upto 4X |
| Currency Options | Upto 3X |
| Commodities | Upto 2X |
| Margin Calculator | Indbank Online Margin Calculator |
- Indbank Online provide upto 7X maximum exposure for equity intraday trading.
- For equity derivative and commodity trading they offer 2 time of exposure.
- Trading in equity delivery no leverage is offered.
Check Margin or Exposure of other stock brokers
Indbank Online Trading Platforms
Here are the various trading platforms offered by the broking house –
| Desktop Platform – Windows | Yes |
| Desktop Platform – Mac | No |
| Desktop Browser Platform | No |
| Mobile Site Platform | Yes |
| Android App Platform | Yes |
| iOS App Platform | Yes |
| Windows App Platform | No |
| Other Mobile OS Platform | No |
| Real time Updates | Yes |
| Portfolio Details | Yes |
| Online MF Buy | Yes |
| News Flash | Yes |
| Research Reports | Yes |
| Easy Installation | No |
| Global Indices | Yes |
| Stock Tips | Yes |
| Personalized Advisory | No |
| Interactive Charts | No |
| Live Markets | Yes |
| SMS Alerts | No |
| Email Alerts | Yes |
| Multi Account Management | No |
The complete – service stockbroker offers Web, Desktop and mobile online trading applications. The main part of this trading platform is that the bank – based broker develops and maintains all such software in – house.
Indbank Online Web Trading Platform (Now)
- It is online Trading software known as, “NOW” (Neat on Web) is offered by M/s. DOTEX a subsidiary of NSE.
- The software is NSE Exchange Supported, which results in faster rate updations.
- The NOW trading software is EXE based unlike other browser based platforms and hence it’s free from browser compatibilities.
- The installation is a “One Time Process” and any changes in system will not affect its performance.
Indbank Online Trading Terminal
- Monitoring transactions with order book, trade book and net position
- A single user interface for ordering shorts in equity and future options for functions like Buy, Sell, Order book etc.
- Provide Real time Updates, Global Indices, Research Reports, Live Markets and Email Alerts.
- Advanced Interactive Charts for your technical analysis.
- The application customized watch lists feature Search reports, news and market tips.
Indbank Online Mobile Trading App
The broking house has not launched mobile app yet to their clients for trading purposes.
Indbank Online Customer Care
| Dedicated Dealer | No |
| Offline Trading | Yes |
| Online Trading | Yes |
| 24*7 Support | No |
| Support Number | NA |
| Email Support | Yes |
| Chat Support | No |
| Toll Free Number | No |
| Branches | 76 |
- Customer support is provided for any issue arises. They support offline trading and online trading.
- Customers can visit their branch for seeking help, there are 76 branches.
- They provide support to their clients by Email and over call.
Indbank Online Complaints and Feedback
Find the list of complaint against Indbank Online
| Lodged in BSE | 0 |
| Resolved in BSE | 0 |
| Lodged in NSE | 6 |
| Resolved in NSE | 6 |
Find the list of complaint against Indbank Online Securities
- In BSE no complain was lodge, but in NSE 6 complained was lodge all were succesfully settled.
- Percentage of no. of complaints received against the number of active clients is a mere 0.14 %
Indbank Online Disadvantages
Some of the concerns of opening an account with this bank based full-service stockbroker are:
- The major problem is the costs it requires for its terminal trading platform.
- They don’t have huge customer base for trading.
- Quality of trading tip is below average.
- Do not provide 24*7 customer care service.
Indbank Online Conclusion
If you want inhouse trading software and bank serving broker firm then Indbank is a best brand for trading. They provide decent customer service.
The broking house provide good and profitable trading tips to traders.
Open Demat Account with Indbank Online
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