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IDBI Direct, also known as IDBI Capital, is a subsidiary of IDBI Bank Ltd. It is the broking arm of the financial legendary company. The IDBI Demat Account is a talked about account among traders and investors as they see a lot of value-added services in their way of operating.

IDBI Direct came into existence in the year 1993 and was formulated out of the IDBI group. Today the company has gained a net worth of around 3 Billion and operates in over 14 cities across the country with more than 200 direct employees handling the fort.

The IDBI Trading Account and the Demat account offer some really exciting benefits which you surely cannot resist as a consumer. The article will let you explore a little more about their features and benefits which you could capitalize on.

IDBI Direct Offers

IDBI Demat Account

The IDBI Demat Account is an of its kind account as they provide various benefits to its customers. Let’s have a look at what kind of benefits you could get using their Demat Account:

  • Free Account Opening: In such a competitive industry, where most market players are charging for opening up the Demat Account as well, IDBI does not charge a single Rupee towards the Account opening charge.
  • Discount on Brokerage: The IDBI Direct Demat account offers multiple discounts to customers on their brokerage charges. You can also customize your brokerage plan as per your trading patterns.
  • Robo Advisory & Stock Recommendations: Association with IDBI Direct also gives you many advisory benefits to be able to take calculative decisions pertaining to your investments.
  • Leverage or Exposure Benefit: With an IDBI Demat Account, you get an exposure of up to 15 times over the Margin Money that you have deposited with them.
  • Personalized Wealth Management Service: HNI customers also get privileged personalized wealth management services that can help them through their trade.

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    How to Open IDBI Demat Account?

    To Open IDBI Direct Demat Account seamlessly within a few minutes. All you need to do is follow some simple steps and your account will be created:

    1. Click on the button below that says “Open Demat Account”
    2. Once you click on that button, a pop-up will appear. You need to enter all details.
    3. You need to fill in all details accurately as that will become part of your Trading & Demat Account.
    4. An executive will give you a call and also ask you to fill in an EKYC form, where you need information like Aadhaar number, PAN number, date of birth, and bank details such as Account number and the IFSC code.
    5. Once you are done with the form filling, you also need to upload your KYC documents on their website itself. KYC documents could be your Adhaar Card, your PAN Card and your address proof as well, along with a passport-size photo and a cancelled cheque.
    6. Once you have uploaded your KYC documents, the system will prompt you that you will receive a verification call from the IDBI Direct Sales team.
    7. The verification is generally done physically but in this situation, they could also verify through a Webcam or Video Call.
    8. On successful completion of the above steps, IDBI Direct will issue your Demat Account and Trading account details and you can log in immediately to get started.

    Check out the Demat Account Opening Process of other Brokers

    IDBI Demat Account Charges

    IDBI Demat 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
    Dematerialization Available Yes

    Thus, IDBI Direct is a company for the masses and has based its philosophy on customer satisfaction; hence, all the IDBI Direct Account Opening charges are also extremely competitive as compared to other players.

    There are no charges whatsoever on the Demat Account opening but the Trading account charges Rs 500. With them, you can open up two forms of Demat account as they have partnered with both CDSL & NSDL as their Depository Participants.

    If we consider the Margin Money, it is on the average side, as there even are companies which offer zero margins. They require only a minimum of 75% Margin as their Margin Money mandate.

    However, this depends completely on the customer; if the customer wants to keep a higher Margin of money to enjoy more exposure, he can surely do that as well. The exposure with IDBI Direct could go up to 15 times as well, especially on Intraday Equity Trade.

    The rest of the IDBI Direct Demat Account Charges can be found in the table and also are discussed in the following paragraphs.

    IDBI Direct AMC or Annual Maintenance Charges

    The IDBI Direct AMC are also very competitive vis-à-vis other broking houses. For the Trading account, there is no AMC charge and for the Demat Account, they charge only Rs.450 per annum.

    With IDBI Direct, you can also enjoy the Dematerialization facility of your stocks when not in use.

    Check out the Demat Account Opening Charges of other Brokers

    IDBI Trading Account

    Just like the Demat Account, the IDBI Trading Account also offers a plethora of facilities to traders. Let’s see what kind of benefits you can trade in with them:

    • You can trade in multiple segments and multiple exchanges all at once, using a single IDBI Direct Trading Account.
    • The advanced Trading Platforms allow you many options like real-time streaming of stocks, live market updates and notifications, charting solutions to provide trending of stocks and also portfolio building.
    • You can monitor your own portfolio using the trading platform which will help you keep a close eye on your expenditure, gains and losses and also plan your future trades.
    • Their proficient Robo Advisory tools and stock recommendations let you analyse your investments and plan in a methodical manner.
    • The Trading Account is also linked to your primary bank account which can infuse transactions seamlessly without having to toggle between two apps separately.

    IDBI Demat Account – Conclusion

    IDBI Direct is a leading broking company which has conquered the stock market industry in a very short span of time.

    With their cognitive nature and adaptable tools, the experience that the IDBI Bank Demat Account & Trading Account brings in is completely exemplary.

    You can surely be assured to get an experience of a lifetime if you plan to get associated with them and start your trading journey.

    IDBI Direct Demat Account FAQs

    Check out various FAQs related to IDBI Direct Demat Account:

    How can I open IDBI Direct Demat Account?

    Clicking on the “Open Demat Account” button in green will get you started with the process. When you do the same, a pop-up form will appear, which requires you to fill in the contact details. When you submit it, the customer care department will get in touch with you for further processing.

    Is IDBI Direct Demat Free?

    If you consider the account opening charge, then the demand account is indeed free. There is no demat account opening charge taken by the stock broking house.  However, there is an associated AMC and it is at the rate of Rs.450 per Annum.

    What are IDBI Direct Demat Charges?

    The two basic charges associated with the demat account are firstly the account opening charge and then the account maintenance charge. The account opening fee, which is a one-time fee is free, whereas the AMC is Rs.450 per Annum

    Is AMC levied on IDBI Direct Demat?

    Yes, there is a charge tagged as the AMC with the account and it is Rs.450 per Annum. You have to pay this amount if you wish to continue holding your account with the stock broker, once every year, which makes it a minimal charge.

    Is IDBI Direct’s Demat Account the best?

    Yes, there are a lot of stock brokers offering great services for their clients and IDBI Direct is one of them. They have a great product and service lineup, ensuring there is adequate fulfilment of the needs that their clients portray.

    Does IDBI Direct provide Demat a/c?

    Yes, providing the demat account is the norm of this stock broking house, or we can say it is the prime offering from the broker. It lets you invest in multiple financial products with the motive of maximizing your funds efficiently.

    What Documents are required for IDBI Direct’s Demat?

    You need documents which prove your identity and also your financial status. So, the documents which do the needful are an Aadhaar card, PAN card, passport size photograph and cancelled cheque. You need to provide scanned copies or Xerox as per the medium of application.

    Is Aadhaar Compulsory to Open IDBI Direct Demat?

    Yes, you are in need of an Aadhaar card in order to successfully go through the account opening Process. It first serves as proof of identity and verification; on the other hand, it also lets you digitally sign the declaration of the KYC form.

    Is PAN required for Opening IDBI Direct Account?

    Yes, you also need the PAN card for the account opening process for the financial arenas of the accounts that you need. You need to link the demat and trading account with that of the savings bank account, which is done via the PAN card.

    Do they Charge a Demat Account opening Fee?

    No, this is great news as provided by the stock broking house. This stock broking house does not levy an account opening charge which is basically levied by a lot of stock brokers in the market. So, you can avail of the IDBI Demat account for free.

    Open IDBI Direct Demat Account – Fill up the Form Now!

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