IDBI Direct Trading / Online Trading – Review, Process, Benefits, Charges & more
Last Updated Date: Mar 25, 2023IDBI Direct got its real meaning to serving arrays of clients, ranging from institutions to corporate ones in the year 1993, with IDBI Direct Trading as one such service.
The company has enriched its journey with the assistance of experts who have steered the company to keep moving in the right direction even today.
Before getting into more details about the IDBI, pay heed to the fact that IDBI direct is a sister concern of the company IDBI Bank Ltd.
Therefore, this article will shed some light on the fact of what you need to know exactly about IDBI Direct Online Trading.
IDBI Direct Trading and Benefits
If you are equally interested like other traders to double up your present investment, then you have one fine option to start your trading with IDBI Direct Online Trading.
- These days traders are smarter so they would love the intelligently programmed Mobile trading app from IDBI which is easy to handle and offers an instant trading facility.
- Platforms provided by the company to trade are fast, smart and light to load.
- On top of that, you have the flexibility to operate your trades any time you want to.
- At the same time, you would be able to access high-tech tools like price charting, limits and the status of the price.
Open Demat Account with IDBI Direct – Fill up the Form Now!
IDBI Direct Trading Charges
| IDBI Direct 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) |
Other Charges
The IDBI Direct Trading Charges are devised based on an equalized price strategy which makes clients expect the best from the company. Check out all the charges, you being a client will be obligated to pay.
- The transaction charges imposed by the company are 00312% on the whole turnover.
- The STT charges levied on the client’s count to 0126% on the entire turnover.
- The company follows the rules of SEBI turnover charges diligently which is why it is liable to take 00005% on the entire turnover.
- Coming to the stamp duty fees it literally depends on the state.
- Finally, the company also charges GST which is 18%.
Find Online Trading Services of other Stock Brokers
IDBI Direct Delivery Trading
In the meantime, let us check out the IDBI Direct Delivery Trading charge, which has got a percentage that varies between 0.05 – 0.35 only.
| IDBI Direct Delivery Charges | |
| Equity Delivery | 0.50% |
In the meantime, let us check out the IDBI Direct Delivery Trading charge, which has got a percentage that varies from 0.50% only.
IDBI Direct Intraday Trading
There are many who are earnestly interested in intraday broking. But they should remember that intraday trading is meant for experts who have the right knowledge of market fluctuations.
| IDBI Direct Intraday Charges | |
| Equity Intraday | 0.05% |
In the meantime, it is time to give a look at the IDBI Direct Intraday Trading charges. In that case, you should remember that IDBI basically charges only 0.05% which is seriously a small amount for any trader.
IDBI Direct Option Trading
Choosing IDBI for options trading would be a diplomatic move indeed. One can invest in all kinds of underlying instruments here, which include security, ETF or even index.
| IDBI Direct Option Charges | |
| Equity Options | Rs.100 per lot |
You can, on that note, keep track of the IDBI Direct Option Trading charge which varies between Rs.100 for each bunch.
IDBI Direct Futures Trading
Future trading has its own set of pros. One among is that this instrument is safeguarded from negative market fluctuations.
| IDBI Direct Futures Charges | |
| Equity Futures | 0.05% |
Ones, who wish to invest here, should not forget to remember that the IDBI Direct Futures Trading charge ranges from 0.05% which is definitely not much at all.
IDBI Direct Currency Trading
Currency trading is again the most demanding in the list of trading as the returns earned from investing in Forex is considered high enough.
| IDBI Direct Currency Charges | |
| Currency Option | NA |
| Currency Futures | NA |
Just like any other asset class, charges are applicable to this class as well. Keep in touch with the IDBI Direct Currency Trading charge which is NA for Futures and Rs.NA per lot for Options.
IDBI Direct Commodity Trading
Well, if you are new to trading then you can keep room for experimenting with commodity trading. Investing in expensive metals, gold silver and other included commodities is rewarding as well.
| IDBI Direct Commodity Charges | |
| Commodity Trading | NA |
Therefore, if you wish to try your hand at IDBI Direct Commodity Trading, you will have to pay a charge which is in between NA.
Find Segment Trading Charges of other Brokers
IDBI Direct Online Trading Process
If you are equally keen to speed up your money-making process then, make sure to know about IDBI Direct Online Trading. In order to know about that, just follow the process mentioned in the below sections:
- First of all, you need to click over the green button, “Open Demat Account”
- There, you will come across a pop-up form that asks you for some details. In addition to that, you need to provide your mobile no and date of birth.
- Company executives will then contact you to make you familiar with the further procedure.
- KYC process is as well included, where you will have to provide scanned copies of some documents such as cancelled cheque, account number, PAN number, Aadhaar number, date of birth, etc.
- If your documents get verified, your account will be activated, the credentials of which will be sent to you over email.
IDBI Direct Online Trading Platforms
Highlighting the attributes like the IDBI Direct Trading Platforms, it is significant to say that the company has definitely stretched its arm to make the trading venture completely easier for the customers.
Therefore, we will share a few bullets on the trading platform as a whole:
- Desktop trading terminal: The desktop trading terminal is robustly equipped, it makes you aware of the status of the particular stock in the market.
- Web trading platform: The best about the web trading platform is you can customize the account work on your terms like creating a market watch window, getting to know about the market rates, etc.
- Mobile trading app: The mobile trading App is designed so conveniently with a pragmatic approach so that traders can trade from any corner without issues. Apart from that, the mobile trading app is super convenient as you can place an order and at the same time check the position.
Check out the Online Trading Services of other Brokers
IDBI Direct Trading – Conclusion
Certainly, it is a pleasure for clients who earnestly rely on the company because the company has reached the ultimate potential to satiate clients with the best broking facilities.
It worked united under one umbrella to offer a convenient space for IDBI Direct Trading. IDBI Direct Online Trading is an approach to bringing financial solutions to the client’s doorsteps.
Thus, we believe the information provided would be enough to draw a conclusion about the company. Also, the relationship managers are on duty to sort out every query very politely.
IDBI Direct Trading FAQs
Check out various FAQs related to IDBI Direct:
Does IDBI Direct provide Online Trading?
Yes, IDBI Direct does provide the option of online trading to its clients. IDBI Direct got its real meaning to serving arrays of clients, ranging from institutions to corporate ones in the year 1993, with IDBI Direct Trading as one such service.
What are the Charges in IDBI Direct?
Apart from the brokerage charge that is different for each segment, there are the Transaction Charges worth 0.00312% and STT worth 0.0126% of the total turnover, 0.00005% of the total transaction amount as SEBI charges, stamp duty charges as per state and GST worth 18% of the sum of brokerage and transaction charges.
Does IDBI Direct provide Delivery Trading?
Yes, IDBI Direct does provide delivery trading. In delivery trades, the stocks you buy are added to your demat account. They remain in your possession until you decide to sell them, which can be in days, weeks, months or years. You enjoy complete ownership of your stocks.
Is delivery trading Free at IDBI Direct?
No, with the benefits of delivery trading and the facilities offered by IDBI Direct, delivery trading is not free. IDBI Direct charges a percentage of 0.50% fee from the clients carrying out delivery trading. This is less compared to the market average and is an affordable rate.
Does IDBI Direct provide Option Trading?
Yes, IDBI Direct does provide options trading. The options market trades contracts based on securities. This segment of trading allows traders to buy or sell stocks, ETFs etc. at a specific price within a specific date.
What is Option Trading Charges at IDBI Direct?
The IDBI Direct Option Trading charge varies between Rs.100 for each bunch. Options are conditional derivative contracts that allow buyers of the contracts (option holders) to buy or sell a security at a chosen price. Options trading has its own set of opportunities to be profitable for the traders.
Does IDBI Direct provide Futures Trading?
Yes, IDBI Direct does provide futures trading to its clients. Futures Trading involves trading in contracts in the derivatives markets. Futures contracts detail the quantity of the underlying asset and are standardized to facilitate trading on a futures exchange.
What is Futures brokerage at IDBI Direct?
Future trading has its own set of pros. One among them is that this instrument is safeguarded from negative market fluctuations. Ones, who wish to carry out futures trading with IDBI Direct have to pay the futures brokerage that ranges from 0.05% which is definitely not much at all.
Is IDBI Direct safe for trading?
Yes, IDBI Direct is completely safe for trading. The company has enriched its journey with the assistance with experts who have steered the company to keep moving in the right direction even today. It provides trustworthy and secure facilities to its clients.
Does IDBI Direct provide Trading Tips?
Yes, IDBI Direct does provide trading tips. The company provides research and advisory services to clients. These allow traders to take educated decisions and maximise the chances of profitability.
Open Demat Account with IDBI Direct – Fill up the Form Now!
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