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Bajaj Finserv Vs Indira Securities (Compare Bajaj Finserv and Indira Securities)

Bajaj Financial Securities Ltd Logo

About Bajaj Finserv
Bajaj Financial Securities Limited (BFSL) is a subsidiary of Bajaj Finance Limited, one of the largest NBFCs in India. BFSL, a SEBI registered company offers stockbroking services and is a member of BSE and NSE. BFSL is the depository participant with NSDL and CDSL. BFSL offers online discount brokerage services in Equity and Derivative Trading, Mutual Funds, Margin Trading Financing, IPO Financing, Spread Financing and Loan Against Securities. BFSL has two trading platforms - BFSLTrade App (m... Know more about Bajaj Financial Securities Ltd

Indira Securities Pvt Ltd Logo

About Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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Bajaj Finserv Vs Indira Securities

Incorporated in 2010, Bajaj Finserv is a Discount Broker. It offers trading at BSE, NSE. It has 6 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

  Bajaj Finserv Indira Securities
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX and NCDEX
Year of Incorporation 2010 1987
Number of Branches 6 335
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Bajaj Finserv Vs Indira Securities Charges & AMC

Bajaj Finserv trading account opening charges is Rs 0 (Free) while Indira Securities account opening changes is Rs 0 (Free). Bajaj Finserv Demat Account AMC Charges is Rs 199 (Free for 1st year) and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

  Bajaj Finserv Indira Securities
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 899 per year Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 199 (Free for 1st year) Rs 450 (Free for 1st year)

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Bajaj Finserv Vs Indira Securities Brokerage

Bajaj Finserv brokerage charges for equity is 0.10% and intraday is Rs 17 per order whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

Account Type Bajaj Finserv Freedom Plan Indira Securities Traditional Plan
Fixed Charges Rs 0 NA
Equity Delivery 0.10% 0.10%
Equity Intraday Rs 17 per order 0.01%
Equity Futures Rs 17 per order 0.01%
Equity Options Rs 17 per order Rs 25 per lot (both side)
Currency Futures 0.01%
Currency Options Rs 25 per lot (both side)
Commodity Futures 0.01%
Commodity Options Rs 25 per lot (both side)
Special Offer
Special Offer: Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!.
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Bajaj Finserv Vs Indira Securities Brokerage Plan 2

  Bajaj Finserv Indira Securities
Account Type Professional Pack Discount Brokerage Plan
Fixed Charges Rs 2500 per year NA
Equity Delivery Rs 10 per order Rs 20 per executed order
Equity Intraday Rs 10 per order Rs 20 per executed order
Equity Futures Rs 10 per order Rs 20 per executed order
Equity Options Rs 10 per order Rs 20 per executed order
Currency Futures Rs 20 per executed order
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order
Commodity Options Rs 20 per executed order
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Bajaj Finserv Vs Indira Securities Brokerage Plan 3

  Bajaj Finserv Indira Securities
Account Type Bajaj Privilege Club Traditional Plan
Fixed Charges Rs 9999 per year NA
Equity Delivery Rs 5 per order 0.10%
Equity Intraday Rs 5 per order 0.01%
Equity Futures Rs 5 per order 0.01%
Equity Options Rs 5 per order Rs 25 per lot (both side)
Currency Futures 0.01%
Currency Options Rs 25 per lot (both side)
Commodity Futures 0.01%
Commodity Options Rs 25 per lot (both side)
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Bajaj Finserv Charges Vs Indira Securities

Minimum Brokerage Rs 5 for Equity Delivery & Intraday Rs 20 per executed order
Other Charges
Call & Trade Charges Rs 20 per trade Rs 0 (Free)

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Bajaj Finserv Vs Indira Securities Transaction Charges

Bajaj Finserv transaction charges for options is NSE Rs 5325 per Cr (0.05325%) (on premium) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

  Bajaj Finserv Indira Securities
Equity Delivery NSE Rs 345 per Cr (0.00345%) (each side) NSE Rs 325 per Cr (0.00325%)
Equity Intraday NSE Rs 345 per Cr (0.00345%) (each side) NSE Rs 325 per Cr (0.00325%)
Equity Futures NSE Rs 225 per Cr (0.00225%) NSE Rs 190 per Cr (0.0019%)
Equity Options NSE Rs 5325 per Cr (0.05325%) (on premium) NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures NSE Rs 120 per Cr (0.0012%)
Currency Options NSE Rs 500 per Cr (0.005%) (on premium)
Commodity Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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Bajaj Finserv Vs Indira Securities Leverage (Margin)

Bajaj Finserv margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Indira Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Bajaj Finserv Indira Securities
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Bajaj Finserv and Indira Securities Features

The trading platforms offered Bajaj Finserv include BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website). Indira Securities offers ODIN trading software.

  Bajaj Finserv Indira Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website) ODIN
Intraday Square-off Time 3:15 PM 3:15 PM
Trading In SME Shares Allowed? No
Referral Program Yes
Other Features
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Bajaj Finserv Vs Indira Securities Review

Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 4 customer reviews.

  Bajaj Finserv Indira Securities
  13 Customer Reviews    Rate Bajaj Finserv 4 Customer Reviews    Rate Indira Securities
Fees 2.7 2.8
Brokerage 3.4 4.0
Trading Platform 3.0 4.0
Customer Service 2.8 3.8
Research Capabilities 4.3
Overall Ratings Rated 3.2 stars Rated 4.0 stars
Broker Rating Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews Indira Securities is rated 4.0 of 5 based on 4 customer reviews

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Contact Broker / Request A Call Back

  Bajaj Finserv Enquire Indira Securities Enquire
Contact Broker Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!. FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

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Bajaj Finserv Vs Indira Securities Investment Options

  Bajaj Finserv Indira Securities
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options

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Bajaj Finserv Vs Indira Securities Order Type Offered

  Bajaj Finserv Indira Securities
Bracket Order Yes Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No
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Bajaj Finserv Vs Indira Securities Research Report

  Bajaj Finserv Indira Securities
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes

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Bajaj Finserv Vs Indira Securities Suitable For Investor Type

  Bajaj Finserv Indira Securities
Casual Investor
Active Investor Yes
Trader Yes Yes

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Bajaj Finserv Vs Indira Securities - Pros and Cons

  Bajaj Finserv Indira Securities
Pros
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
Cons
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
Reviews
Promo / Offers

Bajaj Finserv Special Offer

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • Flat Rs 10 Per Trade Brokerage (with Rs 2500 AMC)
  • Flat Rs 5 Per Trade Brokerage (with Rs 9999 AMC)

This is a limited-time offer. Simply leave your contact information with us and Bajaj Finserv representatives will contact you.

Indira Securities Special Offer

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

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