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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... 
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 ...
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 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) |
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 | 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 | |
| Open Bajaj Finserv Account |
| 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) | |
| Open Bajaj Finserv Account |
| 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) |
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 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) |
| Open Bajaj Finserv Account |
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 |  |
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| Charting |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| Margin Against Shares (Equity Cash) | |
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| Margin Against Shares (Equity F&O) | |
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| 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? | |
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| Referral Program | |
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| Other Features | ||
| Open Bajaj Finserv Account |
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  |
4 Customer Reviews |
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| 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 |
| 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. |
| Bajaj Finserv | Indira Securities | |
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| Bajaj Finserv | Indira Securities | |
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| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Open Bajaj Finserv Account |
| Bajaj Finserv | Indira Securities | |
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| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Bajaj Finserv | Indira Securities | |
|---|---|---|
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| Bajaj Finserv | Indira Securities | |
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| Promo / Offers | Bajaj Finserv Special OfferRs 0 Account Opening (for a limited time only)
This is a limited-time offer. Simply leave your contact information with us and Bajaj Finserv representatives will contact you. |
Indira Securities Special OfferFree Equity Delivery TradingGet 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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