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About SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders.
SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a...
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 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 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.
SBI Securities | Indira Securities | |
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Type of Broker | Full Service Broker | Full Service Broker |
Exchnage Membership | BSE, NSE | BSE, NSE, MCX and NCDEX |
Year of Incorporation | 2001 | 1987 |
Number of Branches | 117 | 335 |
SBI Securities trading account opening charges is Rs 850 while Indira Securities account opening changes is Rs 0 (Free). SBI Securities Demat Account AMC Charges is Rs 350 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).
SBI Securities | Indira Securities | |
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Trading Account Opening Charges | Rs 850 | Rs 0 (Free) |
Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
Demat Account AMC Charges | Rs 350 | Rs 450 (Free for 1st year) |
SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.
Account Type | SBI Securities eZ-trade | Indira Securities Traditional Plan |
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Fixed Charges | NA | |
Equity Delivery | 0.50% | 0.10% |
Equity Intraday | 0.05% | 0.01% |
Equity Futures | 0.05% | 0.01% |
Equity Options | Rs 100 per lot | Rs 25 per lot (both side) |
Currency Futures | 0.03% | 0.01% |
Currency Options | Rs 30 per lot | Rs 25 per lot (both side) |
Commodity Futures | NA | 0.01% |
Commodity Options | NA | Rs 25 per lot (both side) |
Special Offer | Zerodha (Trade with the best stock broker) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. |
SBI Securities | Indira Securities | |
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Account Type | eZ-trade | Discount Brokerage Plan |
Fixed Charges | NA | |
Equity Delivery | 0.50% | Rs 20 per executed order |
Equity Intraday | 0.05% | Rs 20 per executed order |
Equity Futures | 0.05% | Rs 20 per executed order |
Equity Options | Rs 100 per lot | Rs 20 per executed order |
Currency Futures | 0.03% | Rs 20 per executed order |
Currency Options | Rs 30 per lot | Rs 20 per executed order |
Commodity Futures | NA | Rs 20 per executed order |
Commodity Options | NA | Rs 20 per executed order |
Minimum Brokerage | Rs 0.05 for Cash, Rs 0.01 Future | Rs 20 per executed order |
Other Charges | ||
Call & Trade Charges | Rs 10 per call (after 30 free calls a month) | Rs 0 (Free) |
SBI Securities transaction charges for options is NSE: 0.05515% (Rs 5515/Crore) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).
SBI Securities | Indira Securities | |
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Equity Delivery | NSE: 0.00386% | BSE: 0.00384% | NSE Rs 325 per Cr (0.00325%) |
Equity Intraday | NSE: 0.00386% | BSE: 0.00384% | NSE Rs 325 per Cr (0.00325%) |
Equity Futures | NSE: 0.002206% (Rs 221/Crore) | NSE Rs 190 per Cr (0.0019%) |
Equity Options | NSE: 0.05515% (Rs 5515/Crore) | NSE Rs 5000 per Cr (0.05%) (on premium) |
Currency Futures | 0.002206% | NSE Rs 120 per Cr (0.0012%) |
Currency Options | NSE: 0.05515% (Rs 5515/Crore) | 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%) | |
SBI Securities 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.
SBI Securities | Indira Securities | |
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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) |
The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. Indira Securities offers ODIN trading software.
SBI Securities | Indira Securities | |
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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 | SBI Smart Express, SBI Smart Web, SBI Smart Mobile | ODIN |
Intraday Square-off Time | 2:45 PM | 3:15 PM |
Trading In SME Shares Allowed? | ||
Referral Program | ![]() |
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Other Features | ||
SBI Securities is rated 2.5 of 5 based on 153 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 4 customer reviews.
SBI Securities Enquire | Indira Securities Enquire | |
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Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. |
SBI Securities | Indira Securities | |
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Stock / Equity | ![]() |
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Commodity | ![]() |
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Currency | ![]() |
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IPO | ![]() |
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Mutual Funds | ![]() |
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Bond / NCD | ![]() |
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Debt | ![]() |
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Other Investment Options |
SBI Securities | 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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SBI Securities | 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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SBI Securities | Indira Securities | |
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Casual Investor | ![]() |
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Active Investor | ![]() |
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Trader | ![]() |
SBI Securities | Indira Securities | |
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Reviews | ||
Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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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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