IDBI Capital Stock Trading, Demat, Brokerage and Reviews 2020


-2.58% 50,258 Clients

Incorporated in December 1993, IDBI Capital Markets and Securities Ltd. (IDBI Capital), is a wholly owned subsidiary of IDBI Bank Ltd. IDBI Capital offers online trading in Equities, F&O, Mutual Funds, and IPOs etc. It also distributes Third Party Products, like Fixed Income Products, Mutual Funds etc., The company is amongst the top 10 MF distributors in India.

IDBI Capital offers its online trading services through www.idbidirect.in (previously called IDBI paisa builder).

IDBI Capital offers 2 unique products EQUITY SIP and ENCASH to the customers.

  • EQUITY SIP-  It is a Systematic Investment Plan wherein a fixed amount can be invested in select stocks every month. IDBI customers can choose from two types of SIP - Amount Based and Quantity Based-
    • Amount based SIP - In this, you can invest a fixed amount in stocks of your choice at a predefined frequency and term. You can choose up to 10 scrips.
    • Quantity based SIP - This option allows you to buy a certain number of shares of a company. You can choose up to 5 such scrips to purchase.
  • ENCASH- It allows customers to get the sales proceeds credited to their account on the trading day instead of normal T+2 settlement day. The facility is available only on the shares available in the customer's Demat account.

The company has a net worth of over ₹3 billion. It has a good physical presence across India.  It has 19 branches, spread over 14 cities across India, and a vast network of Business Associates. IDBI customers can visit any of these branch offices to get various services and trading assistance.

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IDBI Capital Charges 2020

IDBI Capital offers 2 brokerage plans to suit the varied needs of the traders-

  • Card Rate Plan- In this plan, the brokerage is charged as a percentage of the trade value.
  • Ace Trader Plan- In this plan, the brokerage is charged as a percentage of the trade value. However, the percentage charged depends on the monthly trade turnover.

IDBI Capital Brokerage Charges 2019

  • Trading Account Opening Charges (One Time)- ₹500
  • Trading Annual maintenance charges (AMC)
  • Demat Account Opening Charges (One Time)-
  • Demat Account Annual Maintenance Charges(AMC)-

IDBI Capital Trading Brokerages

IDBI Card Rate Plan

Delivery Brokerage (per leg)

0.50%

Square-off Brokerage (Per leg)

0.05%

Futures Brokerage (Per leg)

0.05%

Options Brokerage (Per lot Per leg)

₹100

IDBI Ace Trader Plan

Delivery Trading

Total Eligible Turnover per month

Brokerage each leg (%)

Up to ₹ 2,00,000

0.50

₹2,00,001-₹ 5,00,000

0.45

₹ 5,00,001- ₹ 10,00,000

0.40

₹10,00,001- ₹ 20,00,000

0.35

₹20,00,001- ₹ 40,00,000

0.30

₹ 40,00,001- ₹1,00,00,000

0.25

₹1,00,00,001-₹ 5,00,00,000

0.20

₹5,00,00,001- ₹ 10,00,00,000

0.15

Above ₹ 10,00,00,000

0.10

Intraday Trading

Total Eligible Turnover per month

Brokerage each leg (%)

Up to ₹ 2,00,00,000

0.050

₹ 2,00,00,001 - ₹ 4,00,00,000

0.045

₹4,00,00,001- ₹6,00,00,000

0.040

₹ 6,00,00,001 - ₹ 8,00,00,000

0.035

₹8,00,00,001 - ₹ 10,00,00,000

0.030

₹ 10,00,00,001 and above

0.020

Futures Trading

Total Eligible Turnover per month

Brokerage each Leg (%)

Up to ₹ 2,00,00,000

0.048

₹ 2,00,00,001- ₹ 5,00,00,000

0.040

₹ 5,00,00,001- ₹ 10,00,00,000

0.035

₹ 10,00,00,001 & above

0.020

Visit IDBI Capital Brokerage Charges Review for more detail.


IDBI Capital Online Account Opening

For Online Stock Trading with IDBI, the investor needs to open 3 accounts; IDBI Bank Account, IDBI Capital Trading Account and IDBI Demat Account (DP Account).

Note: If you already have a bank account or demat account with IDBI, you could link it with new IDBI trading account.

Opening trading account with IDBI is easy. You could use one of the following options to open an account with IDBI.

  • Visit IDBI website and fill the "Open an Account" form.
  • Call IDBI and tell them that you are interested in opening an account with them.

In both the cases IDBI representative contact you in a day or two and tell you about the procedure to open the account. They usually send somebody to your home to collect documents, signature and for a demo, if required.


IDBI Capital Trading Software (IDBI Capital Trading Platforms)

IDBI Capital offers stock trading services through online and offline modes. For online trading, the customers have the flexibility to choose between desktop, mobile and web platforms. IDBI provides following trading platforms to its customers-

  1. Website Trading (www.idbidirect.in)
  2. INFINITY
  3. IDBIdirect (Mobile Trading App)

In addition to online trading, IDBI customers can also use offline trading services like- 

  • Dealer assisted trading
  • Call & Trade

 

Visit IDBI Capital Trading Software Review for more detail.

Contact IDBI Capital / Request Call Back

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IDBI Capital Pros and Cons


IDBI Capital Pros (Advantages)

The following are the advantages of IDBI Capital. You must read IDBI Capital advantages and disadvantages before opening an account with IDBI Capital. IDBI Capital pros and cons help you find if it suits your investment needs.

  1. IDBI Capital offers 3-in-1 account wherein your trading, demat and bank account are linked to each other. You can link savings account maintained with IDBI Bank, HDFC Bank, Axis Bank, ICICI Bank, PNB, Vijaya Bank, OBC, Union Bank of India, Karur Vysya Bank & Lakshmi Vilas Bank with the trading account. However, to avail a 3-in-1 account, you must have a savings account with IDBI/HDFC Bank/Axis Bank/ICICI Bank.
  2. Strong research services
  3. Facility to invest in equities, F&O, Mutual Funds etc. from a single platform.
  4. Offers both online and offline trading services
  5. Brokerage plans for both low volume and high volume traders
  6. Call & Trade and Dealer assisted trading services

IDBI Capital Cons (Disadvantages)

The following are the cons of IDBI Capital. Check the list of IDBI Capital drawbacks.

  1. IDBI Capital doesn't offer trading services in commodity trading. You cannot trade in MCX or NCDEX.
  2. Brokerage charges are high

IDBI Capital Markets and Securities Ltd Enquiry Form

IDBI Capital Margin / Exposure

IDBI Capital leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity DeliveryNil
Equity IntradayUpto 4x
Equity FutureNil
Equity OptionsNil
Currency FutureNil
Currency OptionsNil
Commodity FutureNil
Commodity Options

Visit IDBI Capital Margin Review for more detail.


IDBI Capital Ratings

Overall Rating Rated 2.7 stars 2.7/5
Fees Rated 3.2 stars 3.2/5
Brokerage Rated 2.6 stars 2.6/5
Usability Rated 2.6 stars 2.6/5
Customer Service Rated 2.9 stars 2.9/5
Research Capabilities Rated 3.0 stars 3.0/5

Based on 38 Votes by IDBI Capital Customers

Do you trade with IDBI Capital? Rate IDBI Capital


IDBI Capital Complaint

The number of IDBI Capital customer complaint received by the exchanges. The IDBI Capital consumer complaint report helps understanding the IDBI Capital Markets and Securities Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 50,258 44
NSE 2019-20 51,591 15
BSE 2019-20 9,059 10
NSE 2018-19 39,926 19
NSE 2017-18 35,362 18
BSE 2017-18 12,188 6
NSE 2016-17 24,991 12
BSE 2016-17 7,827 1
NSE 2015-16 21,376 22
BSE 2015-16 9,965 8

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit IDBI Capital Complaints at BSE, NSE and MCX for detail report.


74 Comments

Birajkumar M. Desau
74. Birajkumar M. Desau  Sep 18, 2020 18:41 I Like It. | Report Abuse Reply
Recently bank has charging its existing clients Rs.30 plus 18%GST which amounts to Rs. 35.4 per transaction but was not communicated with their customers and grave situation is IDBI bank and IDBI capital staff has no idea and debits raised are random without giving details of the particular transaction. Customers got to learn after 4/5 months of debits and couldn't figure out against what transactions charges are debited. No staff is having sufficient knowledge of the raised charges. The most annoying customers are not intimated prior their practicing the charges. Almost 2 more months left but no proper informations are conveyed to the customer in spite of raising multiple inquiries. As such before practicing such charges they got to intimate customers so they can carry out transactions considering additional cost towards purchase and sales. I strongly feels bank should revert these raised charges and circulate letters to existing customers and then can begin charging their customers.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
T R Gupta
73. T R Gupta  Sep 7, 2017 13:04 I Like It. | Report Abuse Reply
i am satisfied user/customer of IDBI Capital since last 9 years

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Nils
72. Nils  Apr 16, 2018 20:16 I Like It. | Report Abuse Reply
Website is not running properly

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Below Average
BHUKHAN LAL DEWANGAN PAN
71. BHUKHAN LAL DEWANGAN PAN  Apr 13, 2020 19:59 I Like It. | Report Abuse Reply
Opened dmate ac.ucc no issued. Login id not recd. 15 days passed. Help line nos not attended..sent e-mails fail.concered bank personal not available.
Mamta Gulabchand Raika
70. Mamta Gulabchand Raika  Feb 18, 2016 17:28 I Like It. | Report Abuse Reply
They also did with me I bought 6 lac shares @ 0.10 and they charged me 0.04 as brokerage about 40% of Share value. At the time of opening of account they said max brokerage will be 0.25%-0.30% .

They are taking money from the pocket of the customers.

I will close my all account with IDBI all current account /Demat account/ Capital account/ FD account.

we are not fool to pay 40% commission on purchase and if again need to sale on Rs.0.10 again have to pay 40% commission Rs.0.04 that mean you are gifting your money to IDBI.

not trust worthy.
N
70.1. N  Mar 7, 2017 07:57 I Like It. | Report Abuse
hi..so which do you recommend is the best or better for now? thanks any reply will be appreciated
anand chavan
69. anand chavan  Aug 10, 2018 17:58 I Like It. | Report Abuse Reply
OVERALL GOOD EXPERIANCE

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Above Average
Kunal Mondal
68. Kunal Mondal  Oct 28, 2017 23:27 I Like It. 1 | Report Abuse Reply
Mobile app does not properly...customer service is worst...website is absolutely faltu

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Fake Nath
67. Fake Nath  Jun 7, 2017 00:01 I Like It. | Report Abuse Reply
Fake... Very Bad

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Vikas Panchal
66. Vikas Panchal  Feb 2, 2017 19:44 I Like It. | Report Abuse Reply
I have already a demate account in IDBI but the account is blocked/Deactive due to not used for long time. Now how I can activate it again
xyz
65. xyz  Dec 30, 2016 14:40 I Like It. | Report Abuse Reply
Application is not at all user friendly. Customer care is worst.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Sulthan
64. Sulthan  Nov 26, 2016 01:14 I Like It. | Report Abuse Reply
NEED TO IMPROVE WEBSITE (NOT TRADING WEBSITE) BUT IDBI DIRECT WEBSITE AND APP

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average
Rupesh
63. Rupesh  Mar 1, 2016 00:55 I Like It. | Report Abuse Reply
Like many others I too have a very bad experience with IDBI Capital Patna,Bihar
I have filled the form and given cheque on 1st Feb 2016 the cheque amount was cleared on 3rd feb but till today my trading account has not opened and it''s 29th Feb 2016 today

I prefer others not to Go with IDBI Capital
there service is very poor
M regretting now
nageswar
62. nageswar  Dec 19, 2015 21:19 I Like It. | Report Abuse Reply
WORST ONE

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Above Average
Overall Experience - Very Poor
Prashant
61. Prashant  Aug 4, 2015 16:10 I Like It. | Report Abuse Reply
worst service...many times problem with OFS,IPO application...not user friendely website...poor,illogical & idiot responce from custmer care..fedup with this...i m using both ICICI & IDBI..ICICI is expensive but superb website...
VIDYASAGAR SINGHA
60. VIDYASAGAR SINGHA  Oct 30, 2014 15:29 I Like It. | Report Abuse Reply
I have applied for demat account on 27.09.2014 and given a cheque of Rs.700/- which was encashed on 17th october,I was told that your account will be opened in 10-15 days but till now I have recieved no intimation.VERY BAD EXPERIENCE WITH IDBI CAPITAL PURULIA BRANCH
Sagar
59. Sagar  Sep 8, 2014 12:31 I Like It. | Report Abuse Reply
web trading is very poor, session expire within 2 to 3 minute after log in,
MUKESH
58. MUKESH  Aug 5, 2014 13:58 I Like It. | Report Abuse Reply
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Roy
57. Roy  Nov 29, 2013 16:46 I Like It. | Report Abuse Reply
Paisabuilder is a very poor site. Facing only issues. (within half an hour of login), Once you login asks for new password. Throws you out.
Facing the issue for the past 3 years..Yearly charges are reducing correctly..Need to quit soon from idbipaisabuilder.
chittibabu
56. chittibabu  Jun 16, 2013 18:24 I Like It. | Report Abuse Reply
include Commodities & Currency trading better for customers otherwise we will switch to other clients
pramod
55. pramod  Apr 14, 2013 21:03 I Like It. | Report Abuse Reply
idbi dmat services is very poor. website have some major techgnical problem

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